Wolverine Minerals Announces Effective Date for Share Consolidation

May 20, 2016 TSX.V Symbol: WLV Frankfurt Symbol: 4LP

WOLVERINE MINERALS ANNOUNCES EFFECTIVE DATE FOR SHARE CONSOLIDATION

Wolverine Minerals Corp. (the “Company”) (TSX-V: WLV) announces that, further to its News Release of May 11, 2016, the TSX Venture Exchange has approved the consolidation of the common shares of the Company (each, a “Share”) on the basis of five (5) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”). The Consolidation will become effective at the opening of the market on May 24, 2016. The Company’s symbol shall remain as “WLV”. Currently, a total of 24,923,147 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 4,984,629 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares. Computershare Investor Services Inc. (“Computershare”) will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

WOLVERINE MINERALS CORP. www.wolverineminerals.ca

Per: “Thomas A. Doyle” For further information, please contact: Thomas A. Doyle President & CEO Thomas A. Doyle Logan Anderson Phone: (604) 689- 5722 Email: [email protected]

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.

Suite 1085, 555 Burrard Street Tel: 604-689-5722 PO Box 201 Fax: 604-685-9182 Vancouver, BC, Canada, V7X 1M8

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