Wolves 1 (Olofinjana 87)
Plymouth Argyle 0
Seyi Olofinjana's late goal against Plymouth wasn't enough to propel Wolves into the play-offs.
Agonisingly, Mick McCarthy's team missed out on an extension to the season by goal difference after Watford came from behind at Blackpool to take a point.
Karl Henry returned from injury in place of Darron Gibson as the only change to the Wolves' starting line-up.
Wanderers kicked-off attacking the South Bank end and that was where the action was centred in the opening stages with a first minute Andy Keogh cross being booted clear before Krisztian Timar had to head a Matt Jarvis centre over his own crossbar.
Sylvan Ebanks-Blake turned his marker before firing wide from 20-yards as Wolves continued their siege on the Argyle goal. In the first 15 minutes, Wayne Hennessey's only action was to field a Jody Craddock back pass.
Former Molineux youth player Jermaine Easter was booked following a shove on Gary Breen after Plymouth had been awarded a free-kick.
Both sides had an opportunity in the 18th minute. Timar's attempt to clear Keogh's low cross hit Ebanks-Blake and bounced to Michael Kightly who fired wide, and when the visitors broke clear Rory Fallon shot into the side netting although Hennessey had his near post covered.
Wolves continued to press and Matt Doumbe had to head clear a searching cross from Kightly. But there was a moment of danger for the home goal when Russell Anderson cut into the box and delivered a low cross that Hennessey managed to cut out at full stretch.
Doumbe was yellow carded for a terrible tackle on Jarvis who had to receive treatment before continuing. But Kightly's free-kick, from the left of the area, was over-hit and the ball drifted harmlessly wide.
Jarvis raced onto a short pass from George Elokobi but his shot from an acute angle hit the side netting, and in stoppage time Keogh just failed to get a foot to Olofinjana's driven centre.
Half-Time: Wolves 0 Plymouth 0
The breakthrough almost arrived shortly after the restart when Kightly sent a sent a short diagonal pass to Ebanks-Blake who fired in a low cross that hit a defender and then Keogh before bouncing narrowly wide.
Plymouth responded with a glancing header from Jamie Mackie that Hennessey took at the second attempt after a cross from Steven MacLean.
Kightly's low cross was just too far in front of Keogh and, after Henry had been booked for a late challenge on Mackie, Anderson's last ditch tackle stopped Ebanks-Blake from having a clear run at goal.
Anderson's trip on Elokobi just outside the Argyle box resulted in a yellow card for the Scottish defender shortly before Freddy Eastwood was sent on in place of Keogh.
Henry miscued a 20-yard shot after Ebanks-Blake had laid the ball into his path, then Jarvis had a fierce shot blocked by a defender after Olofinjana had delivered a short pass into the area.
Play was then held up for several minutes when Timar suffered a nasty head injury after connecting with the back of Elokobi's head. The Plymouth skipper was eventually carried off on a stretcher with his head and neck in a brace.
There were just three minutes of normal time remaining when Olofinjana struck the winner. Kevin Foley found Eastwood whose lofted pass dropped into the path of Olofinjana - his lob beating Luke McCormick and bouncing into the net.
Then, shortly after the goal celebrations had died down, the crowd erupted again after a radio report had wrongly announced that Blackpool had been awarded a penalty against Watford. But the euphoria quickly died down when it became apparent that it was misinformation.
In the eight minutes of added time, Luke Summerfield's long-range shot took a hefty deflection and flew narrowly wide but Wolves deserved their win after lengthy periods of dominance against the south coast side.
Wolves: Hennessey, Foley (Elliott 90), Elokobi, Henry, Craddock, Breen (capt), Kightly (Gray 85), Keogh (Eastwood 65), Ebanks-Blake, Olofinjana, Jarvis.
Unused subs: Collins, Stack.
Booking: Henry (61 - foul).
Plymouth: McCormick, Doumbe, Timar (capt) (Folly 78), Anderson, Abdou, Mackie, Fallon, Sawyer, Summerfield, Clark (Teale 69), Easter (MacLean 45).
Unused subs: Smith, Larrieu.
Bookings: Easter (15 - ungentlemanly conduct), Doumbe (30 - foul), Anderson (61 - foul), Fallon (83 - ungentlemanly conduct).
Referee: M. Pike.
Attendance: 26, 293.
Goldrush Lucky 4 Half-Time Draw v Plymouth Argyle: 12 - 13 - 14 - 18.
