UNITED
STATES


SECURITIES
AND EXCHANGE COMMISSION


Washington,
D.C.   20549









FORM
10-Q


(Mark
One)





[
      X ]
            QUARTERLY
      REPORT UNDER SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





For the
quarterly period ended   August
31, 2008





[    ]
            TRANSITION
      REPORT UNDER SECTION 13 0R 15(d) OF THE SECURITIES EXCHANGE ACT OF
      1934





For the
transition period from _________________ to _________________





Commission
file number 333-152343








WOLVERINE
      EXPLORATION INC.(Exact
      name of registrant as specified in its
charter)








Nevada
                                          98-0569013(State
      or other jurisdiction of incorporation or
    organization)
                                          (I.R.S.
      Employer Identification No.)4055 McLean Road, Quesnel, British Columbia,
      Canada
                                          V2J 6V5(Address
      of principal executive offices)
                                          (Zip
      Code)250-992-6972(Registrant’s
      telephone number, including area code)n/a
                                            (Former name, former address and former fiscal
      year, if changed since last
report)





Indicate
by check mark whether the registrant (1) filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12
months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.


[    ]
Yes         [ X 
]  No





Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting
company.  See the definitions of “large accelerated filer”,
“accelerated filer” and “smaller reporting company in Rule 12b-2 of the Exchange
Act.





Larger
accelerated
filer                                                [     ]                                                                                                     
Accelerated
filer                                                              
[     ]


Non-accelerated
filer                                                    
[     ]  (Do not check if a smaller reporting
company)                
Smaller reporting
company                                            [
X ]





Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange Act).


[    ]
Yes         [ X 
]  No





APPLICABLE
ONLY TO CORPORATE ISSUERS





State the
number of shares outstanding of each of the issuer’s classes of common equity,
as of the latest practicable date.





Class
            Outstanding at December 22,
      2008common
      stock - $0.001 par value
            68,630,000






Page
- 1





PART
I – FINANCIAL INFORMATION





Item
1.                      Financial
Statements.








WOLVERINE
EXPLORATION INC.


(An
Exploration Stage Company)








FINANCIAL
STATEMENTS





(Unaudited)





AUGUST
31, 2008
















Table of
      Contents:
            IndexBalance
      Sheets
            F-1Statements of Operations
            F-2Statements of
      Stockholders’ Equity and Comprehensive Income
            F-3Statements
      of Cash Flows
            F-4Notes to the
      Financial Statements
            F-5










Page
- 2







WOLVERINE
      EXPLORATION INC.(AN
      EXPLORATION STAGE COMPANY)BALANCE
SHEETS
  August
      31, 2008
                                                                                
                                                                                
                                                                                May
      31, 2008(Unaudited)ASSETSCurrent
      assets:Cash
                                                                                $
                                                                                2,684
                                                                                
                                                                                
                                                                                $
                                                                                18,990Accounts
      receivable
                                                                                
                                                                                4,604
                                                                                
                                                                                
                                                                                
                                                                                6,428Total
      current assets
                                                                                
                                                                                7,288
                                                                                
                                                                                
                                                                                
                                                                                25,418Unproved
      mineral properties
                                                                                
                                                                                348,221
                                                                                
                                                                                
                                                                                
                                                                                348,221Total
      assets
                                                                                $
                                                                                355,509
                                                                                
                                                                                
                                                                                $
                                                                                373,639LIABILITIES
      AND STOCKHOLDERS' EQUITYCurrent
      liabilities:Accounts
      payable
                                                                                $
                                                                                115,734
                                                                                
                                                                                
                                                                                $
                                                                                84,023Accrued
      liabilities
                                                                                
                                                                                1,300
                                                                                
                                                                                
                                                                                
                                                                                2,000Accrued
      professional fees
                                                                                
                                                                                59,279
                                                                                
                                                                                
                                                                                
                                                                                48,075Due
      to related parties
                                                                                
                                                                                43,478
                                                                                
                                                                                
                                                                                
                                                                                7,888Total
      current liabilities
                                                                                
                                                                                219,791
                                                                                
                                                                                
                                                                                
                                                                                141,986Commitments
      and contingenciesStockholders'
      equity:Common
      stock, $0.001 par value, 200,000,000 authorized;
68,630,000issued,
      outstanding or subscribed at August 31 and May 31, 2008
                                                                                
                                                                                68,630
                                                                                
                                                                                
                                                                                
                                                                                68,630Additional
      paid in capital
                                                                                
                                                                                1,030,770
                                                                                
                                                                                
                                                                                
                                                                                1,030,770Deficit
      accumulated during the exploration stage
                                                                                
                                                                                (966,356
                                                                                )
                                                                                
                                                                                
                                                                                (868,421
                                                                                )Accumulated
      other comprehensive income
                                                                                
                                                                                2,674
                                                                                
                                                                                
                                                                                
                                                                                674Total
      stockholders' equity
                                                                                
                                                                                135,718
                                                                                
                                                                                
                                                                                
                                                                                231,653Total
      liabilities and stockholders' equity
                                                                                $
                                                                                355,509
                                                                                
                                                                                
                                                                                $
                                                                                373,639





The
accompanying notes are an integral part of these financial
statements





F
- 1







WOLVERINE
      EXPLORATION INC.(AN
      EXPLORATION STAGE COMPANY)STATEMENTS OF
OPERATIONS
  For
      the Three Months Ended
                                                                                                                            
                                                                                                                            
                                                                                                                            From
      February 23,August
      31,
                                                                                                                            
                                                                                                                            
                                                                                                                            August
      31,
                                                                                                                            
                                                                                                                            
                                                                                                                            2006
      (Inception)2008
                                                                                                                            
                                                                                                                            
                                                                                                                            2007
                                                                                                                            
                                                                                                                            
                                                                                                                            to
      August 31, 2008Operating
      expenses:Administrative
                                                                                                                            $
                                                                                                                            22,500
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            23,903
                                                                                                                            
                                                                                                                            
                                                                                                                            $
                                                                                                                            124,187Advertising
      and promotion
                                                                                                                            
                                                                                                                            -
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,786
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            7,394Automobile
                                                                                                                            
                                                                                                                            -
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            254Bank
      charges and interest
                                                                                                                            
                                                                                                                            97
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            188
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,298Consulting
      fees
                                                                                                                            
                                                                                                                            37,407
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            37,698
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            391,056Exploration
      and development costs
                                                                                                                            
                                                                                                                            -
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            13,847
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            239,424Office
                                                                                                                            
                                                                                                                            79
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            302
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,546Professional
      fees
                                                                                                                            
                                                                                                                            33,357
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            22,264
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            150,488Regulatory
                                                                                                                            
                                                                                                                            1,530
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            527
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            6,778Rent
                                                                                                                            
                                                                                                                            2,963
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            2,950
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            23,370Telephone
                                                                                                                            
                                                                                                                            2
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            359
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            5,424Travel
                                                                                                                            
                                                                                                                            -
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            -
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            4,668Foreign
      exchange transaction loss
                                                                                                                            
                                                                                                                            -
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            1,369
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            10,469Net
      loss for the period
                                                                                                                            $
                                                                                                                            (97,935
                                                                                                                            )
                                                                                                                            
                                                                                                                            $
                                                                                                                            (105,195
                                                                                                                            )
                                                                                                                            
                                                                                                                            $
                                                                                                                            (966,356
                                                                                                                            )Net
      loss per share:Basic
      and diluted
                                                                                                                            $
                                                                                                                            (0.00
                                                                                                                            )
                                                                                                                            
                                                                                                                            $
                                                                                                                            (0.00
                                                                                                                            )Weighted
      average number of shares outstanding:Basic
      and diluted
                                                                                                                            
                                                                                                                            68,630,000
                                                                                                                            
                                                                                                                            
                                                                                                                            
                                                                                                                            57,805,109


The
accompanying notes are an integral part of these financial
statements





F
- 2







WOLVERINE
      EXPLORATION INC.(AN
      EXPLORATION STAGE COMPANY)STATEMENT OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE
      INCOMEFOR
      THE PERIOD FROM FEBRUARY 23, 2006 (INCEPTION) TO AUGUST 31,
      2008
  DeficitCommon
      Stock Issued
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Common
      Stock Subscribed
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Accumulated
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      AccumulatedAdditional
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Additional
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      During
      the
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      OtherNumber
      of
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Paid-in
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Number
      of
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Paid-in
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Exploration
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      ComprehensiveShares
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Amount
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Capital
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Shares
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Amount
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Capital
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Stage
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      Income
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      TotalBalance
      at February 23, 2006 (Inception)
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -Common
      stock issued for cash
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,000,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,000Common
      stock subscribed
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      3,350,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      3,350
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      30,150
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      33,500Net
      loss for the period
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (19,727
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (19,727
                                                                                                                                                                                                                                                                                                      )Balance
      at May 31, 2006
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,000,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      3,350,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      3,350
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      30,150
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (19,727
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      17,773Common
      stock subscriptions refunded
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (900,000
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (900
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (8,100
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (9,000
                                                                                                                                                                                                                                                                                                      )Common
      stock issued from subscriptions
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      2,450,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      2,450
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      22,050
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (2,450,000
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (2,450
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (22,050
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -Common
      stock issued for cash
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      11,750,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      11,750
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      105,750
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      117,500Common
      stock issued for purchase of interest in mineral
properties
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      34,000,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      34,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      306,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      340,000Common
      stock subscribed
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      100,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      100
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      900
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      1,000Net
      loss for the year
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (224,926
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (224,926
                                                                                                                                                                                                                                                                                                      )Balance
      at May 31, 2007
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      52,200,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      52,200
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      433,800
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      100,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      100
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      900
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (244,653
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      242,347Common
      stock issued for cash
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      9,440,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      9,440
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      84,960
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      94,400Common
      stock subscribed
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,890,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,890
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      304,110
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      309,000Net
      loss for the three months ended August 31, 2007
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (105,195
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (105,195
                                                                                                                                                                                                                                                                                                      )Balance
      at August 31, 2007
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      61,640,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      61,640
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      518,760
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,990,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,990
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      305,010
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (349,848
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      540,552Common
      stock issued from subscriptions
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,990,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      4,990
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      305,010
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (4,990,000
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (4,990
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (305,010
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -Common
      stock issued for cash
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      900,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      900
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      98,100
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      99,000Common
      stock subscribed
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      1,100,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      1,100
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      108,900
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      110,000749,552Net
      loss for the nine months ended May 31, 2008
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (518,573
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (518,573
                                                                                                                                                                                                                                                                                                      )Foreign
      currency exchange gain
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      674
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      674Comprehensive
      loss
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (517,899
                                                                                                                                                                                                                                                                                                      )Balance
      at May 31, 2008
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      67,530,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      67,530
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      921,870
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      1,100,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      1,100
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      108,900
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (868,421
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      674
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      231,653Common
      stock issued from subscriptions
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      1,100,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      1,100
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      108,900
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (1,100,000
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (1,100
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (108,900
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -Net
      loss for the three months ended August 31, 2008
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (97,935
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (97,935
                                                                                                                                                                                                                                                                                                      )Foreign
      currency exchange gain
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      2,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      2,000Comprehensive
      loss
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      (95,935
                                                                                                                                                                                                                                                                                                      )Balance
      at August 31, 2008
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      68,630,000
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      68,630
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      1,030,770
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      -
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      (966,356
                                                                                                                                                                                                                                                                                                      )
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      2,674
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      $
                                                                                                                                                                                                                                                                                                      135,718





