BLACKWOLF COPPER & GLD - BWCGF STOCK NEWS

Blackwolf Copper and Gold (TSXV:BWCG, OTC PINK:BWCGF) has filed the NI 43-101 Technical Report titled '2022 Mineral Resource Update for the Niblack Polymetallic Project' on SEDAR. The report, prepared by Dr. Gilles Arseneau of Arseneau Consulting Services, focuses on the Niblack Cu-Zn-Ag Deposit in Alaska. Blackwolf aims to enhance shareholder value through collaboration, technical expertise, and innovation in mineral exploration. The Company holds a 100% interest in the Niblack project and several other properties in the Golden Triangle region. For further details, the technical report is accessible on Blackwolf's website.

Blackwolf Copper and Gold (TSXV:BWCG, OTC PINK:BWCGF) has signed a Memorandum of Understanding (MOU) with Goliath Resources and Coast Copper Corp to explore the feasibility of a centralized polymetallic processing facility at the Kitsault Project in British Columbia. The joint study aims to evaluate potential cost reductions in capital and processing, as well as reduced permitting timelines. The Kitsault site, previously a molybdenum mine, has received necessary federal and provincial permits. Blackwolf also announced the resignation of Jodie Gibson, VP of Exploration. The Companies will share study costs, with technical assessments conducted by Fuse Advisors Inc.

Blackwolf Copper and Gold Ltd. (TSXV:BWCG, OTC:BWCGF) has announced a private placement agreement with Red Cloud Securities Inc. to raise up to C$5,000,000. The offering will involve the sale of units priced at C$0.20 each and flow-through common shares at C$0.24. Notably, Frank Giustra is set to become the largest shareholder, owning up to 17.5% of shares post-offering. Funds will be directed towards exploration at the Hyder Gold-Silver Properties and the Niblack copper-gold project. The offering is subject to regulatory approval and is expected to close around March 28, 2023.

Blackwolf Copper and Gold announced an updated Mineral Resource Estimation (MRE) for its Niblack property in southeastern Alaska, revealing significant high-grade mineralization. The Indicated Mineral Resource is now 5.85 million tonnes at 0.94% Copper, 1.83 g/t Gold, 1.73% Zinc, and 29 g/t Silver, with an Inferred Resource of 0.21 million tonnes at 0.93% Copper, 1.52 g/t Gold, 1.38% Zinc, and 18 g/t Silver. Notably, the Lookout deposit contains 3.79 million tonnes at higher grades, leaving room for continued exploration. The MRE incorporates new drilling data and adheres to CIM guidelines, indicating promising future potential for the project.

Blackwolf Copper and Gold has signed a Memorandum of Understanding (MOU) with Dolly Varden Silver and New Moly LLC to assess the feasibility of a centralized polymetallic processing facility at the Kitsault project site. This site, previously a molybdenum mine, has received necessary permits and is located near tidewater, offering logistical advantages. Initial discussions with the Nisg a'a Lisims Government have been held, focusing on potential amendments to Mines Act Permits. Technical assessments will be carried out by Fuse Advisors Inc. to explore metallurgical and operational synergies.

Blackwolf Copper and Gold has received authorization for its Surface Exploration Project Plan of Operations under the National Environmental Policy Act for its Hyder Project in Alaska, allowing expedited drilling preparations. The Cantoo Property shows promising quartz veins up to 30 meters wide and has been targeted for drilling, potentially starting in October 2022. Blackwolf completed extensive geological work, including sampling 326 rock grabs and conducting various surveys. The exploration is set within a historically rich mineral area, enhancing the property's potential.