Pacific Wildcat Resources Corp.

Pacific Wildcat Resources Corp.

August 31, 2011 09:00 ET

PAW Signs Conditional Memorandum of Understanding with Community Group

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Canada: Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") is pleased to announce it has entered into a conditional Memorandum of Understanding ("MOU") with the Kaya Mrima Self Help Group ("KMSHG"). The KMSHG is registered with the Ministry of Home Affairs, National Heritage and Sports and the Ministry of Gender and Children Affairs in Kenya as an organization representing the local community at Mrima Hill including the villages surrounding the Mrima Hill Niobium and Rare Earth Deposit. The parties are to prepare and sign a formal agreement within a period of three months.

The terms of the MOU are confidential but are typical of community agreements in providing benefits for the community whilst Cortec Mining Kenya ("CMK") with technical assistance from PAW undertake exploration activities at the Mrima Hill property in Kenya and also complete all such activities as necessary to seek approval for a Mining License ("ML"). Such ML will be subject to normal application process including completion of an Environmental Impact Assessment and ML Application.

This formalizes many months of discussion with the KMSHG and focuses on assisting the Mrima Hill Community with education, health, culture, protection of biodiversity and business development pursuits in conjunction with employment and local contracting opportunities. As part of the formalization of the process the parties will work together with the applicable government agencies to register the entity as the Mrima Hill Trust.

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PAW's President Mr. Darren Townsend commented, "We are very pleased to have signed this MOU with the KMSHG. We look forward to working with the community and applicable government agencies in putting in place a formal agreement and the governance structures. We remain firmly committed to working with the community and the Government with a view towards obtaining a Mining License for the Mrima Hill project."


Darren Townsend, President

Investors are cautioned that trading in the securities of Pacific Wildcat Resources Corp. should be considered highly speculative. Cautionary note: This press release contains forward looking statements, particularly those regarding cash flow, capital expenditures, work programs, the estimation of mineral resources and the Company's plans with respect to the exploration and development of its projects and its investment plans. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. There can be no assurance that the Company will be able to obtain a mining licence or any of the permits that are required in order to commence mining operations at the Mrima Hill Project.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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