The
accompanying notes are an integral part of these financial
statements





F
- 3







WOLVERINE
      EXPLORATION INC.(AN
      EXPLORATION STAGE COMPANY)STATEMENTS OF CASH
FLOWS
  For
      the three months
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    From
      February 23,Ended
      August 31,
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    2006
      (Inception)2008
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    2007
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    to
      August 31, 2008Cash
      flows from operating activities:Net
      loss
                                                                                                                                                    $
                                                                                                                                                    (97,935
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    (105,195
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    (966,356
                                                                                                                                                    )Changes
      in operating assets and liabilities:Accounts
      receivable
                                                                                                                                                    
                                                                                                                                                    1,824
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (4,604
                                                                                                                                                    )Prepaid
      expenses and deposit
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    1,574
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    26,100Accounts
      payable
                                                                                                                                                    
                                                                                                                                                    31,711
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    4,984
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    115,734Accrued
      liabilities
                                                                                                                                                    
                                                                                                                                                    (700
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    1,300Accrued
      professional fees
                                                                                                                                                    
                                                                                                                                                    11,204
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    20,080
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    59,279Due
      to related parties
                                                                                                                                                    
                                                                                                                                                    35,590
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (41,394
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    43,478Net
      cash used in operating activities
                                                                                                                                                    
                                                                                                                                                    (18,306
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (119,951
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (725,069
                                                                                                                                                    )Cash
      flows from investing activities:Acquisition
      of unproved mineral properties
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (321
                                                                                                                                                    )Net
      cash used in investing activities
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (321
                                                                                                                                                    )Cash
      flows from financing activities:Payment
      on note payable to related party
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (28,414
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (34,000
                                                                                                                                                    )Cash
      paid on refund of common stock subscribed
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    (12,000
                                                                                                                                                    )Cash
      from common stock issued or subscribed
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    403,400
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    771,400Net
      cash provided by financing activities
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    374,986
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    725,400Effects
      of foreign currency exchange
                                                                                                                                                    
                                                                                                                                                    2,000
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    2,674(Decrease)
      increase  in cash during the period
                                                                                                                                                    
                                                                                                                                                    (16,306
                                                                                                                                                    )
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    255,035
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    2,684Cash,
      beginning of period
                                                                                                                                                    
                                                                                                                                                    18,990
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    10,366
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    -Cash,
      end of period
                                                                                                                                                    $
                                                                                                                                                    2,684
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    265,401
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    2,684Supplemental
      disclosure of non-cash investing and financing activities:Cash
      paid during the periodTaxes
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -Interest
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -Non-cash
      investing and financing transactions:Refundable
      deposits
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    26,100Acquisition
      of unproved mineral properties
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    (347,900
                                                                                                                                                    )Note
      payable to related party
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    (34,000
                                                                                                                                                    )Issuance
      of common stock
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    -
                                                                                                                                                    
                                                                                                                                                    
                                                                                                                                                    $
                                                                                                                                                    340,000






The
accompanying notes are an integral part of these financial
statements


F
- 4





WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES TO THE FINANCIAL STATEMENTS


August
31, 2008







NOTE
1 – ORGANIZATION AND BASIS OF PRESENTATION




Nature
of Operations





Wolverine
Exploration Inc. (“Wolverine”) was incorporated on February 23, 2006, under
the laws of the State of Nevada.  Wolverine’s principal business is
the acquisition and exploration of mineral resources in central Labrador,
Canada.  Wolverine has not presently determined whether its properties
contain mineral reserves that are economically recoverable. In these notes,
the terms “Company”, “we”, “us” or “our” mean Wolverine.





Exploration
Stage





These
financial statements and related notes are presented in accordance with
accounting principles generally accepted in the United States of
America.  The Company has not produced any revenues from its principal
business and is an exploration stage company as defined by Statement of
Financial Accounting Standard (SFAS) No. 7.





The
Company is in the early exploration stage.  In an exploration stage
company, management devotes most of its time to conducting exploratory work and
developing its business.  These financial statements have been
prepared on a going concern basis, which implies the Company will continue to
realize its assets and discharge its liabilities in the normal course of
business.  The Company has never paid any dividends and is unlikely to
pay dividends or generate earnings in the immediate or foreseeable
future.  The Company’s continuation as a going concern and its ability
to emerge from the exploration stage with any planned principal business
activity is dependent upon the continued financial support of its shareholders
and its ability to obtain the necessary equity financing and attain profitable
operations.





Basis
of Presentation





The
unaudited financial statements included herein have been prepared in accordance
with accounting principles generally accepted in the United States for interim
financial information and with the instructions to Form 10-Q and Article 8 of
Regulation S-X.  They do not include all information and notes
required by generally accepted accounting principles for complete financial
statements.  However, except as disclosed herein, there has been no
material changes in the information disclosed in the notes to the financial
statements included in the Annual report on Form S-1 of Wolverine Exploration
Inc. for the year ended May 31, 2008.  In the opinion of management,
all adjustments (including normal recurring accruals) considered necessary for a
fair presentation have been included.  Operating results for the three
months ended August 31, 2008 are not necessarily indicative of the results that
may be expected for any other interim period or the entire year.  For
further information, these unaudited financial statements and the related notes
should be read in conjunction with the Company’s audited financial statements
for the year ended May 31, 2008 included in the Company’s report on Form
S-1.











F
- 5




WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES





Reclassifications





Certain
prior period amounts in the accompanying financial statements have been
reclassified to conform to the current year’s presentation.  These
reclassifications had no effect on the results of operations or financial
position for any period presented.





Accounting
Estimates





The
preparation of the financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period.  Actual results could differ from those
estimates.





The
Company’s financial statements are based on a number of estimates, including
accruals for estimated professional fees.





Cash
and Cash Equivalents





For
purposes of the balance sheet and statement of cash flows, the Company considers
all amounts on deposit with financial institutions and highly liquid investments
with maturities of 90 days or less to be cash equivalents.  At August
31 and May 31, 2008, the Company did not have any cash equivalents.





Accounts
Receivable





At August
31 and May 31, 2008 the Company had $4,604 and $6,428 in goods and services tax
receivable from the Government of Canada.





Financial
Instruments





Foreign Exchange Risk





The
Company is subject to foreign exchange risk for transactions denominated in
foreign currencies.  Foreign currency risk arises from the fluctuation
of foreign exchange rates and the degree of volatility of these rates relative
to the United States dollar.  The Company does not believe that it has
any material risk due to foreign currency exchange.





Fair
Value of Financial Instruments





The
Company’s financial instruments include cash, accounts receivable, accounts
payable, accrued liabilities and accrued professional fees.  The fair
value of these financial instruments approximate their carrying values due to
their short maturities.








F
- 6


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES,
continued





Concentration
of Credit Risk





Financial
instruments that potentially subject the Company to significant concentrations
of credit risk consist principally of cash deposits.  At August 31,
and May 31, 2008, the Company had approximately $2,700 and $19,000, respectively
in cash that was not insured.  This cash is on deposit with a large
chartered Canadian bank.  As part of its cash management process, the
Company performs periodic evaluations of the relative credit standing of this
financial institution.  The Company has not experienced any losses in
cash balances and does not believe it is exposed to any significant credit risk
on its cash.





Foreign
Currency Translation





The
Company’s functional and reporting currency is the United States
dollar.  Monetary assets and liabilities denominated in foreign
currencies are translated in accordance with SFAS No. 52 Foreign Currency Translation,
using the exchange rate prevailing at the balance sheet date.  Gains
and losses arising on settlement of foreign currency denominated transactions or
balances are included in the determination of income.  Foreign
currency transactions are primarily undertaken in Canadian
dollars.  The Company has not to the date of these financial
statements, entered into derivative instruments to offset the impact of foreign
currency fluctuations.





Comprehensive
Income





Comprehensive
income reflects changes in equity that results from transactions and economic
events from non-owner sources.  At August 31 and May 31, 2008, the
Company had $2,674 and $674 respectively, in accumulated other comprehensive
income, from its foreign currency translation.





Long-lived Assets





At August
31 and May 31, 2008, the Company’s only long-lived assets were its mineral
properties.  Mineral properties whose costs are individually
significant are assessed individually.  Where it is not practicable to
assess individually, such properties may be grouped for an assessment of
impairment.  Impairment of mineral properties is estimated based on
primary lease terms, geologic data and average holding periods.  The
Company’s mineral properties are evaluated quarterly for the possibility of
potential impairment.  The Company has no other long-lived assets and
has not recognized any impairment losses with respect to its mineral
properties.  See related disclosures under the caption “Mineral
Property Costs.”











F
- 7


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES,
continued





Mineral
Property Costs





The
Company has been in the exploration stage since its inception on February 23,
2006 and has not yet realized any revenues from its planned
operations.  It is primarily engaged in the acquisition and
exploration of mining properties.  Mineral property exploration costs
are expensed as incurred.  Mineral property acquisition costs are
initially capitalized when incurred using the guidance in the Emerging Issues
Task Force (EITF) 04-02, Whether Mineral Rights are Tangible
or Intangible Assets.The Company assesses the carrying costs
for impairment under SFAS No. 144, Accounting for Impairment orDisposal of Long Lived Assets
at each fiscal quarter end.  An impairment is recognized when the sum
of the expected undiscounted future cash flows is less than the carrying amount
of the mineral property.  Impairment losses, if any, are measured as
the excess of the carrying amount of the mineral property over its estimated
fair value.





When it
has been determined that a mineral property can be economically developed as a
result of establishing proven and probable reserves, the costs then incurred to
develop such property, are capitalized.  Such costs will be amortized
using the units-of-production method over the estimated life of the proven and
probable reserves.  If mineral properties are subsequently abandoned
or impaired, any capitalized costs will be charged to operations.





Asset
Retirement Obligations





SFAS No.
143 (SFAS 143), Accounting for
Asset Retirement Obligations addresses financial accounting and reporting
for obligations associated with the retirement of tangible long-lived assets and
the associated asset retirement costs.  Specifically, SFAS 143
requires that the fair value of a liability for an asset retirement obligation
be recognized in the period in which it is incurred if a reasonable estimate of
fair value can be made.  In addition, the asset retirement cost is
capitalized as part of the asset’s carrying value and subsequently allocated to
expense over the asset’s useful life.  At August 31 and May 31, 2008,
the Company did not have any asset retirement obligations.





Recent
Accounting Pronouncements





In
September 2006, the FASB issued SFAS 158 (SFAS 158), Employers’ Accounting for Defined
Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements
No. 87, 88, 106, and 132(R).This statement requires an employer to
recognize the over funded or under funded status of a defined benefit
postretirement plan as an asset or liability in its statement of financial
position and to recognize changes in that funded status in the year in which the
changes occur through comprehensive income of a business entity.  This
statement also requires an employer to measure the funded status of a plan as of
the date of its year end statement of financial position, with limited
exceptions.  The Company will be required to initially recognize the
funded status of a defined benefit postretirement plan and to provide the
required disclosures as of the end of the fiscal year ending after December 15,
2006.  The requirement to measure plan assets and benefit obligations
as of the date of the employer’s fiscal year end statement of financial position
is effective for fiscal years ending after December 15, 2008, or June 1, 2008
for the Company.  Adoption of SFAS 158 did not have a material impact
on our financial statements.








F
- 8


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES, continued





Recent
Accounting Pronouncements, continued





In
February 2007, the FASB issued SFAS No. 159 (SFAS 159), The Fair Value Option for Financial
Assets and Financial Liabilities—Including an amendment of FASB Statement No.
115.  SFAS 159 permits entities to choose to measure many
financial instruments and certain other items at fair
value.  Unrealized gains and losses on items for which the fair value
option has been elected will be recognized in earnings at each subsequent
reporting date.  SFAS 157 was effective for the Company on June 1,
2008.  The adoption of SFAS 159 did not have a material impact on our
financial statements.





In June
2007, the EITF of the FASB reached a consensus on Issue No. 07-3, Accounting for Nonrefundable Advance
Payments for Goods or Services Received for Use in Future Research and
Development Activities(EITF 07-3).  EITF 07-3 requires that
non-refundable advance payments for goods or services that will be used or
rendered for future research and development activities must be deferred and
capitalized.  As the related goods are delivered or the services are
performed, or when the goods or services are no longer expected to be provided,
the deferred amounts must be recognized as an expense.  This issue is
effective for financial statements issued for fiscal years beginning after
December 15, 2007 and earlier application is not permitted.  This
consensus is to be applied prospectively for new contracts entered into on or
after the effective date.  EITF 07-03 was effective for the Company on
June 1, 2008.  The pronouncement did not have a material effect on our
financial statements.





In
December 2007, the FASB issued SFAS No. 141(R), Business Combinations(SFAS
141(R)), which replaces SFAS 141, Business
Combinations.  SFAS 141(R) requires an acquirer to recognize
the assets acquired, the liabilities assumed, and any non-controlling interest
in the acquiree at the acquisition date, measured at their fair values as of
that date, with limited exceptions.  This statement also requires the
acquirer in a business combination achieved in stages to recognize the
identifiable assets and liabilities, as well as the non-controlling interest in
the acquiree, at the full amounts of their fair values. SFAS 141(R) makes
various other amendments to authoritative literature intended to provide
additional guidance or to confirm the guidance in that literature to that
provided in this statement.  This statement applies prospectively to
business combinations for which the acquisition date is on or after the
beginning of the first annual reporting period beginning on or after December
15, 2008.  SFAS 141(R) will be effective for the Company on June 1,
2009.  We do not expect the adoption of SFAS 141(R) to have a
significant impact on our financial statements.











F
- 9


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES, continued





Recent
Accounting Pronouncements, continued





In
December 2007, the Emerging Issues Task Force (EITF) of the FASB reached a
consensus on Issue No. 07-1, Accounting for Collaborative
Arrangements(EITF 07-1).  The EITF concluded on the definition
of a collaborative arrangement and that revenues and costs incurred with third
parties in connection with collaborative arrangements would be presented gross
or net based on the criteria in EITF 99-19 and other accounting
literature.  Companies are also required to disclose the nature and
purpose of collaborative arrangements along with the accounting policies and the
classification and amounts of significant financial-statement amounts related to
the arrangements.  Activities in the arrangement conducted in a
separate legal entity should be accounted for under other accounting literature;
however, required disclosure under EITF 07-1 applies to the entire collaborative
agreement.  This issue is effective for financial statements issued
for fiscal years beginning after December 15, 2008, and interim periods within
those fiscal years, and is to be applied retrospectively to all periods
presented for all collaborative arrangements existing as of the effective date.
EITF 07-1 will be effective for the Company on June 1, 2009.  We do
not expect the adoption of EITF 07-1 to have a significant impact on our
financial statements.





In
December 2007, FASB issued SFAS No. 160, Noncontrolling Interests in
Consolidated Financial Statements(SFAS 160), which amends Accounting
Research Bulletin No. 51, Consolidated Financial
Statements, to improve the relevance, comparability, and transparency of
the financial information that a reporting entity provides in its consolidated
financial statements.  SFAS 160 establishes accounting and reporting
standards that require the ownership interests in subsidiaries not held by the
parent to be clearly identified, labeled and presented in the consolidated
statement of financial position within equity, but separate from the parent’s
equity.  This statement also requires the amount of consolidated net
income attributable to the parent and to the non-controlling interest to be
clearly identified and presented on the face of the consolidated statement of
income.  Changes in a parent’s ownership interest while the parent
retains its controlling financial interest must be accounted for consistently,
and when a subsidiary is deconsolidated, any retained non-controlling equity
investment in the former subsidiary must be initially measured at fair
value.  The gain or loss on the deconsolidation of the subsidiary is
measured using the fair value of any non-controlling equity
investment.  The statement also requires entities to provide
sufficient disclosures that clearly identify and distinguish between the
interests of the parent and the interests of the non-controlling
owners.  This statement applies prospectively to all entities that
prepare consolidated financial statements and applies prospectively for fiscal
years, and interim periods within those fiscal years, beginning on or after
December 15, 2008.  SFAS 160 will be effective for the Company on June
1, 2009.  We do not expect the adoption of SFAS 160 to have a
significant impact on our financial statements.





In
February 2008 the FASB staff issued Staff Position No. 157-2 (FSP FAS 157-2)
Effective date of FASB
Statement No.157.FSP FAS 157-2 delayed the effective date of
SFAS 157 for non-financial assets and non-financial liabilities, except for
items that are recognized or disclosed at fair value in the financial statements
on a recurring basis.  The provisions of FSP FAS 157-2 will be
effective for us on June 1, 2009.








F
- 10


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES, continued





Recent
Accounting Pronouncements, continued





In March
2008, the FASB issued SFAS No. 161 (SFAS 161), Disclosures about Derivative
Instruments and Hedging Activities – An Amendment of FASB Statement No. 133
(SFAS 133).This statement is intended to improve financial
reporting of derivative instruments and hedging activities by requiring enhanced
disclosures about (a) how and why an entity uses derivative instruments, (b) how
derivative instruments and related hedged items are accounted for under SFAS 133
and its related interpretations and (c) how derivative instruments and related
hedged items affect an entity’s financial position, financial performance and
cash flows.  The provisions of SFAS 161 are effective for fiscal years
beginning after November 15, 2008.  SFAS 161 will be effective for the
Company on June 1, 2009. We do not expect the adoption of SFAS 1611 to have a
significant impact on our financial statements.





In May
2008, FASB issued SFAS No. 162 (SFAS 162), The Hierarchy of Generally Accepted
Accounting Principles.  SFAS 162 identifies the sources of
accounting principles and the framework for selecting the principles used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with generally accepted accounting principles (GAAP) in
the United States (the GAAP hierarchy).  SFAS 162 is effective 60 days
following the SEC's approval of the Public Company Accounting Oversight Board
amendments to AU Section 411, The Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles.  We
do not expect the adoption of SFAS 162 to have a significant impact on our
financial statements.





In May
2008, FASB issued SFAS No. 163 (SFAS 163), Accounting for Financial Guarantee
Insurance Contracts—an interpretation of FASB Statement No.
60.  Diversity exists in practice in accounting for financial
guarantee insurance contracts by insurance enterprises under FASB Statement No.
60, Accounting and Reporting
by Insurance Enterprises.  That diversity results in
inconsistencies in the recognition and measurement of claim liabilities because
of differing views about when a loss has been incurred under FASB Statement No.
5, Accounting for
Contingencies.  This Statement requires that an insurance
enterprise recognize a claim liability prior to an event of default (insured
event) when there is evidence that credit deterioration has occurred in an
insured financial obligation.  This Statement also clarifies how Statement
60 applies to financial guarantee insurance contracts, including the recognition
and measurement to be used to account for premium revenue and claim liabilities.
 Those clarifications will increase comparability in financial reporting of
financial guarantee insurance contracts by insurance
enterprises.




This
Statement requires expanded disclosures about financial guarantee insurance
contracts.  The accounting and disclosure requirements of the Statement
will improve the quality of information provided to users of financial
statements.  SFAS 163 will be effective for financial statements issued for
fiscal years beginning after December 15, 2008, and interim periods within those
fiscal years; disclosure requirements in paragraphs 30(g) and 31 are effective
for the first period (including interim periods) beginning after May 23,
2008.  The adoption of SFAS 163 did not have a significant impact on
our financial statements.








F
- 11


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





2.  SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES, continued





Recent
Accounting Pronouncements, continued





On May 9,
2008, the FASB issued FASB Staff Position No. APB 14-1 (FSP APB 14-1), Accounting for Convertible Debt
Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash
Settlement).FSP APB 14-1 clarifies that convertible debt
instruments that may be settled in cash upon conversion (including partial cash
settlement) are not addressed by paragraph 12 of APB Opinion No. 14, Accounting for Convertible Debt and
Debt Issued with Stock Purchase Warrants.  Additionally, FSP
APB 14-1 specifies that issuers of such instruments should separately account
for the liability and equity components in a manner that will reflect the
entity's nonconvertible debt borrowing rate when interest cost is recognized in
subsequent periods.  FSP APB14-1 is effective for financial statements
issued for fiscal years beginning after December 15, 2008, and interim periods
within those fiscal years.  The Company has not yet evaluated the
impact that FSP APB 14-1 will have on its results of operations or financial
position.





On June
16, 2008, the FASB issued FASB Staff Position No. EITF 03-6-1 (FSP No. EITF
03-6-1), Determining Whether
Instruments Granted in Share-Based Payment Transactions Are Participating
Securities, to address the question of whether instruments granted in
share-based payment transactions are participating securities prior to
vesting.  FSP EITF 03-6-1 indicates that unvested share-based payment
awards that contain rights to dividend payments should be included in earnings
per share calculations.  The guidance will be effective for fiscal
years beginning after December 15, 2008.  The Company is evaluating
the requirements of FSP No. EITF 03-6-1 and the impact that its adoption will
have on the results of operations or financial position.





In June
2008, the FASB issued EITF Issue 07-5 (EITF 07-5), Determining whether an Instrument
(or Embedded Feature) is indexed to an Entity’s Own
Stock.  EITF No. 07-5 is effective for financial statements
issued for fiscal years beginning after December 15, 2008, and interim periods
within those fiscal years.  Early application is not
permitted.  Paragraph 11(a) of SFAS No. 133 Accounting for Derivatives and
Hedging Activities, specifies that a contract that would otherwise meet
the definition of a derivative but is both (a) indexed to the Company’s own
stock and (b) classified in stockholders’ equity in the statement of financial
position would not be considered a derivative financial
instrument.  EITF 07-5 provides a new two-step model to be applied in
determining whether a financial instrument or an embedded feature is indexed to
an issuer’s own stock and thus able to qualify for the SFAS No. 133 paragraph
11(a) scope exception.  The Company is currently evaluating the impact
that adoption of EITF 07-5 will have on its financial statements.





In June
2008, FASB released a proposed SFAS, Disclosure of Certain Loss
Contingencies, an amendment of FASB Statements No. 5 and 141) (the proposed Statement), for a
comment period that ended during August 2008.  The proposed statement
would (a) expand the population of loss contingencies that are required to be
disclosed, (b) require disclosure of specific quantitative and qualitative
information about those loss contingencies, (c) require a tabular reconciliation
of recognized loss contingencies and (d) provide an exemption from disclosing
certain required information if disclosing that information would be prejudicial
to an entity's position in a dispute.  The proposed statement would be
effective for financial statements issued for fiscal years ending after December
15, 2008, and for interim and annual periods in subsequent fiscal
years.  When and if the proposed statement is approved in final form
by FASB, the Company will evaluate whether the adoption of the proposed
statement will have any material impact on its financial position or results of
operations.








F
- 12


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE
3 – GOING CONCERN





These
financial statements have been prepared on a going concern basis, which implies
the Company will continue to realize its assets and discharge its liabilities in
the normal course of business. The Company has not generated any revenues
since inception and has never paid any dividends and is unlikely to pay
dividends or generate earnings in the immediate or foreseeable future.  The
continuation of the Company as a going concern is dependent upon the continued
financial support from its shareholders, the ability of the Company to obtain
necessary equity financing to continue operations, and the attainment of
profitable operations.  The Company’s ability to achieve and maintain
profitability and positive cash flows is dependent upon its ability to locate
profitable mineral properties, generate revenues from its mineral production and
control production costs.  Based upon current plans, the Company
expects to incur operating losses in future periods.  At August 31,
2008, the Company had working capital deficit of $212,503 and had
accumulated losses of $966,356 since inception.  These factors raise
substantial doubt regarding the Company’s ability to continue as a going
concern.  There is no assurance that the Company will be able to
generate revenues in the future.  These financial statements do not
give any effect to any adjustments that would be necessary should the Company be
unable to continue as a going concern and therefore be required to realize its
assets and discharge its liabilities in other than the normal course of business
and at amounts different from those reflected in the accompanying financial
statements.





NOTE
4 - RELATED PARTY TRANSACTIONS





Due
to Related Parties





The
following amounts were due to related parties at August 31 and May 31,
2008:





August
      31, 2008
                            
                            
                            May
      31, 2008Due
      to a director (a)
                            $
                            78
                            
                            
                            $
                            -Consulting
      fees due to a company controlled by a major shareholder
(b)
                            
                            26,400
                            
                            
                            
                            7,888Due
      to a major shareholder (c)
                            
                            17,000
                            
                            
                            
                            -Total
      due to related parties
                            $
                            43,478
                            
                            
                            $
                            7,888





(a)
            During
      the three months ended August 31, 2008 and 2007, the Company paid or
      accrued $7,407 and $5,744 in consulting fees to its
    director.





(b)
            During
      the three months ended August 31, 2008 and 2007, the Company paid or
      accrued $30,000 and $31,954 respectively, in consulting fees to company
      controlled by a major shareholder of the Company.  The Company
      also paid or accrued $2,963 and $2,950 respectively in rent to this
      company





(c)
            During
      the three months ended August 31, 2008, the Company borrowed $17,000 from
      a major shareholder.








F
- 13


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE
5 – UNPROVED MINERAL PROPERTIES





Vend-In
Agreement





(a)
            On
      February 27, 2007, the Company entered into a vend-in agreement whereby
      they agreed to acquire a 90% interest in four mineral licenses in central
      Labrador, Canada, comprised of 516 mineral claims covering an area of
      33,111 acres.  On February 28, 2007 the Company issued a $34,000
      promissory note and 34,000,000 in common shares to acquire this 90%
      interest.  The purchase price included a total of $26,100 in
      refundable staking security deposits.  These deposits were
      refunded to the Company in February 2008 (Notes
  6).





Under the
terms of the vend-in agreement, the Company is committed to spend approximately
$151,000 (CDN$150,000) on or before March 1, 2008 (spent), $188,217
(CDN$200,000) on or before March 1, 2009, and $235,280 (CDN$250,000) on or
before March 1, 2010 with the provision that any excess amount spent in one year
may be carried forward and applied towards fulfilment of the expenditure
requirements of a later year.





(b)
            On
      May 17, 2007, the Company purchased a 90% interest in one mineral license
      in central Labrador, Canada, comprised of 6 claims covering an area of 371
      acres for  cash of $321
(CDN$360).





Mineral
Exploration Licenses





The
mineral exploration licenses on the Company’s properties are for a term of five
years commencing at various dates from August 18, 2006 to May 17,
2007.  These licenses may be renewed every five years for up to a
maximum of twenty years provided annual assessment work is completed and
reported, and license renewal fees of $24 (CDN$25), $47 (CDN$50) and $94
(CDN$100) per claim are paid after five, ten and fifteen years
respectively.  In order to maintain the property in good standing the
Company is required to spend from $188 (CDN$200) per claim in the first year to
$1,136 (CDN$1,200) per claim in the twentieth year.  At August 31,
2008, all properties are in good standing.





At August
31, 2008, the Company had spent $239,124 (CDN$ 237,020) on exploration and
development expenditures.  These expenditures also qualify as
exploration expenditures under the terms of the Company’s mineral exploration
license and vend-in agreement. As of August 31, 2008, $224,055 (CDN$222,020) of
its expenditures were qualified by the Government of Newfoundland and
Labrador.





The
Company’s mineral properties are evaluated quarterly for the possibility of
potential impairment.  At August 31, 2008, no impairment charges were
recorded against our mineral properties.





NOTE
6 - COMMON STOCK





On April
3, 2006, the Company issued 4,000,000 common shares at $0.001 per share for cash
of $4,000 to its Director.





On June
13, 2006 the Company issued 2,750,000 common shares at $0.01 per share by way of
private placements for cash of $27,500.











F
- 14


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE
6 - COMMON STOCK, continued





During
April and May 2006, 850,000 of the Company’s common shares were subscribed for
at $0.01 per share for cash of $8,500.  Subsequent to May 31, 2006,
these share subscriptions were cancelled and the $8,500 was refunded to the
subscribers.





On
January 31, 2007 the Company issued 2,150,000 common shares at $0.01 per share
by way of private placements for total proceeds of $21,500.





On
February 26, 2007, the Company increased their authorized shares of common stock
from 75,000,000 to 200,000,000.





On
February 28, 2007 the Company issued 2,600,000 common shares at $0.01 per share
by way of private placements for cash of $26,000.





On
February 28, 2007 the Company issued 34,000,000 common shares at a deemed fair
value of $340,000 or $0.01 per share in partial payment for a 90% interest in
mineral licences.  (Note 5)





On March
30, 2007 the Company issued 1,600,000 common shares at $0.01 per share by way of
private placements for cash of $16,000.





On April
30, 2007 the Company issued 4,000,000 common shares at $0.01 per share by way of
private placements for cash of $40,000.





On May
31, 2007 the Company issued 1,100,000 common shares at $0.01 per share by way of
private placements for cash of $11,000.





On June
30, 2007 the Company issued 6,890,000 common shares at $0.01 per share by way of
private placements for cash of $68,900.





On July
31, 2007 the Company issued 2,550,000 common shares at $0.01 per share by way of
private placements for cash of $25,500.





On
September 7, 2007 the Company issued 2,000,000 common shares at $0.01 per share
by way of private placements for cash of $20,000.





On
September 8, 2007 the Company issued 2,890,000 common shares at $0.10 per share
by way of private placements for cash of $289,000.





On
October 5, 2007 the Company issued 1,000,000 common shares at $0.10 per share by
way of private placements for cash of $100,000.





On March
30, 2007, 100,000 of the Company’s common shares were subscribed for at $0.01
per share for cash of $1,000.  On November 2, 2007, these share
subscriptions were cancelled and the $1,000 refunded to the
subscriber.





On June
25, 2008 the Company issued 1,100,000 common shares at $0.10 per share for
shares that were subscribed to in the prior period.





On July
3, 2008 the Company approved an offering of up to 15 million units at a price of
$0.10 per share. Each unit consists of one common share and one warrant
exercisable for a period of two years at $0.15 per warrant.











F
- 15


WOLVERINE
EXPLORATION INC.


