Mr. Don O'Sullivan reports

SALE OF TMPL

Pacific Wildcat Resources Corp. has signed a conditional agreement of the sale of the company's 100-per-cent interest in Tantalum Mineracao e Prospeccao Ltda. (TMPL), owner of the Muiane tantalum mine in Mozambique to an arm's-length private Seychelles company, Novak Holdings Ltd.

The transaction is subject to conditions precedent, customary to a transaction of this type, including but not limited to, regulatory approval, as well as the release of the security on the asset as previously granted to European Projects Products and Services International Ltd.

The consideration to be paid for the purchase of TMPL and the forgiveness of any loans payable back to Pacific Wildcat from TMPL is $251,315 (U.S.), made up as follows:

• The payment of $1,315 (U.S.) for the purchase of 100 per cent of the issued capital of TML Muscadine Ltd., being 50,000 shares;
• The payment in cash to Pacific Wildcat at the closing by Newco of $250,000 (U.S.) for the payment in full of all the Pacific Wildcat loans to TML Muscadine Ltd., which is the original vendor of the TMPL asset and owner of the gemstone rights to the Muiane property.

The company's chairman, Don O'Sullivan, said: "The sale of the TMPL [asset] allows the company to look for new opportunities and reduces the company's working capital requirements. The Pacific Wildcat team is currently actively looking at other assets and will update the market in due course."

The company will provide further information as the transaction progresses.

We seek Safe Harbor.