Ms. Letitia Cornacchia reports

WILDCAT ANNOUNCES DRILL RESULTS INCLUDING 20.0 METRES OF 329.8 GRAMS PER TONNE SILVER

Wildcat Silver Corp. is releasing the results for five additional holes (four step-out holes) completed on the company's Hermosa property located in Santa Cruz county, Arizona, United States. The company continues to focus on increasing the width and length of the current resource and these results further support the extension of mineralization.

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

Step-out holes

HDS-136 lies east of the American fault zone and intersected high-grade silver on the down-dropped side east of the fault. The hole intersected 20.0 metres that averaged 329.8 grams per tonne silver, 3.81 per cent lead and 2.83 per cent manganese. Within this zone, a high-grade intersection of 6.9 metres averaged 839.8 g/t silver, 7.12 per cent lead and 8.17 per cent manganese. This hole represents the easternmost drilling on Wildcat's patented claims, indicating the Hermosa mineralization continues east of the American fault and remains open to the east on the company's unpatented claims.

HDS-137 is located to the north and intersected three zones of significant manganese mineralization. These intercepts extend the north-south-trending skarn zone to the east and indicate the zone remains open to the east. The most noteworthy intersection in this hole was a 39.2-metre section which averaged 87.2 g/t silver, 16.89 per cent manganese, 1.41 per cent lead and 2.22 per cent zinc, which included a 12.2-metre section with average grades of 156.5 g/t silver, 8.34 per cent manganese, 2.73 per cent lead and 1.50 per cent zinc.

HDS-146 and HDS-149 are located in the western portion of the Hermosa patented claim block. These holes intersected moderate silver mineralization over narrow intervals, but have been successful in extending the Hermosa zone to the west. Drill hole HDS-146 intersected 131.5 g/t silver and 10.86 per cent manganese over 4.6 metres. HDS-149 intersected three narrow zones of mineralization, the most noteworthy of which was 4.6 metres averaging 114.1 g/t silver.

Infill holes

HDS-129 is an infill hole between two widely spaced holes in the north-south-trending deep sulphide skarn zone. This drill hole intersected two thick zones of strong base metals mineralization with moderate levels of silver and moderate-to-strong manganese mineralization that shows continuity between earlier drilling. The upper zone intercepted 25.6 metres averaging 89.1 g/t silver, 6.61 per cent manganese, 8.79 per cent zinc, 7.04 per cent lead and 0.19 per cent copper. The lower zone intercepted 10.5 metres averaging 57.5 g/t silver, 3.34 per cent manganese, 6.12 per cent zinc, 4.97 per cent lead and 0.18 per cent copper.

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

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

HDS-129             509.8  535.4         25.6   89.1   6.61   8.79   7.04   0.19
HDS-129             582.9  593.4         10.5   57.5   3.34   6.12   4.97   0.18
HDS-136             209.3  229.3         20.0  329.8   2.83   0.50   3.81   0.12
HDS-136 incl.       218.3  225.2          6.9  893.8   8.17   0.83   7.12   0.24
HDS-137             211.0  250.2         39.2   87.2  16.89   2.22   1.41   0.07
HDS-137 incl.       211.0  223.2         12.2  156.5   8.34   1.50   2.73   0.11
HDS-137             268.9  279.0         10.1   59.7  15.42   2.96   3.80   0.13
HDS-137             326.8  364.9         38.1   69.9  12.16   5.70   3.40   0.17
HDS-146              80.8   85.4          4.6  131.5  10.86   0.48   0.13   0.03
HDS-149              74.7   76.2          1.5 107.66   2.17   0.07   0.23   0.01
HDS-149             105.2  109.8          4.6  41.49   0.66   0.10   0.02   0.01
HDS-149             173.8  178.4          4.6 114.06   0.33   0.11   0.28   0.01

Wildcat has expanded its current drill program and now plans to drill approximately 30,000 metres through to the third quarter of 2011. The company will continue to focus on step-out drilling in the north and east directions and enough infill drilling to achieve the objective of significantly expanding the size and quality of the current resource. Wildcat has four drills operating on the property (two core and two reverse circulation).

Qualified person

The results of 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.

Assays and quality assurance/quality control

To ensure reliable sample results, Wildcat has a rigorous QA/QC 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 copper per cent, lead per cent, zinc per cent and manganese per cent. The second pulp is shipped to Inspectorate Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nev., where the duplicate pulp is analyzed for gold and 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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