(AN
EXPLORATION STAGE COMPANY)


NOTES
TO THE FINANCIAL STATEMENTS


August
31, 2008





NOTE
7 – COMMITMENTS





Under the
terms of the vend-in agreement and the mineral exploration licenses the Company
is required to spend the following minimum amounts on exploration:





Future
      minimum payments
                        Vend-in
      Agreement2009
                        $
                        106,3242010
                        
                        235,2722011
                        
                        -2012
                        
                        -2013
                        
                        -After
      2013
                        
                        -Total
      future minimum payments
                        $
                        341,596








Consulting
Commitment





On
January 31, 2007, the Company entered into a consulting agreement with a company
controlled by a major shareholder.  Under the terms of the contract
the Company has agreed to pay $10,000 per month and issue a bonus of 5% of the
common shares in the event of the discovery of a major commercially viable
mineral resource deposit. The contract does not terminate until minimum term
ending on February 28, 2010.  Following which, the company and consultant
may agree to extend the contract.  At August 31, 2008, the Company has
the following future obligations under this contract:





Future
      minimum payments2009
                      $
                      120,0002010
                      
                      60,000Total
      future minimum payments
                      $
                      180,000








F
- 16


Item
2.  Management’s Discussion and Analysis of Financial Condition and
Results of Operation.





General





This
discussion should be read in conjunction with the May 31, 2008 audited financial
statements, the notes, and the tables included elsewhere in this 10-Q quarterly
statement.  Management’s discussion and analysis contains
forward-looking statements that are provided to assist in the understanding of
anticipated future performance.  However, future performance involves
risks and uncertainties that may cause actual results to differ materially from
those expressed in the forward-looking statements.  See
“Forward-looking Statements” below for more details.





Wolverine’s
principal business is the acquisition and exploration of base and precious metal
mineral properties.  Wolverine is focused on exploration of the
Labrador Claims.  Wolverine has not presently determined whether the
Labrador Claims contain mineral reserves that are economically
recoverable.  Wolverine has not commenced significant operations and
is considered an Exploration Stage Company, as defined by Statement of Financial
Accounting Standard (“SFAS”) No.7 Accounting and Reporting by
Development Stage Enterprises.





Forward-looking
Statements





This
quarterly report on Form 10-Q contains forward-looking statements within the
meaning of the federal securities laws that involve risks and
uncertainties.  Statements that are not historical facts, including
statements about management’s beliefs and expectations, are forward-looking
statements.  Forward-looking statements include statements preceded
by, followed by, or that include the words “may,” “could,” “would,” “should,”
“believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,”
“intend,” or similar expressions.  These statements include, among
others, statements regarding Wolverine’s current expectations, estimates and
projections about future events and financial trends affecting the financial
condition and operations of its business.  Forward-looking statements
are only predictions and not guarantees of performance and speak only as of the
date they are made.  Wolverine undertakes no obligation to update any
forward-looking statement in light of new information or future
events.





Although
management believes that the expectations, estimates and projections reflected
in the forward-looking statements are based on reasonable assumptions when they
are made, Wolverine can give no assurance that these expectations, estimates and
projections can be achieved.  Management believes the forward-looking
statements in this registration statement are reasonable; however, you should
not place undue reliance on any forward-looking statement, as they are based on
current expectations.  Future events and actual results may differ
materially from those discussed in the forward-looking
statements.  Factors that could cause actual results to differ
materially from Wolverine’s expectations include, but are not limited
to:





·
              fluctuating
      prices of mineral resources, including gold and
  copper,


·
              the
      impact of weather conditions and alternative energy sources on Wolverine’s
      sales volumes,


·
              changes
      in federal or state laws and regulations to which Wolverine is subject,
      including tax, environmental, and employment laws and
      regulations,


·
              conditions
      of the capital markets that Wolverine utilizes to access
      capital,


·
              the
      ability to raise capital in a cost-effective
  way,


·
              the
      effect of changes in accounting policies, if
  any,


·
              the
      ability of Wolverine to manage its
growth,


·
              the
      ability to control costs,


·
              Wolverine’s
      ability to achieve and maintain effective internal controls in accordance
      with Section 404 of the Sarbanes-Oxley Act of
  2002,


·
              Wolverine’s
      ability to obtain governmental and regulatory approval of various
      expansion or other projects,


·
              changes
      in general economic conditions in the United States and in Canada and
      changes in the industries in which Wolverine conducts its
      business,


·
              the
      costs and effects of legal and administrative claims and proceedings
      against Wolverine,






Page
- 19




Critical
Accounting Policies and Estimates





An
appreciation of Wolverine’s critical accounting policies is necessary to
understand its financial results.  These policies may require that
Wolverine to make difficult and subjective judgments regarding uncertainties; as
a result, the estimates may significantly impact its financial
results.  The precision of these estimates and the likelihood of
future changes depend on a number of underlying variables and a range of
possible outcomes.  Other than its accounting for mineral property
costs, Wolverine’s critical accounting policies do not involve the choice
between alternative methods of accounting.  Wolverine has applied its
critical accounting policies and estimation methods consistently.





Financial
Instruments





Concentration
of Credit Risk





Financial
instruments that potentially subject Wolverine to significant concentrations of
credit risk consist principally of cash.





At August
31, 2008, Wolverine had approximately $2,700 in cash that was not
insured.  Wolverine’s cash is on deposit with a major chartered
Canadian bank.  As part of Wolverine’s cash management process,
management performs periodic evaluations of the relative credit standing of
these financial institutions.  Wolverine has not suffered any losses
of cash and management does not believe that Wolverine’s cash is exposed to any
significant credit risk.





Revenue
Recognition





Wolverine
will record revenues from the sale of minerals when pervasive evidence of an
arrangement exists, delivery to the customer has occurred, risk of ownership or
title has transferred, and collectibility is reasonably assured.





Interest
income is recognized at the end of each month.





Unproved
Mineral Property Costs and Exploration and Development Costs





Wolverine
has been in the exploration stage since inception on February 23, 2006 and has
not yet realized any revenues from its operations.  Wolverine is
primarily engaged in the acquisition and exploration of mineral exploration
properties.  Wolverine expenses mineral property exploration costs as
they are incurred.  Mineral property acquisition costs are initially
capitalized, when incurred, using the guidance in the Emerging Issues Task Force
(“EITF”) 04-02, whether
Mineral Rights are Tangible or Intangible Assets.  Wolverine assesses
the carrying costs for impairment under SFAS No. 144, Accounting for Impairment or
Disposal of Long Lived Assets at each fiscal quarter end.  An
impairment is recognized when the sum of the expected undiscounted future cash
flows is less than the carrying amount of the mineral
property.  Impairment losses, if any, are measured as the excess of
the carrying amount of the mineral property over its estimated fair
value.  During the three months ended August 31, 2008, Wolverine did
not have any mineral property acquisition costs.





When it
has been determined that a mineral property can be economically developed as a
result of establishing proven and probable reserves, the costs then incurred to
develop such property, are capitalized.  Such costs will be amortized
using the units-of-production method over the estimated life of the proven and
probable reserves.  If mineral properties are subsequently abandoned
or impaired, any capitalized costs will be charged to operations.






Page
- 20


Long-Lived
Assets





Wolverine
accounts for long-lived assets under SFAS Nos. 142 and 144, Accounting for Goodwill and Other
Intangible Assets” and “Accounting for Impairment or
Disposal of Long-Lived Assets.  In accordance with SFAS 142 and
144, Wolverine reviews its long-lived assets for impairment whenever events or
changes in circumstances indicate that the carrying amount of an asset may not
be recoverable.  Wolverine recognizes impairment when the sum of the
expected undiscounted future cash flows is less than the carrying amount of the
asset.  Impairment losses, if any, are measured as the excess of the
carrying amount of the asset over its estimated fair
value.  Wolverine’s only long-lived assets are its unproven mineral
interests in the Labrador Claims.  At August 31, 2008, Wolverine had
no impairment losses with respect to its unproven mineral
interests.





Asset
Retirement Obligations





Wolverine
will record the fair value of an asset retirement obligation as a liability in
the period in which it incurs a legal obligation associated with the retirement
of tangible long-lived assets that result from the acquisition, construction,
development, or normal use of its long-lived assets.  Wolverine will
record a corresponding asset and will amortize it over the life of the
asset.  Wolverine will adjust the obligation at the end of each period
to reflect the passage of time (accretion expense) and changes in the estimated
future cash flows underlying the obligation (asset retirement
cost).  At August 31, 2008 Wolverine had no asset retirement
obligations.





Recent
Accounting Pronouncements





In
September 2006, FASB issued SFAS No. 157, Fair Value
Measurements.  SFAS No. 157 defines fair value, establishes a
framework for measuring fair value and enhances disclosures about fair value
measures required under other accounting pronouncements, but does not change
existing guidance as to whether or not an instrument is carried at fair
value.  The adoption of SFAS 157 did not have a material impact on
Wolverine’s financial statements.





In
February 2007, the FASB issued SFAS No. 159, The Fair Value Option for Financial
Assets and Financial Liabilities-including an amendment of
SFAS No. 115, Accounting for
Certain Investments in Debt and Equity Securities, which applies to all
entities with available-for-sale and trading securities.  This
statement permits entities to choose to measure many financial instruments and
certain other items at fair value.  The objective is to improve
financial reporting by providing entities with the opportunity to mitigate
volatility in reported earnings caused by measuring related assets and
liabilities differently without having to apply complex hedge accounting
provisions.  This statement is effective as of the beginning of an
entity’s first fiscal year that begins after November 15, 2007.  Early
adoption is permitted as of the beginning of a fiscal year that begins on or
before November 15, 2007, provided the entity also elects to apply the
provisions of FASB Statement No. 157, Fair Value
Measurements.  Wolverine does not expect the adoption of SFAS
159 to have a material impact on its financial statements as Wolverine did not
elect the fair value option for any of its financial assets or
liabilities.





In June
2007, the EITF of the FASB reached a consensus on Issue No. 07-3, Accounting for
Nonrefundable Advance Payments for Goods or Services Received for Use in Future
Research and Development Activities (“EITF 07-3”).  EITF 07-3 requires
that non-refundable advance payments for goods or services that will be used or
rendered for future research and development activities must be deferred and
capitalized.  As the related goods are delivered or the services are
performed, or when the goods or services are no longer expected to be provided,
the deferred amounts must be recognized as an expense.  This issue is
effective for financial statements issued for fiscal years beginning after
December 15, 2007 and earlier application is not permitted.  This
consensus is to be applied prospectively for new contracts entered into on or
after the effective date.  The adoption of EITF 07-03 did not have a
material effect on Wolverines unaudited financial statements.





