Wolf Announces Change of Name to Fura Emeralds Inc.

TORONTO, ONTARIO--(Marketwired - March 9, 2015) - Wolf Resource Development Corp. ("Wolf" or the "Company") (TSX VENTURE:WRD) is pleased to announce that effective March 9, 2015 the Company's name will change to "Fura Emeralds Inc." and the company's common shares will trade on the TSX Venture Exchange under its new ticker symbol, "FUR".

The shareholders of the Wolf approved the name change at the annual and special meeting of the Company's shareholders held on June 5, 2014. Further details regarding the name change is contained in the Company's Information Circular dated May 5, 2014, which has been filed on SEDAR at www.sedar.com.

About Wolf Resources Development Corp.

Wolf Resource Development Corp. will focus on the completion of the acquisition of the emerald mining concession in Colombia in the short term.

FORWARD-LOOKING INFORMATION

This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding the name change, future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise.