Wildcat announces non-brokered private placement

Wildcat Exploration Ltd. has arranged, subject to regulatory approval, a non-brokered private placement to raise up to $1 million by issuing up to 10 million shares in a combination of flow-through common shares and non- flow through units.

The flow-through common shares (Flow-Through Shares) will be issued at $0.10 per share, and the units (Units) will be issued at $0.10 per Unit. Each Unit is comprised of one non-flowthrough common share and one warrant entitling the holder to purchase one additional common share for $0.20 for two years from the closing date.

Proceeds from the sale of the Flow-Through Shares will be used for exploration of the Company’s projects in Canada and proceeds from the sale of the Units will be used for working capital purposes. The Company may pay a finder’s fee of up to 7% of the gross proceeds raised from the financing and may issue finders’ warrants to purchase up to 700,000 common shares at a price of $0.20 per share for two years, in connection with investors introduced by the finder to the Company.

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) the Foster River zinc project in Saskatchewan, (2) three gold properties and one gold and platinum group element (PGE) property in the Rice Lake greenstone belt in Manitoba, and (3) two PGE properties in the Snow Lake area of Manitoba.