Wolverine Announces Closing of Option Agreement with Almadex Minerals

Suite 1085, 555 Burrard Street Tel: 604-689-5722

PO Box 201 Fax: 604-685-9182

Vancouver, BC, Canada, V7X 1M8

News Release Page 1

February 9, 2017 TSX.V Symbol: WLV

Frankfurt Symbol: 4LPP

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WOLVERINE ANNOUNCES CLOSING OF OPTION AGREEMENT WITH

ALMADEX MINERALS

WOLVERINE MINERALS CORP. – (the “ Company”) announces today, that further to its

news release of November 29, 2016, the TSX Ve nture Exchange has approved and the Company

has closed the option agreement dated November 28, 2016 (the “ Option Agreement ”) with

Almadex Minerals Limited (“ Almadex”) regarding the Los Venados property in Sonora State,

Mexico (the “Property”).

Almadex, through its subsidiary, granted an option to the Company to acquire a 100% interest

in the Property (the “ Option”) on the terms and conditions of the Option Agreement. The

terms of the Option Agreement are set out in the Company’s News Release dated November 29,

2016. The Company has issued 250,000 common shares to Almadex on closing of the Option

Agreement which Shares are subject to a four month hold period expiring June 9, 2017.

On January 24, 2017, the Company filed a geological report regarding the Property which can be

found under the Company’s SEDAR profile at www.sedar.com.

The Los Venados property is immediately adjacent to the producing Mulatos and La India gold

mines. Alteration mapping and geochemical sa mpling indicate that the property covers a

possible high-sulphidation epithermal mineralizat ion system similar in nature to that on the

adjacent Mulatos and La India Mine projects.

The Los Venados property has signed surface a ccess agreements in place and has received full

SEMARNAT (Ministry of Environment and Natu ral Resources) approval for 12 drill pad

locations.

WOLVERINE MINERALS CORP.

Per: “Thomas A. Doyle”

Thomas A. Doyle

President & CEO

www.wolverineminerals.ca

For further information, please contact:

Thomas A. Doyle

Logan Anderson

Phone: (604) 689- 5722

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Prov ider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.