Wolverine Announces Closing of Debt Settlement

September 8, 2016 TSX.V Symbol: WLV Frankfurt Symbol: 4LP _____________________________________________________________________________________

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 aggregate amount of $669,000 in consideration of the issuance of an aggregate of 13,396,000 common shares of the Company. The shares were issued at a deemed price of $0.05 per share. The issued shares are all subject to a statutory hold period of four months and one day.

Each of Thomas Doyle, Logan Anderson, Greg Burnett and J. Douglas Blanchflower 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 was considered to be a “related party transaction” within the meaning of MI 61-101 but each was 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 specified 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 issued to each related party did not exceed 25% of the Company’s market capitalization.

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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