Wildcat Exploration Ltd. Settles Litigation

Winnipeg, Manitoba; February 19, 2010
Wildcat Exploration Ltd. (Wildcat) (WEL: TSX-V) is pleased to announce that it has resolved the action and all counterclaims in the Prizant v. Wildcat Exploration Ltd. et al matter in which a former executive of Wildcat had made claims for defamation and wrongful dismissal in the approximate amount of $13 million. Pursuant to the settlement, no party is required to make any payment, the action and counterclaims will be dismissed on a without costs basis and the parties will exchange mutual releases.

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.