Mr. John Knowles reports

WILDCAT EXPLORATION RECEIVES PAYMENT FOR PROPERTY SALE

Wildcat Exploration Ltd. has received the cash and share consideration for the sale of three of its four exploration properties in the Rice Lake, Man., area to San Gold Corp. The three properties, Poundmaker, Mike Power and Jeep, were under option to San Gold pursuant to an August, 2011, agreement.

The cash payment of $200,000 and a total of 2,380,952 shares of San Gold were received. In addition, Wildcat has retained a 2-per-cent net smelter returns royalty payable on any future production from the properties and will receive a total of $250,000 in cash payments over 10 years as an advance royalty. The agreement also provides for a $1-million payment to Wildcat if 500,000 ounces or more of gold resources on the properties are confirmed in an NI 43-101-compliant technical report within four years following the closing date.

"While we progressed towards the sale transaction, our geologists were busy managing work in the Wildcat-Doe Run Canadian exploration alliance," commented John Knowles, Wildcat's president and chief executive officer. "Drilling is in progress at the Island Lake and Sewell Brook base metal properties, which are held by Doe Run Canadian Exploration ULC and in which Wildcat has an earn-in right."

We seek Safe Harbor.