Drilling Commences on Wildcat's Rice Lake Properties

Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that the
winter drill program has commenced on its Rice Lake area properties optioned to
San Gold Corporation ("San Gold"). The program started in mid-February, and San
Gold intends to complete more than 9,000 metres of diamond drilling prior to
spring break-up. 


San Gold's 2013 drilling plans for Wildcat's properties include approximately
seventeen holes with an average core length of 500 metres. The focus will be the
Mike Power property, which is located immediately west of San Gold's properties
at Bissett, MB. Targets in the current drill program include the west-northwest
trending Rice Lake shear and sub-parallel shear zones, cross-cutting shears and
the unconformity at the base of the San Antonio formation. At the Rice Lake
mine, structural traps and lithologic contacts are productive sites for gold
deposition.


In August 2011, Wildcat optioned its Mike Power, Poundmaker and Jeep properties
to San Gold under a multi-year agreement. This agreement was made following
mineral exploration work by Wildcat, including drilling in early 2011 in which a
wide shear zone of intermittent, anomalous gold mineralization along 180 metres
of strike length was intersected in three holes (see news release March 23,
2011). Recently, San Gold re-inspected and re-assayed the core from Wildcat's
holes MP-11-01, 06 and 07 on the Mike Power property. The results confirmed
Wildcat's earlier conclusion that intermittent elevated gold mineralization
exists across assayed core lengths of up to 150 metres. As a consequence, San
Gold is focusing its current exploration efforts in the vicinity of the
gold-bearing shear zones. 


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. It manages exploration on its own properties in Ontario,
Manitoba and Saskatchewan and has optioned three properties in the Rice Lake
Greenstone Belt of Manitoba to San Gold Corporation which is carrying out
exploration programs. In addition, Wildcat is the manager of the Wildcat - Doe
Run Canadian Exploration Alliance which explores in Canada for base metal
deposits.


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

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