Ms. Letitia Cornacchia reports

WILDCAT DRILL RESULTS INCLUDE 100 METRES OF 153 GRAMS PER TONNE SILVER, 13.8% MANGANESE, 4.25% ZINC, 3.72% LEAD AND 0.19% COPPER

Wildcat Silver Corp. has released the results of four additional drill holes completed on the company's flagship Hermosa property (formerly the Hardshell project)* located in Santa Cruz county, Arizona.

"These results continue to support our view that there is considerable potential to expand the resource," said Wildcat's president and chief executive officer Chris Jones. "Further, in addition to the high-grade silver we have encountered, we have also intersected significant intervals of byproduct metals."

Of the four holes reported, three holes were step-out holes (hole HDS-113, HDS-121 and HDS-123). A total of 23 holes have been drilled in the current program for a total of 6,250 metres, of which seven holes (five step-out holes) have been reported to date.

Step-out holes

Hole HDS-113 is located on the northwest corner of the currently defined Hermosa resource. It represents one of the thickest intervals drilled to date and has encountered significant intervals of silver and manganese mineralization from 20.4 metres below the surface to 236.9 metres. Significant intersections include:

• An upper zone 39 metres at depth which intersected 18.4 metres of 69.4 grams per tonne (g/t) silver, 0.78 per cent manganese, 0.30 per cent zinc, 0.51 per cent lead and 0.03 per cent copper. This forms a near-surface blanket of mineralization that has not been quantified in the current resource estimate and provides further potential to significantly add to the resource;
• A manganese oxide zone in the manto which intersected 100.3 metres of 153.4 g/t silver, 13.79 per cent manganese, 4.25 per cent zinc, 3.72 per cent lead and 0.19 per cent copper;
• Hole HDS-123 is located northeast of the current Hermosa resource. This drill hole contains two well-defined intervals including 57.9 metres of 61.2 g/t silver, 16.29 per cent manganese, 4.16 per cent zinc, 2.59 per cent lead and 0.10 per cent copper;
• Hole HDS-121 is located on the eastern edge of the Hermosa resource. This drill hole contains two well mineralized intervals including an interval of 13.7 metres of 332.9 g/t silver, 7.43 per cent manganese, 0.31 per cent zinc, 4.35 per cent lead and 0.14 per cent copper and an interval of 16.8 metres of 114.9 g/t silver, 1.72 per cent manganese, 0.95 per cent zinc, 0.87 per cent lead and 0.05 per cent copper.

Infill hole

Hole HDS-120 is located at the extreme south end of the Hermosa resource. This drill hole encountered four zones of significant silver and/or manganese mineralization, including an upper zone that intersected 27.4 metres from the surface of 55.3 g/t silver.

A summary of the drill results is provided in the associated table.

  
                                          DRILL RESULTS SUMMARY

Holes                    From           To    Interval      Cu     Pb      Zn       Mn         Ag 
                     (metres)     (metres)    (metres)     (%)    (%)     (%)      (%)      (g/t)  

HDS-113                  20.4         38.9        18.4    0.03   0.51    0.30     0.78       69.4
Includes                 22.0         27.9         5.9    0.05   0.88    0.28     1.47      108.8
Includes                  341         37.2         3.0    0.04   0.77    1.00     1.39      113.0
And                      41.8         49.1         7.3    0.03   0.19    1.04     1.92       23.4
And                     126.4        143.9        17.5    0.03   1.40    0.04     0.75       40.5
And                     148.2        248.5       100.3    0.19   3.72    4.25    13.79      153.4
Includes                149.4        157.3         7.9    0.14   4.94    3.27    12.13      182.5
Includes                163.1        181.6        18.4    0.13   2.78    2.54    15.14      209.2
Includes                186.1        197.3        11.1    0.19   3.78    0.94     7.81      303.9
Includes                216.5        236.9        20.4    0.30   4.85    7.88    14.58      135.4
HDS-120                   0.0         27.4        27.4     0.0    0.2     0.0      0.0       55.3
Includes                 13.7         18.3         4.6    0.01   0.29     0.0    10.04      138.1
And                      71.6         93.0        21.3    0.01   0.13     0.0    10.32       26.9
And                     128.0        140.2        12.2    0.04   0.29    0.39    12.95       89.2
And                     146.3        154.0         7.6    0.01   0.05    0.80     7.81       20.2
HDS-121                 182.9        196.6        13.7    0.14   4.35    0.31     7.43      332.9
And                     205.8        222.6        16.8    0.05   0.87    0.95     1.72      114.9
HDS-123                  57.9         65.5         7.6    0.03   0.07     0.0    10.02       26.4
And                     178.4        236.3        57.9    0.10   2.59    4.16    16.29       61.2
Includes                182.9        190.5         7.6    0.19   3.64    0.56    14.08      137.1

A complete listing of drill intercepts, location map and additional details on the cross-sections will be available on the company's website on March 31, 2011.

The company intends to continue to aggressively drill to the end of the year as mineralization remains open in all directions. Exploration efforts will primarily focus on step-out drilling with the objective of significantly expanding the current resource. Wildcat now has four drills operating on the property (two core and two reverse circulation).

*Wildcat's silver project, formerly the Hardshell project, has been renamed the Hermosa project. The new name reflects the increased size and scope of the project since it was acquired, and the company believes the new name more appropriately reflects the district rather than the originally named historic mine.

Qualified person

Wildcat's drilling results have been reviewed, verified and compiled by Don Taylor, MSc, PG, vice-president of exploration for Wildcat Silver, a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Taylor has more than 25 years of mineral exploration and mining experience, and is a licensed professional geologist in several states in the United States.

Assays and quality assurance/quality control

To ensure reliable sample results, Wildcat has a rigorous QA/QC (quality assurance/quality control) program in place that monitors the chain of custody of samples and includes the insertion of blanks, duplicates and certified reference standards in each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at Skyline Laboratories, an ISO/IEC accredited lab located in Tucson, Ariz. Skyline Laboratories prepares two pulps of all samples and completes analysis of one pulp sample by ICP for Cu per cent (copper), Pb per cent (lead), Zn per cent (zinc) and Mn per cent (manganese). The second pulp is shipped to Inspectorate Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nev., where the duplicate pulp is analyzed for Au (gold) and Ag (silver). Silver values are determined by fire assay (one AT) with an AA finish. For all samples that assay greater than 200 parts per million Ag, the sample is rerun using fire assay (one AT) with a gravimetric finish. In certain holes Skyline also completes analysis of the pulps for Au (FA/AAS) and Ag by (aqua regia digestion and AA finish). If over 150 g/t, all silver assays are redone using FA/grav finish at one AT.

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