Wolverine Resources Corp (WOLV)

[jayree]

Phase 4 is not complete... the trenching portion is to commenst only on spring-summer of 2010 IF they are able to raise funds. What is completed as far as PR mentioned was the assessment report and sampling of Phase 4 completed in fall of 2009.

Took this verbatim from the 10Q that was filed for Nov 30, 2009.

Phase four – This phase of our company’s exploration program will consist of prospecting, sampling, excavating and trenching as outlined below at a total estimated cost of approximately $146,000 (Cdn $166,000). The prospecting and sampling program portion of phase four was completed in the fall of 2009. The trenching portion of phase four is estimated at $116,000 Cdn. An assessment report on the fall 2009 program was completed and filed with the Department of Natural Resources of the Province of Newfoundland and Labrador.

As at November 30, 2009, we had a cash balance of $2,048. We will need to raise additional financing to fund phase four of the proposed exploration program to commence in the spring-summer of 2010 and subject to positive results in phase four additional financing for phase five of the proposed exploration program to commence in summer-fall 2010.