Wolverine Minerals Corp.

Wolverine Minerals Corp.

August 17, 2011 09:00 ET

Wolverine Updates Exploration Activities on Finlayson District Projects in the Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 17, 2011) - Wolverine Minerals Corp. (TSX VENTURE:WLV)(FRANKFURT:4LP) ("Wolverine" or the "Company") is pleased to provide an update on the Company's exploration programs in the Finlayson district, Yukon where Wolverine controls 10 properties. The initial stage exploration program on the following six properties is now substantially complete.

Vivi Property: Initial ground prospecting and rock sampling was followed by ridge and contour soil sampling. Three areas of alteration and quartz veining identified by prospecting were detailed by geological mapping and extensive grid soil sampling. Two areas of highly anomalous gold values (values up to 1.1 g/t gold) measuring 1400 by 400 meters and 800 by 250 meters respectively were partly outlined but remain open to the west. The soil sampling grid was subsequently expanded to the west. The results of these samples as well as extensive rock chip samples are pending.

String Property: The area of the 2010 gold-arsenic-antimony in soils anomaly was expanded to the west and southwest where additional claims were staked to cover these extensions. Extensive "CanDig" trenching was completed and all trenches were sampled. Trenching within the anomalous area discovered a number of quartz- tetrahedrite (copper-silver-arsenic sulfide) boulders which may be related to the anomaly's source. The results of expanded sampling as well as trenching are still outstanding.

Gam Property: Initial prospecting, rock chip sampling and mapping was followed up by contour and grid sampling in areas of newly discovered alteration/mineralization. Two areas of bleached and altered (quartz-carbonate-limonite-sericite) rock were discovered adjacent to areas of previous trenching by Strategic Minerals Inc, where sampling returned values of 0.44 g/t gold over 17.95 meters. Samples from these zones as well as extensive soil samples have been submitted to Chemex and results are awaited.

Coach Property: Geological mapping and reconnaissance contour soil sampling was completed over the entire property. A possibly significant zone of alteration and quartz veining measuring 1000 by 300 meters in size and up to 150 meters thick was outlined in an area of previously delineated anomalous arsenic. Prior historical sampling was not analysed for gold. Results of soil and rock chip sampling when received will determine the significance of this zone.

Andy Property: Ground prospecting identified an area approximately 500 meters wide of extensive quartz-sulfide veining and stockwork. This may be the area of a native gold occurrence described in a private report from the 1960's. Several areas of massive sulfides in skarn were also identified. Extensive rock chip sampling as well as ridge and spur and contour soil sampling was completed and results are pending.

Four Corners Property: Reconnaissance geological mapping and contour soil sampling was completed. In the area of the PS showing (previous sampling by Strategic Minerals Inc. to 4.28 g/t gold) similar mineralization was found over an area of measuring 200 meters by 150 meters. All samples have been submitted to the lab and results are still outstanding.

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


Thomas A. Doyle, President & CEO

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