Wolverine Exploration Inc.
OTC Bulletin Board : WOLV

Wolverine Exploration Inc.

March 03, 2010 08:30 ET

Wolverine Announces Results of 2009 Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2010) - Wolverine Exploration Inc. ("Wolverine") (OTCBB:WOLV) carried out geological reconnaissance along with prospecting and sampling on three of its six Labrador licenses. Some, but not all of the known mineralized zones were sampled as this was more of a reconnaissance exercise until a more systematic program is put in place. In addition, to the usual base metal sampling, scintillometer surveys were done on the exposed rock cuts along the highway and selected areas of the southern portions of the three licenses.

Activation Laboratories (ActLab) based in Ancaster, ON, carried out mineral analysis of the Wolverine samples which included uranium content. Assay results indicate that there are significant copper values in three of the samples as outlined in the table below. Elevated values in gold, zinc and rare earth elements along with minor silver, cobalt and chromium are also found associated with those samples. It appears that all of these elements are associated with the copper-bearing malachite that intrudes both the regional gneisses and the younger pegmatite dikes. Malachite is sometimes associated with near surface copper deposits and it appears here, that the copper bearing solutions that permeated up through fractures or weak areas of the gneisses contained percentages of the other potentially economic minerals.

Sample Cu ppm Au ppb Ag ppm Zn ppm Co ppm  Ni ppm
WCR-01-09  greater than 10000 (4.01%) 22 3.2 71 22 58
WCR-02-09  1180 8 0.3 111 25 81
WCR-03-09  greater than 10000 (1.75%) 17 2.1 59 19 88
WCR-04-09  greater than 10000 (1.11%) 62 1.6 162 38 169
WCR-05-09  4890 40 2.9 142 15 14

The radiometric data shows numerous uranium anomalies and some potassium responses that correspond with the EM trends (suggesting geological contacts), There is a significant east-west trending radioactive anomaly that is in excess of two kilometres in length in the southern portion of the licenses. This has yet to be explored. Scientillometer reading exceeds 1200 cps in some of the rock cuts along the highway which is moderately high. It should be noted that Aurora Energy's giant Michelin deposit in Labrador's Central Mineral Belt has an average grade of only 0.09% U3O8.

For further information visit Wolverine's website at http://www.wolverineexplorationinc.com/.

On behalf of the Board

Lee Costerd, CEO

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding potential mineralization.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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