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Message: News release - I wish SKP could release someting on what they did last year

News release - I wish SKP could release someting on what they did last year

posted on Dec 15, 2009 10:54AM

WILDCAT EXPLORATION LTD.

PRESS RELEASE

Channel Sampling Extends Gold and Silver Mineralization at Showing #2, Jeep Project, Bissett MB

Winnipeg, Manitoba; December 15, 2009

Wildcat Exploration Ltd. (Wildcat) (WEL: TSX-V) is pleased to announce the results of a channel sampling program

conducted on the Company’s 100% controlled Jeep property, 13 kms east of Bissett, MB, in the Rice Lake greenstone

belt.

An additional 30 m of gold and silver mineralization strike length has now been added to Showing #2, supplementing

previously announced results on this showing (see News Release September 16, 2009). The showing is located 180

m west of the shaft of the historical Jeep Gold Mine. A total of 70 m of strike length is now confirmed at Showing #2.

Showing #2 consists of a sharply defined quartz and quartz carbonate vein hosted in a ductile shear zone, within

gabbro. The vein is mineralized with disseminated pyrite, pyrrhotite and arsenopyrite. Wildcat previously sampled this

vein for 40 m on strike yielding up to 9.60 g/t Au and 0.8 g/t Ag across 0.86 m. Based on these encouraging results

Wildcat continued exposing this vein for an additional 30 metres on strike. An additional 14 channel samples cut

perpendicular to the mineralized shear zone at 2.5 m spacing yielded up to 4.29 g/t Au and 0.9 g/t Ag over 0.70 m

(See table). Wildcat exposed a crosscutting shear zone that intersects the shear zone on the northeast side of the

exposure and channel sample JP17385, collected near the intersection of these two shears , yielded 2.61 g/t Au over

1 m.

Channel Samples Showing #2

Channel Sample # Gold (Au g/t) Silver (Ag g/t) Channel Lengths

JP17368

0.45 1.2 87 cm

JP17369

1.36 1.3 75 cm

JP17370

1.09 1.2 110 cm

JP17371

0.43 1.4 73 cm

JP17372

1.36 1.3 104 cm

JP17373

1.37 1.3 80 cm

JP17374

1.93 1.3 85 cm

JP17375

0.15 1.3 58 cm

JP17376

0.49 1.2 60 cm

JP17377

0.45 1.6 70 cm

JP17378

1.72 1.4 90 cm

JP17379

4.9 1.4 60 cm

JP17380

4.97 1.1 75 cm

JP17381

0.04 0.9 50 cm

JP17382

4.29 0.9 70 cm

JP17383

<.005 0.7 75 cm

JP17384

0.03 0.5 50 cm

JP17385

2.61 1.9 100 cm

These sample results conclude trenching and sampling efforts undertaken by Wildcat Exploration Ltd. in 2009. The

total length of newly exposed quartz carbonate veins sampled from four separate showings during the Company’s

summer 2009 Jeep exploration program is approximately 400 metres. A total of 109 channel samples and 75 grab

samples have been taken, all within a 500 metre radius of the historic Jeep mine shaft.

All samples were submitted to TSL Laboratories Inc. in Saskatoon, Saskatchewan, an ISO 17025 accredited assay

lab, which uses standard industry practices for sample preparation and analysis. Wildcat's exploration program is

managed by Peter Theyer, P.Geo, a Qualified Person as defined by NI 43-101, who has reviewed all technical

information in this release.

About Wildcat Exploration Ltd.

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio

includes: (1) several precious metal properties in the Rice Lake greenstone belt in Manitoba, (2) the Reed Lake base

metal and PGE property in the Flin Flon greenstone belt in Manitoba and (3) the Foster River zinc-lead-silver project in

Saskatchewan. As the Company builds its property portfolio, Wildcat welcomes proposals from owners of advanced

Canadian exploration properties.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information on the Company please visit our website at www.wildcat.ca or contact us at info@wildcat.ca.

The Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on

the SEDAR website (www.sedar.com).

Source: Wildcat Exploration Ltd.

John Knowles, President CEO

Suite 203, 1780 Wellington Avenue

Winnipeg, Manitoba, R3H 1B3

Phone: (204) 944-8916

Fax: (204) 944-8918

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 forwardlooking

information, including risks associated with the mineral exploration and mining industry such as economic

factors, government regulation and approvals, environmental risks, success of exploration activities, future commodity

prices, capital expenditures, requirements for additional capital, changes in project parameters as plans continue to be

refined, conclusions of economic evaluations, the Company's history of operating losses and uncertainty of future

profitability. Important factors that pertain to the risks and uncertainties associated with the Company's business are

discussed more fully in the Company's disclosure documents filed from time to time with the Canadian securities

regulators and available on www.sedar.com. Although Wildcat has attempted to identify important factors that could

cause actual results to differ materially from those contained in forward-looking information, there may be other factors

that cause results not to be as anticipated, estimated or intended. 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.

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