Wolverine Updates on Drilling at Cache River, Central Labrador

Wolverine Exploration Inc. has updated on its ongoing exploration program on its property in central Labrador. The present program consists of continuing prospecting, geological evaluation and diamond drilling.

The drilling program is focused on investigating the anomalies that were identified by a recent induced polarization survey (IP) carried out late in 2010.

To date, three anomalous areas have been or are being drilled on the property. Drill hole CR1-05-11 has intersected several minor zones of sulphide mineralization containing chalcopyrite (Cu) with lenses of magnetite being the probable cause of the anomaly. Drill hole CR1-06-11 was ended at 44.1 meters when no cause of that anomaly could be identified in the core. However Drill Hole CR1-08-11 intersected sulphide mineralization immediately on entering bedrock. Mineralization consists of blebs and stringers of chalcopyrite with associated pyrite. The mineralization continues for a core length of 37 meters. This entire section is currently being cut and will be sent for analysis including gold content.

All of the anomalies that were identified by the IP survey suggests a linear expression of from 0.6 to 1.0 km and all strike in a NE/SW direction and are parallel to each other suggesting a strong geological trend. Wolverine intends to investigate all of those targets with diamond drilling.