WLV Wolverine Minerals Corp.

WOLVERINE MINERALS CORP. ("Wolverine" or the "Company") (TSX VENTURE: WLV)(FRANKFURT: 4LP) is pleased to announce that it will conduct a non-brokered private placement of up to 10 million units at $0.55 per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each whole share purchase warrant will entitle the holder to acquire an additional common share for $0.75 per share for a period of 12 months from closing.

The Company will also conduct a non-brokered flow-through private placement of up to three million units at $0.65 per flow-through unit. Each flow-through unit will consist of one flow-through common share and one-half of one non flow-through share purchase warrant. Each whole share purchase warrant will entitle the holder to acquire an additional common share for $0.75 per share for a period of 12 months from closing.

The warrant, from both placements, will be subject to an accelerated 30-day expiry provision in the event the Company's common shares trade at $1.10 or greater for a period of 20 consecutive trading days after four months from closing.

Strategic Metals Ltd. has informed the Company that it will exercise its right to participate in the financings in order to maintain its 19.9 % equity interest in the Company.

Although the private placements will be non-brokered, the Company may pay a finder's fee in accordance with the rules and policies of the TSX Venture Exchange. The private placements remain subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the private placements will be subject to a four month hold period.

The proceeds from the above financings will be used to fund the Company's planned $5 million exploration programs in the Dawson Range and the Finlayson Districts in the Yukon (see news release dated April 28, 2011) and general working capital.

WOLVERINE MINERALS CORP.

Thomas A. Doyle, President & CEO

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.

Contacts: Wolverine Minerals Corp. Thomas A. Doyle (604) 689-5722 Wolverine Minerals Corp. Logan Anderson (604) 689-5722 (604) 685-9182 (FAX) info@wolverineminerals.ca www.wolverineminerals.ca