Wolverine Announces Closing of Debt Settlement

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

PO Box 201 Fax: 604-685-9182

Vancouver, BC, Canada, V7X 1M8

News Release

December 28, 2017 TSX.V Symbol: WLV

Frankfurt Symbol: 4LP

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WOLVERINE ANNOUNCES CLOSING OF DEBT SETTLEMENT

WOLVERINE MINERALS CORP. (the “ Company”) announces that various insiders of the

Company have agreed to settle debt in the aggr egate amount of $118,500 in consideration of the

issuance of an aggregate of 1,580, 000 common shares of the Company. The shares were issued

at a deemed price of $0.075 per share. The is sued shares are all subject to a statutory hold

period of four months and one day.

Each of Thomas Doyle, Logan Anderson and Gr eg Burnett are considered to be a “related

party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security

Holders in Special Transactions (“MI 61-101 ”) and each issuance is considered to be a “related

party transaction” within the meaning of MI 61 -101 but each is exempt from the valuation

requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the

Company’s shares are not listed on a specifie d market and from the minority shareholder

approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI

61-101 in that the fair market value of the consideration of the shares to be issued to each related

party does not exceed 25% of the Company’s market capitalization.

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 Provider (as that term is defined in the

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