In
February 2008 the FASB staff issued Staff Position No. 157-2 (“FSP FAS 157-2”)
Effective date of FASB
Statement No.157.FSP FAS 157-2 delayed the effective date of
SFAS 157 for non-financial assets and non-financial liabilities, except for
items that are recognized or disclosed at fair value in the financial statements
on a recurring basis.  The provisions of FSP FAS 157-2 will be
effective for Wolverine on June 1, 2009.






Page
- 21





In March
2008, the FASB issued SFAS No. 161 (“SFAS 161”), Disclosures about Derivative
Instruments and Hedging Activities – An Amendment of FASB Statement No.
133 (“SFAS 133”).  This statement
is intended to improve financial reporting of derivative instruments and hedging
activities by requiring enhanced disclosures about (a) how and why an entity
uses derivative instruments, (b) how derivative instruments and related hedged
items are accounted for under SFAS 133 and its related interpretations and (c)
how derivative instruments and related hedged items affect an entity’s financial
position, financial performance and cash flows.  The provisions of
SFAS 161 are effective for fiscal years beginning after November 15,
2008.  SFAS 161 will be effective for Wolverine on June 1,
2009.  Wolverine is currently evaluating the impact adoption of SFAS
161 may have on its financial statement disclosures.





In May,
2008, FASB issued SFAS No. 162 (“SFAS 162”), The Hierarchy of Generally Accepted
Accounting Principles. SFAS 162 identifies the sources of accounting
principles and the framework for selecting the principles used in the
preparation of financial statements of nongovernmental entities that are
presented in conformity with GAAP (the GAAP hierarchy). SFAS 162 is effective 60
days following the U.S. Securities and Exchange Commission’s approval of the
Public Company Accounting Oversight Board amendments to AU Section 411, The Meaning of Present Fairly in
Conformity With Generally Accepted Accounting Principles. Wolverine is
reviewing the effect, if any, the proposed guidance will have on its financial
statement disclosures.





On May 9,
2008, the FASB issued FASB Staff Position No. APB 14-1 (“FSP APB 14-1”), Accounting for Convertible Debt
Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash
Settlement).FSP APB 14-1 clarifies that convertible debt instruments
that may be settled in cash upon conversion (including partial cash settlement)
are not addressed by paragraph 12 of APB Opinion No. 14, Accounting for Convertible Debt and
Debt Issued with Stock Purchase Warrants.  Additionally, FSP
APB 14-1 specifies that issuers of such instruments should separately account
for the liability and equity components in a manner that will reflect the
entity's nonconvertible debt borrowing rate when interest cost is recognized in
subsequent periods.  FSP APB14-1 is effective for financial statements
issued for fiscal years beginning after December 15, 2008, and interim periods
within those fiscal years.  Wolverine has not yet evaluated the impact
that FSP APB 14-1 will have on its results of operations or consolidated
financial position.





On June
16, 2008, the FASB issued FASB Staff Position No. EITF 03-6-1 (“FSP EITF
03-6-1”, Determining Whether
Instruments Granted in Share-Based Payment Transactions Are Participating
Securities, to address the question of whether instruments granted in
share-based payment transactions are participating securities prior to vesting.
FSP EITF 03-6-1 indicates that unvested share-based payment awards that contain
rights to dividend payments should be included in calculations of earnings per
share.  The guidance will be effective for fiscal years beginning
after December 15, 2008.  Wolverine is evaluating the requirements of
FSP No. EITF 03-6-1 and the impact that the adoption will have on its results of
operations or financial position.





In June
2008, the FASB issued EITF Issue 07-5 (“EITF No. 07-5”), Determining whether an Instrument
(or Embedded Feature) is indexed to an Entity’s Own
Stock.  EITF No. 07-5 is effective for financial statements
issued for fiscal years beginning after December 15, 2008, and interim periods
within those fiscal years.  Early application is not permitted.
Paragraph 11(a) of SFAS No. 133 Accounting for Derivatives and
Hedging Activities, specifies that a contract that would otherwise meet
the definition of a derivative but is both (a) indexed to our own stock and (b)
classified in stockholders’ equity in the statement of financial position would
not be considered a derivative financial instrument.  EITF 07-5
provides a new two-step model to be applied in determining whether a financial
instrument or an embedded feature is indexed to an issuer’s own stock and thus
able to qualify for the SFAS No. 133 paragraph 11(a) scope
exception.  Wolverine is evaluating the impact that adoption of EITF
07-5 will have on its financial statements.





In June
2008, FASB released a proposed SFAS, Disclosure of Certain Loss
Contingencies, an amendment of FASB Statements No. 5 and 141) (the proposed Statement), for a
comment period that ended during August 2008. The proposed statement would (a)
expand the population of loss contingencies that are required to be disclosed,
(b) require disclosure of specific quantitative and qualitative information
about those loss contingencies, (c) require a tabular reconciliation of
recognized loss contingencies and (d) provide an exemption from disclosing
certain required information if disclosing that information would be prejudicial
to an entity's position in a dispute.  The proposed statement would be
effective for financial statements issued for fiscal years ending after December
15, 2008, and for interim and annual periods in subsequent fiscal
years.  When and if the proposed statement is approved in final form
by FASB, Wolverine will evaluate whether the adoption of the proposed statement
will have any material impact on its financial position or results of
operations.




Page
- 22





Foreign
Currency Translation





Wolverine’s
functional and reporting currency is the United States
dollar.  Wolverine determined that its functional currency is the
United States dollar for the following reasons:





·
            Wolverine’s
      current and future financings are and will be in United States
      dollars;


·
            Wolverine
      maintains cash holdings primarily in United States
  dollars;


·
            Any
      potential sales of minerals recovered from the Labrador Claims will be
      undertaken in United States
dollars;


·
            Wolverine’s
      administrative expenses are undertaken in United States
      dollars;


·
            All
      of Wolverine’s cash flows are generated in United States dollars;
      and


·
            Even
      though the Labrador Claims are located in Canada, and the exploration
      expenses are usually billed in Canadian dollars, Wolverine can request
      that these expenses be billed in United States
  dollars.





Monetary
assets and liabilities denominated in foreign currencies are translated in
accordance with SFAS No. 53 Foreign Currency Translation,
using the exchange rate prevailing at the balance sheet date.  Gains
and losses arising on settlement of foreign currency denominated transactions or
balances are included in the determination of income.  Foreign
currency transactions are primarily undertaken in Canadian
dollars.  Wolverine has not to the date of these financial statements,
entered into derivative instruments to offset the impact of foreign currency
fluctuations.





Related
Party Transactions





Texada
Consulting Inc. (Texada), a company controlled by a major shareholder, provides
consulting services to Wolverine.  Texada is paid a fee of $10,000 per
month plus expenses and rent.





Wolverine’s
president and sole director, Lee Costerd, is paid a consulting fee of $2,500 CDN
per month, but is not a salaried employee.





During
the three months ended August 31, 2008 related parties billed $37,407 in
consulting fees and $2,963 in office rent.  In relation to these fees,
Wolverine was indebted to Texada in the amount of $26,400 at August 31,
2008.  The amount due to Texada does not bear interest or have any
fixed terms of repayment.





At August
31,2008, Wolverine had $78 in accounts payable to its president and sole
director, Mr. Costerd; and $17,000 in advances payable to the major shareholder,
Mr. Biggar.





Page
- 23


Results
of Operations





Our
operating results for the three months ended August 31, 2008 and 2007 and the
changes between those periods for the expenses are summarized in Table
1.





Table 1: Changes in
Operating Expenses





IncreaseThree
      months ended August 31,
                                                      
                                                      
                                                      (decrease)2008
                                                      
                                                      
                                                      2007Operating
      Expenses:Administration
                                                      $
                                                      22,500
                                                      
                                                      
                                                      $
                                                      23,903
                                                      
                                                      
                                                      $
                                                      (1,403
                                                      )Advertising
      and  promotion
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      1,786
                                                      
                                                      
                                                      
                                                      (1,786
                                                      )Automobile
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      2
                                                      
                                                      
                                                      
                                                      (2
                                                      )Bank
      charges and interest
                                                      
                                                      97
                                                      
                                                      
                                                      
                                                      188
                                                      
                                                      
                                                      
                                                      (91
                                                      )Consulting
      fees
                                                      
                                                      37,407
                                                      
                                                      
                                                      
                                                      37,698
                                                      
                                                      
                                                      
                                                      (291
                                                      )Exploration
      and development costs
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      13,847
                                                      
                                                      
                                                      
                                                      (13,847
                                                      )Office
                                                      
                                                      79
                                                      
                                                      
                                                      
                                                      302
                                                      
                                                      
                                                      
                                                      (223
                                                      )Professional
      fees
                                                      
                                                      33,357
                                                      
                                                      
                                                      
                                                      22,264
                                                      
                                                      
                                                      
                                                      11,093Regulatory
                                                      
                                                      1,530
                                                      
                                                      
                                                      
                                                      527
                                                      
                                                      
                                                      
                                                      1,003Rent
                                                      
                                                      2,963
                                                      
                                                      
                                                      
                                                      2,950
                                                      
                                                      
                                                      
                                                      13Telephone
                                                      
                                                      2
                                                      
                                                      
                                                      
                                                      359
                                                      
                                                      
                                                      
                                                      (357
                                                      )Foreign
      exchange loss (gain)
                                                      
                                                      -
                                                      
                                                      
                                                      
                                                      1,369
                                                      
                                                      
                                                      
                                                      (1,369
                                                      )Net
      loss for the period
                                                      $
                                                      97,935
                                                      
                                                      
                                                      $
                                                      105,195
                                                      
                                                      
                                                      $
                                                      (7,260
                                                      )








Revenue





We had no
operating revenues since its inception on February 23, 2006, through to August
31, 2008.  Our activities have been financed from the proceeds of
share subscriptions.





Net
Loss





During
the three months ended August 31, 2008, Wolverine had a net loss of $97,935 or
$0.00 per share, which is a decrease of $7,260 from its net loss of $105,195 or
$0.00 per share for the three months ended August 31, 2007.  The
decrease in Wolverine’s loss was primarily due to a decrease in exploration and
development costs.





