Wildcat Reports Results from the Chellow Vein on its McVicar Property

Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it has
completed rock channel samples on the Chellow Vein at the McVicar property in NW
Ontario. Assay results confirm that the vein is gold-bearing and a drilling
program is planned to further investigate the mineralization. The best assay to
date is 18.21 g/t gold across 15 cm (see table below). The sampling was
conducted earlier this month, in channels cut and chiseled across the surface
expression of the vein. 


The property is located 80 km west of Pickle Lake and 35 km northwest and along
strike from the former Golden Patricia Mine, which produced 450,000 oz
(13,995,000 g) of gold grading 19.9 g/t (0.64 oz/t) gold from 1988 to 1997.


Wildcat staked the McVicar property in 2010, and has completed an airborne
magnetic and radiometric survey and field mapping and sampling programs. The
McVicar property is host to five gold occurrences, and at least three styles of
gold mineralization, including disseminated and stockwork quartz vein gold
mineralization in a tonalite intrusion at Shonia, shear hosted gold at the
Altered Zone, and vein-type gold mineralization at the Sor, Jay and Chellow
occurrences. The Chellow channel sample assay results are set out in the
following table.




----------------------------------------------------------------------------
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  Au g t    Ag ppm   Width (cm)       TYPE                HOST ROCK         
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   18.21      0.8       15 cm     rock channel      blue-grey quartz vein   
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   4.39       0.4       26 cm     rock channel      blue-grey quartz vein   
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          less than                                                       
   4.18       0.2       11 cm     rock channel      blue-grey quartz vein   
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          less than                                                       
   0.96       0.2       11 cm     rock channel      blue-grey quartz vein   
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          less than                                                       
   1.51       0.2       14 cm     rock channel      blue-grey quartz vein   
----------------------------------------------------------------------------
          less than                                                       
   0.31       0.2       15 cm     rock channel      blue-grey quartz vein   
----------------------------------------------------------------------------
          less than                                                       
   0.03       0.2       34 cm     rock channel      blue-grey quartz vein   
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   4.87       0.3       7 cm      rock channel      blue-grey quartz vein   
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   1.95       2.3       22 cm     rock channel      blue-grey quartz vein   
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    4.6       1.2       18 cm     rock channel      blue-grey quartz vein   
----------------------------------------------------------------------------
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The Chellow Vein is exposed for approximately 100 metres, and tracks along a
steeply dipping shear zone trending west northwest. The vein pinches and swells
on surface up to widths of 34 cm and parallel veins have been mapped and sampled
up to 50 metres either side of the Chellow Vein. Wildcat geologists have
demonstrated that the vein is open along strike in both directions and down dip.
The vein is inadequately tested to date, having been intersected by only two of
the previous six holes in the area. 


Tom Lewis, VP of Exploration commented: "Recent channel sampling across the
Chellow Vein has demonstrated that it is a target worth drilling. The discovery
hole for the Golden Patricia Mine intersected 8.6 g/t Au across 1.5 m, and the
deposit went on to average 19.9 g/t during its mine life. Given the variability
of gold mineralization in terms of grades and widths, the Chellow structure
warrants further exploration." 


Wildcat's exploration program is managed by Tom Lewis, P.Eng., a Qualified
Person as defined by NI 43-101, who has reviewed all technical information in
this release.


About Wildcat 

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base
metals in Canada. Its portfolio includes: (1) the Jeep, Mike Power and
Poundmaker gold properties under option to San Gold Corporation, together with
two additional gold exploration properties in the Rice Lake greenstone belt in
Manitoba, (2) the McVicar gold property in the Uchi subprovince of Ontario, (3)
the Reed Lake base metal property in the Flin Flon-Snow Lake greenstone belt in
Manitoba, (4) the Burntwood property in the Thompson Nickel Belt in Manitoba and
(5) the Foster zinc-lead-silver property in Saskatchewan. 


For further information on Wildcat, please visit www.wildcat.ca.

Cautionary Note 

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This news release may
contain "forward-looking information", within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, but is not limited
to, statements with respect to Wildcat's exploration program and plans.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "believes", "plans", "seeks", "expects",
"budget" or variations of such words or statements that certain actions, events
or results may, could, will, will be, would be or are expected to be.
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of Wildcat to be materially different from those
expressed or implied by such forward-looking information. There can be no
assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. Wildcat does not undertake to update any forward-
looking information, except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wildcat Exploration Ltd.
John Knowles
President & CEO
(204) 944-8916
info@wildcat.ca


CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 ext. 231
cathy@chfir.com
Wildcat Exploration Ltd. (TSXV:WEL)
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