Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it has
received the cash and share consideration for the sale of 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.


The cash payment of $200,000 and a total of 2,380,952 shares of San Gold were
received. In addition, Wildcat has retained a 2% net smelter returns royalty
payable on any future production from the Properties and will receive a total of
$250,000 in cash payments 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.


"While we progressed towards the sale transaction, our geologists were busy
managing work in the Wildcat-Doe Run Canadian Exploration Alliance," commented
John Knowles, Wildcat's President and CEO. "Drilling is in progress at the
Island Lake and Sewell Brook base metal properties, which are held by Doe Run
Canadian Exploration ULC and in which Wildcat has an earn-in right."


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