Wildcat Exploration Ltd.
TSX VENTURE : WEL

Wildcat Exploration Ltd.

August 25, 2014 08:00 ET

Wildcat - Doe Run Canadian Exploration Alliance Intersects Zn-Pb-Cu-Ag Mineralization at Island Lake, New Brunswick

WINNIPEG, MANITOBA--(Marketwired - Aug. 25, 2014) - Wildcat Exploration Ltd. (TSX VENTURE: WEL) is pleased to announce that the initial diamond drill hole ("DDH") in the current year's work program at the Island Lake property has intersected zinc-lead-copper-silver ("Zn-Pb-Cu-Ag") mineralization.

Assays of samples from DDH IL-2014-001 included 2.38% Zn, 0.55% Pb, 0.11% Cu, and 19.11 g/t Ag across 7.6 metres from 500.4 m to 508.0 m down the hole. The interval included a higher-grade zone of 9.34% Zn, 1.38% Pb, 0.47% Cu, and 50.64 g/t Ag across 1.6 metres. The Island Lake Property is located 4 km southeast of the former Heath Steele Mine, in Northumberland County, N.B.

Drilling commenced in early July, and has focused on mineralization detected by previous operators, as well as early stage geophysical-geochemical-geological targets. DDH IL-2014-001 was collared on the northeast portion of the Railroad Zone, to test the down dip potential of an earlier hole, RRD-01-04. This hole had intersected 4.0 % Zn equivalent across 3.0 metres.

The mineralization is hosted in feldspar phyric felsic volcanic rocks, believed to belong to the Flat Landing Brook Formation. The zone is marked by strong sericitic alteration, lesser chlorite, and late quartz and quartz-feldspar veining. The mineralization consists mainly of massive to semi-massive lenses and fracture-filled and disseminated sulphides consisting of sphalerite, galena, pyrite and chalcopyrite.

Further drilling is under way at the Railroad Zone and the Roche Long Lac Zone, as part of a planned program of approximately 2,500 m of diamond drilling.

Tom Lewis, Wildcat's VP of Exploration commented, "I am encouraged by the strong alteration associated with the mineralization, and pleasantly surprised by the high silver values. It is early days, with more drilling required, and I look forward to our future results".

The Alliance is a strategic, base metal exploration agreement between Wildcat and Doe Run Canadian Exploration ULC ("Doe Run Canadian"), a British Columbia registered company (see news release December 11, 2012). Under the terms of the Alliance, properties are acquired and held by Doe Run Canadian, subject to Wildcat's right, under certain circumstances, to earn up to a 30% interest in one or more properties.

Drill intercept widths in this release represent metres down hole, not true width, calculation of which is pending geological interpretation.

Wildcat's exploration program is managed by Tom Lewis, P. Eng., a Qualified Person as defined by NI 43-101, who has reviewed all technical information in this release.

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. In addition, Wildcat is the manager of the Wildcat - Doe Run Canadian Exploration Alliance, which explores in Canada for base metal deposits.

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.

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