Wolverine Exploration Inc.
OTC Bulletin Board : WOLV

Wolverine Exploration Inc.

September 08, 2010 09:01 ET

Wolverine Exploration Intersects Significant Mineralization at Cache Creek

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2010) - Wolverine Exploration Inc. (OTCBB:WOLV) ("Wolverine") is pleased to announce an update on the ongoing diamond drill program on its 90% owned Cache River Property located in Central Labrador. Three drill holes intersected significant sulphide mineralization containing visible chalcopyrite.

A total of six holes were drilled to test various surface showing that had been expanded by a recent trenching program. All holes were drilled at a -45° dip to cross the steeply dipping geology and provide as much information as possible.

Hole DDC-01-10 was drilled to test for a down-dip continuation of a previously sampled rock cut. Mineralization was intersected over an interval of 16.8 meters from 75.5 to 92.3 meters, containing pyrrhotite, pyrite and chalcopyrite. Sulphide was present as disseminations, blebs and stringers. The intersection was much deeper than where the surface showing had indicated, suggesting this is a new mineralized zone. Hole DDC-02-10 was drilled to test a surface gossan and intersected 1.8 meters of disseminated sulphide from 28.1 to 29.9 meters within an altered gneiss. Hole DDC-03-10 was abandoned. Hole DDC-04-10, was collared approximately 40 meters northeast of DDC-01-10 to test for a continuation of mineralization intersected in that drillhole and intersected two significant zones of sulphide mineralization with visible chalcopyrite. The upper zone was intersected over a distance of 27.5 meters starting at 4.5 meters and the lower zone was intersected over a distance of 35.2 meters starting at 71.0 meters. Holes DDC-05-10 and DDC-06-10 were drilled elsewhere on the property to test for a down-dip continuation of previously exposed mineralized gossans. There were no visible sulphides in either drillhole but a 3.0 meter section of DDC-06-10 was sampled in a sheared zone proximal to the down-dip extension of surface mineralization.

The mineralized sections have been sampled and sent for analysis. The results will be released as soon as available.

Wolverine President Lee Costerd commented, "We are very encouraged by these initial results and in particular by the 62 meters of mineralization encountered in DDC-04-10 and the 16.8 meters in DDC-01-10 and the likelihood that these zones are connected. The mineralization remains open in all directions. The next step will be to conduct an induced polarization (IP) survey to outline the areas of highest disseminated concentration and to help resolve the strike and dip directions of these intersections. Wolverine is organizing the IP survey and will prepare for a fall drill program to test the best IP targets."

Ed Montague, a qualified person as defined in NI 43-101, prepared the scientific and technical information disclosed in this news release. 

On behalf of the Board

Lee Costerd, President

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 results of the drilling 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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