Wolverine Minerals Corp.

Wolverine Minerals Corp.

August 03, 2011 09:00 ET

Wolverine Updates Exploration Activities on Dawson Range Projects in the Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2011) - Wolverine Minerals Corp. ("Wolverine" or the "Company") (TSX VENTURE:WLV)(FRANKFURT:4LP) is pleased to provide an update on its exploration programs in the Dawson Range District, Yukon. Initial work is focused on the five core properties in the Mount Nansen area.

DDD-Shamrock Property - extensive soil sampling, prospecting and mapping has been completed and results of at least 3000 samples are pending. At least two new mineralized zones have been discovered at the DDD-North showing and bulldozer trenching has been initiated at one zone to be followed by detailed mapping and trench sampling. At the Shamrock showing, an extensive grid based soil sampling program was completed over historical showings and results are pending. A more detailed cut grid is presently being completed for a ground geophysical survey to be initiated around August 10, 2011.

Dade Property - preliminary backhoe trenching, sampling and geological mapping was concentrated in the area of the historical work at the Grizzly vein. Shallow trenching with heli-portable backhoes exposed part of the main area of interest. The main vein zone was exposed by five trenches over a strike length of about 50 meters and remains open along strike in both directions. At the western end of the structure, the principle vein is about 7.5 meters wide within an envelope of silicification with local stockwork veining that is up to 25 meters wide. To the east, the full extent of the zone is partially masked by permafrost. The Grizzly vein zone occurs in an area of low relief with no outcrop however scattered float, porphyry dikes and quartz stringers in trenches suggest the possibility of parallel structures. After sampling part of the zone, the Company decided to bring in a larger excavator to more fully expose the zone. That program is in progress and initial results are expected shortly. A combined airborne magnetic and radiometric geophysical survey was recently completed over the Dade property. The data will be sent to Condor Consulting Inc. of Denver, CO. for detailed interpretation.

BBB Property – an extensive soil sampling program has been completed and a further detailed closely spaced grid sampling program was undertaken, with results pending. A combined airborne magnetic and radiometric geophysical survey has been completed and the data will be sent to Condor Consulting Inc. of Denver, CO. for detailed interpretation.

Sked-Desk Property - backhoe trenching of the main showings has been completed, as well as geological mapping of the main area of interest. Trench sampling has been completed and final results are pending.

CCC Property - several historical areas of anomalous gold and arsenic values were detailed by additional more closely spaced soil sampling and results are pending.

The technical data in this news release has been reviewed and approved by Heather Smith, P.Geo., and James M. Dawson, P.Eng., both of whom are qualified persons under the definition of National Instrument 43-101.

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.

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