Wolverine Announces Closing of Non-Brokered Private Placement

July 29, 2016 TSX.V Symbol: WLV Frankfurt Symbol: 4LP _____________________________________________________________________________________

WOLVERINE ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

WOLVERINE MINERALS CORP. (the “Company”) announces today, that further to its news releases of June 30, 2016 and July 12, 2016, it has closed a non-brokered private placement of 11,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for proceeds of $550,000 (the “Financing”). Each Unit consists of one common share in the capital of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to purchase one additional Share at a price of $0.075 per Share during the first year from the date of issuance and $0.10 per Share during the second year from the date of issuance.

The Financing was oversubscribed by $50,000. In connection with the Financing, the Company paid $4,200 in finders’ fees. The proceeds of the Financing will be used for working capital purposes.

Each of Thomas Doyle, Logan Anderson, Greg Burnett and J. Douglas Blanchflower (collectively, the “Insiders”) participated in the Financing. The Insiders’ particpation constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) but was exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(a) of MI 61-101, in that the fair market value of the Units purchased by the Insiders did not exceed 25% of the Company’s market capitalization and the Shares are listed on the TSX Venture Exchange (the “TSXV”).

All securities issued in connection with the Financing are subject to a statutory hold period expiring four months and one day after closing of the Financing.

WOLVERINE MINERALS CORP. www.wolverineminerals.ca

Per: “Thomas A. Doyle” For further information, please contact: Thomas A. Doyle Thomas A. Doyle President & CEO 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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