Wolverine Exploration Inc.
OTC Bulletin Board : WOLV

Wolverine Exploration Inc.

November 10, 2010 13:32 ET

Wolverine Exploration Announces Approval of Permit and Commencement of IP Survey at Cache River

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - Wolverine Exploration Inc. ("Wolverine") (OTCBB:WOLV) is pleased to announce that the previously announced induced polarization (IP) survey is now underway on the Cache River Property in Labrador. Previous drilling had confirmed the presence of anomalous copper in disseminated sulphide with assay results returning grades up to 0.24% copper and anomalous gold.

The survey will be conducted by Abitibi Geophysics under the supervision of Robert McKeown (PGeo). Approximately 45 line-kilometers of IP data will be acquired on cut-lines spaced 100 m apart. The survey is designed to detect disseminated sulphide that may be sub-surface extensions of known surface showings and drillhole intersections containing copper.

The IP survey will be conducted on three separate grids. The main grid includes known surface showings and some drillhole intersections of disseminated copper. The second grid will cover an airborne electromagnetic anomaly that has not yet been drill-tested. The third grid will cover a malachite showing that returned high copper values.

Lee Costerd, Wolverine President & CEO commented, "The IP survey was recommended to be conducted when the ground is relatively dry but not frozen. It should only take a few weeks to acquire the data and a further few weeks to process and interpret. We see this survey as an important next step in defining and locating the extensions of the surface showings which contained grades of copper ranging from 1.38% to 6.4% to establish drill target locations for a Phase 2 drill program."

On behalf of the Board

Lee Costerd

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 the IP survey and Phase 2 drill program.

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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