Sol Prizant

Yes Forex Inc.

April 03, 2007 17:37 ET

Concerned Wildcat Shareholders Announce:

Canada's Leading Proxy Voting and Corporate Governance Authority Recommends Shareholders Vote to Remove the Existing Board of Directors and Support the "White" Proxy

TORONTO, ONTARIO--(CCNMatthews - April 3, 2007) - Sol Prizant and Yes Forex Inc. (the "Concerned Wildcat Shareholders") announced today that they have been advised by Institutional Shareholder Services Canada Corp. (ISS Canada), Canada's leading independent authority on proxy voting and corporate governance that ISS is recommending that the current board of directors of Wildcat be removed and replaced with the nominees of the Concerned Wildcat Shareholders as reflected in the "WHITE" PROXY issued by the Concerned Wildcat Shareholders for the Special Meeting of Shareholders of Wildcat Exploration on April 12, 2007.

"We are pleased that Institutional Shareholder Services agrees with the Concerned Wildcat Shareholders' recommendations." said Sol Prizant. "This recommendation continues to validate our cause and we welcome such evaluations of corporate governance issues in our market place."

ISS made its recommendation that shareholders vote AGAINST management's proxy and vote "FOR" the Concerned Wildcat Shareholders' "WHITE" proxy after reviewing both proxy circulars. In making its recommendations, ISS stated that:

- "We support the dissident nominees generally. Taking into consideration that share performance improved significantly under Prizant's leadership and the fact that turnover of senior executives at Wildcat has been high even prior to Mr. Prizant's tenure due to apparent inability to work under the direction of the current board, we are inclined to believe that a change in board leadership may be in the best interest of shareholders."

- "PWC's only conclusion is "based on our preliminary investigation some or all of the expenditures may be questionable". PWC has not spoken to key individuals, including Mr. Prizant, to get information in respect of any of the questions raised in their preliminary report. The report is obviously not complete and, as such, cannot be relied upon as proof of wrongdoing."

- "The dissident circular counters effectively and reasonably most of the allegations against Mr. Prizant by the management circular. In addition, the dissident nominees of the board will not stop the PWC's investigation; rather, they believe a complete report after questioning Mr. Prizant will exonerate him of any wrongdoing."

- "While we find that both circulars admit that there might be no formal board approval in respect of the change of auditors, we believe the board did have knowledge of the proposed replacement which would benefit the company."

ISS has been providing advisory and voting services on over 3,000 Canadian companies to leading pension funds, investment managers, mutual funds and other institutional shareholders since 1987. Its parent company, Institutional Shareholder Services, Inc. is the world's leading provider of proxy voting and corporate governance services with over 20 years of experience.

Permission to use the information set out in this news release was neither sought nor obtained from ISS. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Shareholders having questions or requiring assistance in voting their WHITE proxy should call Shareholder Response toll-free at 1-866-925-9121.

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