Wildcat Exploration Sells Three Properties to San Gold

Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it has
agreed to sell three of its four exploration properties in the Rice Lake, MB
area to San Gold Corporation ("San Gold"). The three properties, Poundmaker,
Mike Power and Jeep (the "Properties"), were under option to San Gold pursuant
to an August, 2011 agreement, and were nearing the end of the second year of the
option.


Consideration for the sale includes $200,000 cash, $250,000 of shares in San
Gold (subject to regulatory approval) and a 2% net smelter returns royalty
payable on any future production from the Properties. San Gold will pay a
further $250,000 to Wildcat over ten years as an advance royalty. The agreement
also provides for a $1 million payment to Wildcat if 500,000 oz or more of gold
resources on the Properties are confirmed in a NI 43-101 compliant technical
report within four years following the closing date. San Gold has undertaken to
complete the exploration expenditure requirements under the second year of the
option agreement and then to make $100,000 of exploration expenditures per year
during the four years following closing.


In the Rice Lake area Wildcat has retained the Siderock property, comprising 25
claims (4,249 hectares) approximately 2.5 km east of the eastern Jeep property
boundary and 28 km east of Bissett, MB.


"This deal gives us continued upside exposure in the Rice Lake camp through the
royalty, shares of San Gold and success payment," commented John Knowles,
Wildcat's President and CEO. "At the same time, the cash, shares and advance
royalty payments improve our ability to pursue opportunities with other
partners."


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 prepared drill programs for its Burntwood MB
project (gold, nickel), Reed Lake MB project (copper, zinc) and McVicar ON
project (gold), which are subject to availability of partners or other funding
sources. In addition, Wildcat is the manager of the Wildcat - Doe Run Canadian
Exploration Alliance which is exploring in New Brunswick for base metal
deposits.


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

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy and accuracy of this release.


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
www.wildcat.ca


CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 ext. 231
cathy@chfir.com

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