Operating
Expenses





Wolverine’s
operating expenses decreased by $7,260 from $105,195 for the three months ended
August 31, 2007, to $97,935 for the three months ended August 31,
2008.  The decrease was primarily due to the decrease in exploration
of the Labrador Claims and less expensive administrative and advertising
programs due to lack of additional debt or equity financings.  We
incurred higher professional fees due to regulatory compliance.








Page
- 24





Liquidity,
Capital Resources and Financial Position





Liquidity
is the ability of a company to generate funds to support its current and future
operations, satisfy its obligations, and otherwise operate on an ongoing
basis.  At August 31, 2008, Wolverine had a cash balance of $2,684 and
negative cash flows from operations of $18,306 for the three months ended August
31, 2008.





For the
three months ended August 31, 2008, Wolverine funded its operation through the
common stocks issued or subscribed in the prior periods.  From its
inception, on February 23, 2006 to August 31, 2008 Wolverine raised a total of
$759,400 from private offerings of its common stock that was issued and
subscribed.




The notes
to Wolverine’s unaudited financial statements as of August 31, 2008, disclose
its uncertain ability to continue as a going concern.  Wolverine has
not and does not expect to generate any revenues to cover its expenses while it
is in the exploration stage and as a result Wolverine has accumulated a deficit
of $966,356 since inception.  As of August 31, 2008, Wolverine had
$219,791 in current liabilities.  When its current liabilities are
offset against its current assets of $7,288 Wolverine is left with a negative
working capital of $212,503.  While Wolverine has successfully
generated sufficient working capital through the sale of common stock to the
date of this filing and management believes that Wolverine can continue to do so
for the next year, there are no assurances that Wolverine will succeed in
generating sufficient working capital through the sale of common stock to meet
its ongoing cash needs.





Net
Cash Used In Operating Activities





Net cash
used in operating activities during the three months ended August 31, 2008, was
$18,306.  This amount was made up of $97,935 to cover operating costs,
an increase of $1,824 in accounts receivable and reduction of $700 in accrued
liabilities.  These uses of cash were offset by increases of $31,711
in accounts payable, $11,204 in accrued professional fees mainly associated with
S-1 preparation, and an increase in due to related parties of
$35,590.





Net cash
used in operating activities during the three months ended August 31, 2007, was
$119,951.  We used $105,195 to cover our operating costs and paid
$41,394 in amounts owned to the related parties.  These uses of cash
were offset by increases of $4,984 in accounts payable and $20,080 in accrued
professional fees.  We received $1,574 cash from refundable deposit on
our mineral properties.





Net
Cash Used in Investing Activities





We did
not have any investing activities during the three months ended August 31, 2008
and August 31, 2007.





Net
Cash Provided By Financing Activities





We did
not have any financing activities during the three months ended August 31,
2008.





During
the three months ended August 31, 2007, we received $403,400 in cash on the
issuance of 9,440,000 shares of our common stock and subscriptions to 4,890,000
shares of our common stock, this was offset by payment of $28,414 on the note to
related party.






Page
- 25





Off-balance
sheet arrangements





Wolverine
has no off-balance sheet arrangements including arrangements that would affect
its liquidity, capital resources, market risk support and credit risk support or
other benefits.  Wolverine does not have any non-consolidated,
special-purpose entities.





Contingencies
and Commitments





Wolverine
had no contingencies at August 31, 2008.





Wolverine
had the following long term commitments at August 31, 2008:





·
            On
      January 31, 2007 Wolverine entered into a consulting agreement with Texada
      Consulting Inc.  The contract is for a period of three years and
      one month ending on February 28, 2010 (the “minimum
      term”).  Under the terms of the agreement Wolverine will pay
      Texada $10,000 per month plus expenses for consulting
      services.  If a major commercially viable mineral resource
      deposit is discovered, Wolverine will issue a bonus of 5% of the total
      common shares outstanding at the date bonus is paid.  If
      Wolverine does terminate the consulting agreement prior to the minimum
      term without cause, it will have to pay liquidated damages to Texada
      Consulting Inc.





·
            On
      February 27, 2007 Wolverine entered into a vend-in agreement with Shenin
      Resources Inc.  Under the terms of the vend-in agreement
      Wolverine is required to perform minimum exploration work on the Labrador
      Claims.  In the first year of the agreement, ending March 1,
      2008, Wolverine was required to spend CDN$150,000 (US$141,163) in mineral
      exploration on the Labrador Claims.  By March 1, 2009 an
      additional CDN$200,000 (US$188,218) must be spent and by March 1, 2010
      another CDN$250,000 (US$235,272).  Any extra money spent on
      exploration in one year may be applied to the minimum payments due in
      following years.  As of August 31, 2008 Wolverine has spent
      CDN$222,020 (US$224,054) on exploration and development work on the
      Labrador Claims. This work has been registered with the government of
      Newfoundland and Labrador.





·
            The
      government of Newfoundland and Labrador also requires minimum exploration
      work to be done on the Labrador Claims in order to keep the mineral lease
      agreements for the claims current.  Wolverine currently holds
      522 claims covering 33,482 acres in central Labrador.  Minimum
      expenditures of $200 CDN per claim in the first year, $250 CDN per claim
      in the second year, $300 CDN per claim in the third year, $350 CDN per
      claim in the fourth year, $400 CDN per claim in the fifth year, $600 CDN
      per claim in each of the sixth through tenth years, $900 CDN per claim in
      each of the eleventh through fifteenth years and $1,200 CDN per claim in
      each of the sixteenth through twentieth years of the claim are
      required.  Exploration expenditures that are applicable to the
      vend-in agreement are also applicable to the mineral lease agreements with
      the government of Newfoundland and Labrador.  In order to
      maintain the property in good standing with the government of Newfoundland
      and Labrador over the next 19 years, Wolverine will be required to spend a
      total of $1,854,300 (CDN$1,970,380) in exploration and development of the
      properties, of which Wolverine has already spent $224,054
      (CDN$222,020).





·
            The
      government of Newfoundland and Labrador also requires a $25 CDN per claim
      renewal fee in year five of a claim, $50 CDN per claim renewal fee in year
      ten of the claim and a $100 CDN per claim renewal fee in year fifteen of a
      claim.  These fees are not covered by the mineral exploration
      expenditures incurred on the Labrador Claims and will have to be paid by
      Wolverine in the respective years.





At August
31, 2008, Wolverine had spent an additional $15,070 (CDN$15,000) on the Labrador
Claims, which has not yet been registered and approved by the government of
Newfoundland and Labrador.  If the government authorizes these
payments as acceptable exploration expenditures then the total commitments under
the vend-in agreement will decrease by $15,070.




Page
- 26





Internal
and External Sources of Liquidity





To date
Wolverine has funded its operations from the sale of its common
stock.





Foreign
Exchange





Wolverine
is subject to foreign exchange risk for transactions denominated in foreign
currencies.  Foreign currency risk arises from the fluctuation of
foreign exchange rates and the degree of volatility of these rates relative to
the United States dollar.  Management does not believe that Wolverine
has any material risk due to foreign currency exchange.





Inflation





Management
does not believe that inflation will have a material impact on Wolverine’s
future operations.





Item
3.  Quantitative and Qualitative Disclosures About Market
Risk.





Wolverine
is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and
is not required to provide the information required under this
item.





Item
4.  Controls and Procedures.





Disclosure Controls and
Procedures





Disclosure
controls and procedures are designed to ensure that information required to be
disclosed in the reports filed or submitted under the Exchange Act is recorded,
processed, summarized and reported, within the time period specified in the
SEC’s rules and forms.  Management is responsible for establishing and
maintaining adequate internal control over financial reporting, as required by
Sarbanes-Oxley (SOX) Section 404 A.  Wolverine’s internal control over
financial reporting is a process designed under the supervision of Wolverine’s
Chief Executive Officer and Chief Financial Officer to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of Wolverine’s financial statements for external purposes in accordance with
U.S. generally accepted accounting principles.





As of
August 31, 2008, Wolverine has not completed the Internal Control over Financial
Reporting (“ICFR”)
documentation and testing.  However, management believes that the ICFR
is not effective.  Management assessed the effectiveness of
Wolverine’s internal control over financial reporting based on the criteria for
effective internal control over financial reporting established in Internal
Control—Integrated Framework issued by the COSO and SEC guidance on conducting
such assessments.  Based on that evaluation, management concluded
that, during the period covered by this report, such internal controls and
procedures were not effective to detect the possible inappropriate application
of US GAAP rules as more fully described below.  This was due to
deficiencies that existed in the design or operation of Wolverine’s internal
control over financial reporting that adversely affected its internal controls
and that may be considered to be material weaknesses.





The
matters involving internal controls and procedures that management considered to
be material weaknesses under the standards of the Public Company Accounting
Oversight Board were: (1) lack of a functioning audit committee and lack of a
majority of outside directors on Wolverine’s board of directors, resulting in
ineffective oversight in the establishment and monitoring of required internal
controls and procedures; (2) inadequate segregation of duties consistent with
control objectives; (3) insufficient written policies and procedures for
accounting and financial reporting with respect to the requirements and
application of US GAAP and SEC disclosure requirements; and (4) ineffective
controls over period end financial disclosure and reporting
processes.  The aforementioned material weaknesses were identified by
Wolverine’s Chief Financial Officer in connection with the review of Wolverine’s
financial statements as of August 31, 2008 and communicated the matters to
management.







Page
- 27





Management
believes that the material weaknesses set forth in items (2), (3) and (4) above
did not have an affect on Wolverine’s financial results.  However,
management believes that the lack of a functioning audit committee and lack of a
majority of outside directors on Wolverine’s board of directors, resulting in
ineffective oversight in the establishment and monitoring of required internal
controls and procedures can result in Wolverine’s determination to its financial
statements for the future years.





Wolverine
is committed to improving its financial organization.  As part of this
commitment, Wolverine will create a position when funds are available to
Wolverine to segregate duties consistent with control objectives and will
increase its personnel resources and technical accounting expertise within the
accounting function:  i) Appointing one or more outside directors to
its board of directors who will also be appointed to the audit committee of
Wolverine resulting in a fully functioning audit committee who will undertake
the oversight in the establishment and monitoring of required internal controls
and procedures; and ii) Preparing and implementing sufficient written policies
and checklists that will set forth procedures for accounting and financial
reporting with respect to the requirements and application of US GAAP and SEC
disclosure requirements.





