Sol Prizant

Yes Forex Ltd.

April 12, 2007 19:16 ET

Court Orders Adjournment of Wildcat Shareholder Meeting and Appointment of Independent Chairman for Meeting

TORONTO, ONTARIO--(CCNMatthews - April 12, 2007) -


Sol Prizant and Yes Forex Ltd. (the "Concerned Wildcat Shareholders") announce today that by order of Justice McKelvey of the Manitoba Court of the Queen's Bench, the Special Meeting of Shareholders of Wildcat originally scheduled to be held today has been adjourned for two weeks until April 26, 2007. In addition, the court ordered that an individual independent of the Board of Directors of Wildcat and their counsel be appointed as Chairman of the Special Meeting.

The following are excerpts from the court order:

"The Special Meeting of Shareholders of the respondent Wildcat Exploration Ltd. (the "Corporation") to be held at 10:00 am on Thursday, April 12, 2007 (the "Special Meeting") at the Victoria Inn, 1808 Wellington Avenue, Winnipeg, Manitoba ("Victoria Inn") be adjourned to Thursday, April 26, 2007 at 10:00 am at an appropriate location to be determined by the Corporation."

"Jerrold Siemens ("Siemens"), Robert Dzisiak, Denis Fillion, Joseph Baylis (collectively called the "Board") and/or their counsel or counsel of the Corporation or such other person or entity that may be affiliated with the Board be restrained and enjoined from acting as chairperson of the Special Meeting..."

"Joel Lazer of Lazer Grant LLP, or a suitable alternative, be appointed to act as Chairman of the Special Meeting with the power and authority to exercise all discretion and make all decisions that would otherwise be available to the Corporation, the Board or Siemens as Chairman."

The court order was granted in order to allow all registered and non-registered shareholders adequate time to vote their shares in Wildcat and to ensure that the shareholder meeting is conducted in a fair and unbiased manner for the benefit of all stakeholders in Wildcat.

The shareholders of Wildcat are asked to carefully review the Concerned Wildcat Shareholders information circular dated March 23, 2007 sent to shareholders and available at and The shareholders are also asked to carefully consider the recommendation of Institutional Shareholder Services Canada Corp. (ISS Canada), Canada's leading independent authority on proxy voting and corporate governance, that the current board of directors of Wildcat be removed and replaced with the nominees of the Concerned Wildcat Shareholders.

Shareholders are asked to vote the WHITE proxy previously sent to them in support of the Concerned Wildcat Shareholders and return it by fax to (416) 364-1827 and then by mail to Olympia Transfer Services Inc. Suite 920, 120 Adelaide Street West, Toronto, Ontario M5H 1T1. TIME IS OF THE ESSENCE as proxies must be received by on or before 5:00 p.m. on Monday, April 23, 2007 in order to ensure that they are registered within the cut off deadline of 48 hours before the time of the meeting. Shareholders are asked not to sign or return the Blue form of proxy sent to them by the current board. If shareholders have already voted the blue form and wish to change their vote, they may revoke their vote by voting the WHITE proxy.

If shareholders have any questions or require any assistance in voting their WHITE proxy, they are asked to call Shareholder Response Group at 1-866-925-9121.

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