Closing of Option Agreement For Los Venados Property

VANCOUVER, BC - Wolverine Minerals has approved and has closed the option agreement with Almadex Minerals Limited regarding the Los Venados property in Sonora State, Mexico.

Almadex, through its subsidiary, granted an option to the Company to acquire a 100% interest in the Property on the terms and conditions of the Option Agreement. 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.

Last month, the Company filed a geological report regarding the Property. The Los Venados property is immediately adjacent to the producing Mulatos and La India gold mines. Alteration mapping and geochemical sampling indicate that the property covers a possible high-sulphidation epithermal mineralization system similar in nature to that on the adjacent Mulatos and La India Mine projects.