Wildcat Exploration Ltd.

Wildcat Exploration Ltd.

June 25, 2009 08:30 ET

Wildcat Exploration Ltd. Encounters New Gold Showings at Jeep Project, Bissett Manitoba

WINNIPEG, MANITOBA--(Marketwire - June 25, 2009) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce initial results from examination of areas of the Jeep property recently modeled (See Press Release June 1, 2009) as potentially gold-hosting mineralized quartz veins. The Jeep project is located 13 kilometres east of Bissett, MB and consists of 26 contiguous claims totaling 4,016 ha, 100% owned by the Company.

Commencing in May, 2009, Wildcat geologists conducted preliminary stripping and sampling in several areas of the property, the first being along strike from a modeled quartz-hosting shear zone, located approximately 300 m northwest of the historic Jeep gold mine shaft. This work disclosed a shear zone 10 m in length hosting quartz. Grab samples contained flakes of visible gold and assays returned 1.47 g/t and 35.59 g/t gold. A second quartz exposure 2 m in length located approximately 90 m northwest along the main structural trend (110 degree trend) yielded a grab sample that contained 1.77 g/t gold. Samples taken from the host rock surrounding the quartz mineralization did not return significant assay grades.

Wildcat intends to further investigate this promising mineralization using mechanical and hydraulic stripping to determine the possible continuity of these gold-bearing quartz veins. This program will be followed by close-spaced sampling and assaying. Pending these results a drill program will be scheduled for fall 2009.

Sampling in other areas of the property, also motivated by the geological model developed by the Company, has been carried out and the results are being analyzed. Wildcat's model incorporates all known historical geophysical, geochemical and drilling data on the property, including its own 2006-2008 drilling programs, details of which are set out on the Company's website.

The Jeep project is one of four main project areas, totaling 26, 449 hectares owned by Wildcat in the Rice Lake greenstone belt.

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

About Wildcat Exploration Ltd.

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) the Foster River zinc project in Saskatchewan, (2) three gold properties and one gold and platinum group element (PGE) property in the Rice Lake greenstone belt in Manitoba, and (3) two base metal and PGE properties in the Snow Lake area of Manitoba. As the Company builds its property portfolio, Wildcat welcomes proposals from owners of advanced Canadian exploration properties.

For further information on the Company please visit our website at www.wildcat.ca or contact us at info@wildcat.ca. The Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on the SEDAR website (www.sedar.com).

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. Important factors that pertain to the risks and uncertainties associated with the Company's business are discussed more fully in the Company's disclosure documents filed from time to time with the Canadian securities regulators and available on www.sedar.com. Although Wildcat has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Wildcat Exploration Ltd.
    John Knowles
    President CEO
    (204) 944-8916
    (204) 944-8918 (FAX)
    Wildcat Exploration Ltd.
    Suite 203, 1780 Wellington Avenue
    Winnipeg, Manitoba, R3H 1B3
    Email: info@wildcat.ca
    Website: www.wildcat.ca