Mr. John Knowles of Wildcat reports

WILDCAT REPORTS PRIVATE PLACEMENT TO SAN GOLD FOLLOWING COMPLETION OF SHARE CONSOLIDATION

Wildcat Exploration Ltd., subject to regulatory approval, has completed a non-brokered private placement of shares to San Gold Corp. for proceeds of $250,000, pursuant to renewal of the option of three properties in the Rice Lake gold camp to San Gold (see news release dated Aug. 30, 2012).

The option agreement with San Gold provides for private placements of $250,000 as part of the consideration for annual renewal (see news release dated August 10, 2011). The shares issued to San Gold were priced at $0.20 per share.

Wildcat's Jeep, Mike Power and Poundmaker properties are under option to San Gold whereby San Gold can earn an 80% interest in the properties by carrying out $5.1 million of exploration expenditures over 4 years and making cash payments of $1 million in total and subscribing to $1 million of Wildcat shares. The current private placement completes the requirements for the renewal of the option for a second year.