Mr. John Knowles reports

WILDCAT EXPLORATION ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Wildcat Exploration Ltd. has arranged a non-brokered private placement of up to three million units at a price of five cents per unit for gross proceeds of up to $150,000. Each unit will consist of one common share of the company and one share purchase warrant, with each warrant exercisable to purchase one common share of the company at a price of 6.5 cents per common share for a period of two years from the date of issue.

The offering shall include two parts: a private placement to existing shareholders of Wildcat under a new prospectus exemption process as set out in Multilateral CSA Notice 45-313 (and in similar instruments in provinces of Canada except for Ontario and Newfoundland and Labrador) and a non-brokered private placement to all other eligible investors in accordance with applicable TSX Venture Exchange rules and securities laws.

The proceeds of the offering will be applied for general corporate purposes and advancing technical expertise in support of the Wildcat-Doe Run Canadian exploration alliance, which is exploring the Island Lake zinc-lead-copper-silver discovery in New Brunswick.

Existing shareholders of the company are encouraged to participate in the proposed existing shareholder private placement and are invited to contact the company by e-mail at info@wildcat.ca or by telephone at 204-944-8916 or toll-free at 1-877-243-3087, for additional information.

Only Wildcat shareholders that, as of the close of business on Dec. 10, 2014, held common shares of Wildcat and continue to hold common shares at the time of closing may participate in the existing shareholder private placement. Unless the Wildcat shareholder is a person that has obtained advice regarding the suitability of the investment and, if such shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in such jurisdiction, the aggregate subscription cost to such shareholder for the units subscribed under the existing shareholder private placement cannot exceed $15,000 (300,000 units). Existing shareholders that are residents of the provinces of Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Quebec, Saskatchewan, Yukon, Northwest Territories and Nunavut may participate in the existing shareholder private placement and existing shareholders resident in countries other than Canada may need to meet the applicable eligibility requirements, if any, in their jurisdiction of residence to participate. Shareholders resident in Ontario and Newfoundland and Labrador are not permitted to participate in the existing shareholder private placement.

The maximum offering under the existing shareholder private placement shall be the balance of the offering not sold through the concurrent offering to institutional and eligible accredited investors and no minimum number of units and minimum dollar amount raised has been set. If the aggregate subscriptions for units under the existing shareholder private placement exceed the maximum number of units proposed to be distributed, subscriptions will be accepted on a first-come, first-served basis, such that it is possible that a subscription received from a shareholder may not be accepted by the company if the offering is oversubscribed. The board of directors will decide on whether or not to increase the size of the placement to accommodate the oversubscription. The terms and completion of the offering are subject to TSX Venture Exchange approval.

In connection with the concurrent offering, the company may pay a finder's fee of up to 6 per cent of the gross proceeds raised from the financing and may issue finders' warrants to purchase up to 180,000 common shares at a price of 6.5 cents per share for two years, in connection with investors introduced by the finder to the company.

We seek Safe Harbor.