Wolverine Announces Private Placement And Debt Settlement

WOLVERINE MINERALS CORP. (the "Company") announces that, subject to the approval of the TSX Venture Exchange (the "Exchange"), it has arranged a non-brokered private placement financing (the "Financing") of up to 5,000,000 units (each, a "Unit") at a price of $0.075 per Unit for gross proceeds of up to $375,000. Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant (each, a "Warrant"). One Warrant entitles the holder thereof to purchase one additional Share of the Company at a price of $0.10 per Share in the first year following the closing date (the "Closing") and at a price of $0.125 per Share in the second year following the Closing until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant, which is two (2) years following the Closing.

The proceeds of the Financing will be used for working capital.

The Company also announces its intention to settle debt (the "Debt Settlement") in the amount of approximately $118,500 owed by the Company to various insiders of the Company by the issuance of common shares (each, a "Settlement Share") of the Company at a deemed price of $0.075 per Settlement Share. The Debt Settlement is subject to the approval of the Exchange and entry into debt settlement agreements with each of the creditors.

All securities issued in connection with the Financing and the Debt Settlement will be subject to a statutory hold period expiring four months and one day after issuance of the securities.

Each of Thomas Doyle, Logan Anderson and Greg Burnett will be participating in the Debt Settlement and are considered to be a "related party" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and each issuance is considered to be a "related party transaction" within the meaning of MI 61-101 but each is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares to be issued to each related party does not exceed 25% of the Company's market capitalization.


Per: "Thomas A. Doyle"
Thomas A. Doyle
President & CEO


For further information, please contact:
Thomas A. Doyle or Logan Anderson
Phone: (604) 689- 5722
Email: info@wolverineminerals.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.