WINNIPEG, MANITOBA--(Marketwire - Jan. 18, 2010) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) announces that drilling is scheduled to commence on or around January 22, 2010, on the Company's 100% owned Jeep project, 14 kilometres east of Bissett, MB. The Jeep Property (4,016 ha) hosts the past producing Jeep mine with historical production of approximately 18,000 tons of ore at an average gold grade of 0.78 oz/ton (non 43-101).

Targets of the planned 2,500m drill program include:

1. Downplunge extensions of recent (summer 2009) surface discoveries of gold bearing structures located within a 500 m radius of the Jeep mine shaft.

2. Extensions of gold intersections from Wildcat's past drill programs.

3. Potential downplunge extension of the historical #1 vein below the underground mine workings.

Prior work by the Company has included an airborne electromagnetic and magnetometer survey, a mobile metal ion survey, induced polarization survey and 10,945 m of drilling (45 holes) completed during the 2006-2008 seasons. The drill programs intersected gold and anomalous copper-nickel-platinum group elements concentrations along a 2.2 kilometre trend, striking from the mine shaft area to the SE, along an azimuth of 110 degrees.

John Knowles, Wildcat's CEO, says, "This program has been planned by our geological team under the leadership of Wildcat's newly-appointed V.P. Exploration, Tom Lewis. It marks the first Wildcat program of 2010 and will be funded from our recent, well-received flow through financing."