Management
believes that the appointment of one or more outside directors, who will also be
appointed to a fully functioning audit committee, will remedy the lack of a
functioning audit committee and a lack of a majority of outside directors on
Wolverine’s Board.  In addition, management believes that preparing
and implementing sufficient written policies and checklists will remedy the
following material weaknesses:  (i) insufficient written policies and
procedures for accounting and financial reporting with respect to the
requirements and application of US GAAP and SEC disclosure requirements; and
(ii) ineffective controls over period end financial close and reporting
processes.  Further, management believes that the hiring of additional
personnel who have the technical expertise and knowledge will result proper
segregation of duties and provide more checks and balances within the
department.  Additional personnel will also provide the cross training
needed to support Wolverine if personnel turn over issues within the department
occur.  This coupled with the appointment of additional outside
directors will greatly decrease any control and procedure issues Wolverine may
encounter in the future.





Management
will continue to monitor and evaluate the effectiveness of Wolverine’s internal
controls and procedures and its internal controls over financial reporting on an
ongoing basis and are committed to taking further action and implementing
additional enhancements or improvements, as necessary and as funds
allow.





Changes in Internal
Controls





During
the quarter of the fiscal year covered by this report, there were no changes in
Wolverine’s internal controls or, to Wolverine’s knowledge, in other factors
that have materially affected, or are reasonably likely to materially affect,
these controls and procedures subsequent to the quarter of the fiscal year
covered by this report.





PART
II – OTHER INFORMATION





Item
1.  Legal Proceedings.





Wolverine
is not a party to any pending legal proceedings and, to the best of Wolverine’s
knowledge, none of Wolverine’s property or assets are the subject of any pending
legal proceedings.





Item
1A.  Risk Factors.





Wolverine
is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and
is not required to provide the information required under this
item.





Item
2.  Unregistered Sales of Equity Securities and Use of
Proceeds.





During
the quarter of the fiscal year covered by this report, (i) Wolverine did not
modify the instruments defining the rights of its shareholders, (ii) no rights
of any shareholders were limited or qualified by any other class of securities,
and (iii) Wolverine did not sell any unregistered equity securities, except as
disclosed below regarding Wolverine’s public offering.




Page
- 28





On
October 9, 2008, the Securities and Exchange Commission declared Wolverine’s
Form S-1 Registration Statement effective, file number 333-152343, permitting
Wolverine to offer up to 15,000,000 units at $0.10 per unit.  There is
no underwriter involved in this public offering.  To date, Wolverine
has not sold any units in this offering and has not received any
proceeds.  The offering period for the public offering will expire on
April 7, 2009 unless it is completed or terminated prior to that
date.





Item
3.  Defaults Upon Senior Securities.





During
the quarter of the fiscal year covered by this report, no material default has
occurred with respect to any indebtedness of Wolverine.  Also, during
this quarter, no material arrearage in the payment of dividends has
occurred.





Item
4.  Submission of Matters to a Vote of Security Holders.





No matter
was submitted to a vote of security holders through the solicitation of proxies
or otherwise, during the quarter of the fiscal year covered by this
report.





Item
5.  Other Information.





During
the quarter of the fiscal year covered by this report, Wolverine reported all
information that was required to be disclosed in a report on Form
8-K.





Item
6.  Exhibits





(a)
            Index
      to and Description of Exhibits





All
Exhibits required to be filed with the Form 10-Q are included in this quarterly
report or incorporated by reference to Wolverine’s previous filings with the
SEC, which can be found in their entirety at the SEC website at www.sec.gov under SEC
File Number 333-152343.





Exhibit
            Description
            Status3.1
            Articles
      of Incorporation of Wolverine Exploration Inc., filed as an Exhibit to
      Wolverine’s Form S-1 (Registration Statement) on July 15, 2008, and
      incorporated herein by reference.
            Filed3.2
            Bylaws
      of Wolverine Exploration Inc., filed as an Exhibit to Wolverine’s Form S-1
      (Registration Statement) on July 15, 2008, and incorporated herein by
      reference.
            Filed3.3
            Certificate
      of Amendment of Wolverine Exploration Inc., filed as an Exhibit to
      Wolverine’s Form S-1 (Registration Statement) filed on July 15, 2008 and
      incorporated herein by reference.
            Filed3.4
            Certificate
      of Registration of Extra-Provincial Corporation, filed as an Exhibit to
      Wolverine’s Form S-1 (Registration Statement) filed on July 15, 2008 and
      incorporated herein by reference.
            Filed10.1
            Vend-In
      Agreement dated February 28, 2007 between Wolverine and Shenin Resources
      Inc., filed as an Exhibit to Wolverine’s Form S-1 (Registration Statement)
      filed on July 15, 2008 and incorporated herein by
    reference.
            Filed10.2
            Consulting
      Agreement dated January 31, 2007 between Wolverine and Texada Consulting
      Inc., filed as an Exhibit to Wolverine’s Form S-1 (Registration Statement)
      filed on July 15, 2008 and incorporated herein by
    reference.
            Filed10.3
            Additional
      Property Agreement dated May 17, 2007 among Wolverine, Shenin Resources
      Inc. and Richard Haderer, filed as an Exhibit to Wolverine’s Form S-1
      (Registration Statement) filed on July 15, 2008 and incorporated herein by
      reference.
            Filed14
            Code
      of Ethics, filed as an Exhibit to Wolverine’s Form S-1 (Registration
      Statement) filed on July 15, 2008 and incorporated herein by
      reference.
            Filed31
            Certifications
      pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
            Included32
            Certification
      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
      the Sarbanes-Oxley Act of 2002.
            Included








Page
- 29




SIGNATURES





In
accordance with the requirements of the Securities Exchange Act of 1934,
Wolverine Exploration Inc. has caused this report to be signed on its behalf by
the undersigned duly authorized person.





WOLVERINE
EXPLORATION INC.










Dated:                      December 22,
2008                                          
 By:                    /s/ Lee
Costerd


Name:                     Lee Costerd


Title:                      Director, CEO, and
CFO


(Principal Executive
Officer


and Principal Financial
Officer)











Page
- 30














Exhibit
31



















Page
- 31




WOLVERINE
EXPLORATION INC.


CERTIFICATIONS
PURSUANT TO


SECTION
302 OF THE SARBANES-OXLEY ACT OF 2002






CERTIFICATION






I, Lee
Costerd, certify that:




1.  
I have reviewed this quarterly report on Form 10-Q for the quarter ending August
31, 2008 of Wolverine Exploration Inc.;




2.  Based
on my knowledge, this quarterly report does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this
report;




3.  Based
on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and
for, the periods presented in this report;




4. The
registrant’s other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and
have:




(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;




(b)
Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles;




(c)
Evaluated the effectiveness of the registrant’s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and




(d)
Disclosed in this report any change in the registrant’s internal control over
financial reporting that occurred during the registrant’s most recent fiscal
quarter (the registrant’s fourth fiscal quarter in the case of an annual report)
that has materially affected, or is reasonably likely to materially affect, the
registrant’s internal control over financial reporting; and




5.  The
registrant’s other certifying officers and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of
directors (or persons performing the equivalent functions):




(a) All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant’s ability to record, process, summarize and
report financial information; and




(b) Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant’s internal control over financial
reporting.






Date:  December
22, 2008






/s/
Lee Costerd


Lee
Costerd


Chief
Executive Officer




Page
- 32




WOLVERINE
EXPLORATION INC.


CERTIFICATIONS
PURSUANT TO


SECTION
302 OF THE SARBANES-OXLEY ACT OF 2002






CERTIFICATION




I, Lee
Costerd, certify that:




1.  
I have reviewed this quarterly report on Form 10-Q for the quarter ending August
31, 2008 of Wolverine Exploration Inc.;




2.  Based
on my knowledge, this quarterly report does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the
statements made, in light of the circumstances under which such statements were
made, not misleading with respect to the period covered by this
report;




3.  Based
on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all material respects the financial
condition, results of operations and cash flows of the registrant as of, and
for, the periods presented in this report;




4. The
registrant’s other certifying officers and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and
have:




(a)
Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;




(b)
Designed such internal control over financial reporting, or caused such internal
control over financial reporting to be designed under our supervision, to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles;




(c)
Evaluated the effectiveness of the registrant’s disclosure controls and
procedures and presented in this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and




(d)
Disclosed in this report any change in the registrant’s internal control over
financial reporting that occurred during the registrant’s most recent fiscal
quarter (the registrant’s fourth fiscal quarter in the case of an annual report)
that has materially affected, or is reasonably likely to materially affect, the
registrant’s internal control over financial reporting; and




5.  The
registrant’s other certifying officers and I have disclosed, based on our most
recent evaluation of internal control over financial reporting, to the
registrant’s auditors and the audit committee of the registrant’s board of
directors (or persons performing the equivalent functions):




(a) All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant’s ability to record, process, summarize and
report financial information; and




(b) Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant’s internal control over financial
reporting.






Date:  December
22, 2008






/s/
Lee Costerd


Lee
Costerd


Chief
Financial Officer




Page
- 33














Exhibit
32















Page
- 34









CERTIFICATION
PURSUANT TO


18
U.S.C. SECTION 1350,


AS
ADOPTED PURSUANT TO


SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002









In
connection with the Quarterly Report of Wolverine Exploration Inc. (the
“Company”) on Form 10-Q for the period ending August 31, 2008 as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), I, Lee
Costerd, President, Chief Executive Officer of the Company and a member of the
Board of Directors, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that:






(1)
        The Report fully complies with the requirements of section 13(a) or
      15(d) of the Securities Exchange Act of 1934;
  and






(2)
        The information contained in the Report fairly presents, in all
      material respects, the financial condition and results of operations of
      the Company.















/s/
Lee Costerd


Lee
Costerd


Chief
Executive Officer






December
22, 2008






Page
- 35






CERTIFICATION
PURSUANT TO


18
U.S.C. SECTION 1350,


AS
ADOPTED PURSUANT TO


SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002













In
connection with the Quarterly Report of Wolverine Exploration Inc. (the
“Company”) on Form 10-Q for the period ending August 31, 2008 as filed with the
Securities and Exchange Commission on the date hereof (the “Report”), I, Lee
Costerd, Chief Financial Officer of the Company and a member of the Board of
Directors, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002, that:






(1)
        The Report fully complies with the requirements of section 13(a) or
      15(d) of the Securities Exchange Act of 1934;
  and






(2)
        The information contained in the Report fairly presents, in all
      material respects, the financial condition and results of operations of
      the Company.











/s/
Lee Costerd


Lee
Costerd


Chief
Financial Officer






December
22, 2008




Page
- 36