Striker Luke Wall grabbed a hat-trick as Rovers rallied from three goals down to earn a share of the spoils at Brockhall.
Rovers started poorly with Wolves catching their young opponents out with three goals from three corner kick routines inside the opening twenty minutes.
The deficit was reduced on the half hour when Ryan Nyambe played Chike Kandi through on goal and he squared for Luke Wall to score from six yards.
Just before half-time Wall then grabbed his second, reacting the quickest after Jack Doyle's free-kick was spilled by the visiting goalkeeper.
Rovers started the second half with more urgency and deservedly drew level on 50 minutes.
It came from a sensational run from left back Liam Langford who charged forward unopposed before unleashing a superb right-footed shot that deflected into the back of the net.
Rovers continued to force the pace but they didn't have the quality to pick off Wolves, and paid the price when the visitors hit the home side on the break to score with a lobbed effort to go back in front 4-3.
To their credit the young Rovers kept going and were rewarded when a fourth goal was scored towards the end, a hat-trick strike from Luke Wall.
The forward showed great anticipation to rob the ball off a Wolves defender before advancing and rounding the goalkeeper to score.
"I think it was a valuable lesson in terms of development for the lads," said coach Brian Carey.
"They were a different propposition to what we have been used to, it was a different game for us.
"We didn't mark our set-pieces right and paid the price, but we showed a fantastic spirit to keep going and congratulations to Luke Wall on his hat-trick."
ROVERS: Fisher, Nyambe, Wharton, Edgar, Langford (sub Platt 60 mins), Hardcastle, Doyle, Joel, Cheik, Kandi (sub Callaway 90+4 mins), Wall.
Subs not used: Beauchamp, Mols, Mahew.