Ms. Letitia Cornacchia reports

WILDCAT DRILL RESULTS INCLUDE 37 METRES OF 407 GRAMS PER TONNE SILVER, 14.6% MANGANESE, 2.01% ZINC AND 2.30% LEAD

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

Of the four holes reported, three holes were step-out holes (holes HDS-114, HDS-115 and HDS-116). A total of 23 holes have been drilled in the current program for a total of 6,250 metres, of which 11 holes (eight step-out holes) have been reported to date.

A complete list of drill intercepts, and the location map and 3-D model of the Hermosa mineralization are now available on the company's website.

Step-out holes

Drill holes HDS-114, HDS-115 and HDS-116 continue to test the eastern and southeastern portions of the Hermosa resource area, demonstrating high grades of silver and manganese. Significant assays encountered in these drill holes support the extension of mineralization beyond the current resource and provide important geologic information in a previously untested area where recognized faulting exists.

Infill hole

HDS-112 is located near the western edge of the current Hermosa resource. The significant silver and manganese mineralization encountered in this hole confirms continuity with previous drilling north and south of HDS-112, and indicates that the resource remains robust and open to the northwest. Future drilling will target the connection to the mineralization intersected in the previously reported hole HDS-113 (results reported in Stockwatch on March 24, 2011) as well as to the west and northwest. Of note, HDS-112 intersected 36.6 metres of 406.5 grams per tonne silver, 14.55 per cent manganese, 2.01 per cent zinc, 2.30 per cent lead and 0.15 per cent copper.

                         SUMMARY OF THE DRILL RESULTS                           

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

HDS-112             9.1        22.9          13.7       0.03  0.32  0.10   0.49     34.5 
HDS-112            47.3        83.8          36.6       0.15  2.30  2.01  14.55    406.5 
includes           53.4        59.5           6.1       0.42  3.64  3.78  26.05  1,603.8
HDS-114            10.7        15.2           4.6       0.01  0.05  0.09   0.80     30.8 
HDS-114            24.4        42.7          18.3       0.01  0.09  0.03   0.68     57.6 
HDS-114           176.8       181.4           4.6       0.01  0.02  0.42   1.55     33.4 
HDS-114           208.8       213.4           4.6       0.02  0.12  3.36   2.56     13.5 
HDS-115           108.2       125.0          16.8       0.02  0.06  0.03   0.01     14.0 
HDS-115           164.6       172.3           7.6       0.06  0.25  0.22   4.65    181.8 
HDS-115           179.9       198.2          18.3       0.02  0.08  0.52   3.98     29.2 
HDS-115           205.8       211.9           6.1       0.01  0.09  1.47  12.80     32.3 
HDS-116            18.3        25.9           7.6       0.01  0.11  0.01   0.02     29.6 
HDS-116            67.1        88.4          21.3       0.01  0.09  0.01   0.13     32.0 
HDS-116           105.2       140.2          35.1       0.04  0.26  0.14   7.09    108.3 
HDS-116           146.3       154.0           7.6       0.01  0.21  0.14   6.59     49.3

The company will continue to aggressively drill 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).

Qualified person

The results of Wildcat's drilling 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. Mr. Taylor has more than 25 years of mineral exploration and mining experience, and is a licensed professional geologist in several U.S. states.

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