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Pacific Wildcat Resources Corp
Symbol PAW
Shares Issued 295,131,981
Close 2015-07-03 C$ 0.015
Market Cap C$ 4,426,980
Recent Sedar+ Documents

ORIGINAL: Pacific Wildcat to acquire Rift Au-Ag project in Nevada

2015-07-10 14:00 ET - News Release

Received by email:

File: Nevada Purchase Press Release 10 July 2015 Final.doc

 
TSX VENTURE EXCHANGE:  TSXV-PAW

Acquisition of Rift Epithermal Gold Silver Project in Nevada


July 10, 2015         News Release 2015 - 16

Vancouver, BC, Canada: Pacific Wildcat Resources Corp. (TSXV-PAW) ("PAW" or the "Company") advises the signing of a pu
--->rchase agreement to acquire a 100% interest in the Rift Epithermal Gold/Silver Project in Nevada, USA ("Rift Project")
--->. The completion of the transaction is subject to TSX Venture Exchange ("Exchange") approval and the completion of the
---> Company's due diligence inquiries currently under way.  The Rift Project is located 30km North North West of Newmont'
--->s Mule Canyon mine located on the NNW trending faults that define the western margin of the Northern Nevada rift zone 
--->located in the world's number one ranked gold production field1 
 
Figure 1. Rift Project location and metallogenic setting

The acquisition of the Rift Project, when completed, will position the Company in one of the world's most productive g
--->old mining districts and in a sovereignty where the rule of law is respected.  The Rift Project is consistent with PAW
--->'s strategic focus on company transformational projects of major scale.

Key features of the Rift Project:

The Rift Project comprises claims which have been lodged over more than 16km2 of highly prospective ground within the 
--->mineralised Northern Nevada Rift.
More than 12 km of strike of the mineralised Northern Nevada Rift zone runs through the Rift Project Area of Interest.
PAW is targeting multi-million ounce, high grade epithermal silver and gold deposits.
Widespread gold and silver epithermal mineralisation is present with several high grade deposits located along strike 
--->at Midas, Mule Canyon, Ivanhoe and Snowstorm.
1 - at 540 metric tons/million square kilometers Nevada is the world's highest rank
Reinterpretation of the Northern Nevada Rift zone is supported by exploration, geophysics, observed mineralisation and
---> recent drill results which shows the area is underexplored.
Well defined mineralization is structurally controlled, outcrops at surface and drill ready targets exist.
PAW is to target high grade, near-surface gold and silver mineralization with depth extensions and high grade feeder z
--->ones.
Investors are cautioned that the exploration target is early-stage exploration prospect and conceptual in nature. Ther
--->e has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will resul
--->t in the target being delineated as a mineral resource.

Terms of the Transaction

PAW has agreed to purchase 100% interest in the Rift Project from the Australian unlisted public company Sunline Resou
--->rces Limited ("Sunline"). PAW will effect the transaction by acquiring, from Sunline, 100% of the Australian registere
--->d company Nevada Rift Resources Pty Ltd ("Nevada Aust") which owns 100% of US Nevada Rift Resources, LLC ("US Nevada")
--->. US Nevada is a company registered under the laws of the state of Nevada in the United States of America and is the r
--->egistered holder of the unpatented lode mining claims, which make up the Rift project, located in Lander County in the
---> state of Nevada.

The consideration to be paid and satisfied by PAW is:
(a) the payment of fifty thousand dollars (AUS $50,000) to Sunline subject to the provisions for completion of the Sal
--->e and Purchase, to be paid not later than ninety (90) days from the  date of this Agreement; and
(b) the issue by PAW of twenty two million (22,000,000) common shares in the capital of PAW. 

Completion of the transaction is subject to due diligence to the satisfaction of PAW, which due diligence has commence
--->d.

On closing of the transaction, PAW director Malcolm Carson shall be appointed as Chairman of the Board of US Nevada. T
--->wo of the current members of the US Nevada Board have agreed to stay on as directors and the technical team headed up 
--->by Dr. Criss Capps, a US based geologist who is well versed in the Rift project and the target mineralization, who we 
--->anticipate shall continue to manage the company's work program in Nevada.  

Mr Malcolm Carson
Chairman
BSc, MSc, AUSIMM, AIG
Mr Malcolm Carson has over 35 years' experience in the resource sector including field exploration geologist and comme
--->rcial evaluation of mineral resources and project finance. Mr Carson has held senior positions in exploration and mini
--->ng companies, the West Australian Government, investment banks and executive roles in ASX and TSX publicly listed comp
--->anies.

The transaction is subject to approval of the Exchange and other conditions precedent customary to a transaction of th
--->is type.

The Company's Chairman Mr. Don O'Sullivan said "The Rift project provides an exciting opportunity for PAW to target hi
--->gh grade epithermal gold and silver mineralisation in a stable jurisdiction and in a world class gold province."

The Company is investigating the options available to it to raise funds to meet its financial requirements under the t
--->erms of the transaction as well as complete its outstanding financial filings ("Filings") as reported in its news rele
--->ase of July 8, 2015 and complete its reinstatement for trading upon completion of its Filings.

The Company will provide further information as the transaction progresses

ON BEHALF OF THE BOARD OF DIRECTORS OF
PACIFIC WILDCAT RESOURCES CORP.

Don O'Sullivan, President & CEO

Contact information:
Terese Gieselman 
Pacific Wildcat Resources Corp.
Email: info@pacificwildcat.com
Telephone: +1-250-768-0009
Pacific Wildcat Resources Corp. website: www.pacificwildcat.com
About Pacific Wildcat Resources Corp. - Pacific Wildcat is a TSX Venture Exchange listed Canadian mineral exploration 
--->company having the trading symbol "PAW". PAW owns 100% of Stirling Capital Ltd and Cortec Pty Ltd, two UK companies th
--->at between them own a 70% interest in Cortec Mining Kenya Limited, a Kenyan company which holds the Mrima Hill Niobium
---> and Rare Earth Project in Kenya. In July 2013 the Company completed an updated independent Niobium Resource estimate 
--->for 47.8 million tonnes at 0.66% Nb2O5 (Indicated Classification) plus 94.4 million tonnes at 0.73 % Nb2O5 (Inferred C
--->lassification) at a 0.2% Nb2O5 cut-off. In July 2013 the Company completed an inaugural independent Total Rare Earth R
--->esource estimate for 48.7 million tonnes at 4.44% TREO (Indicated Classification) plus 110.7 million tonnes at 3.61 % 
--->TREO (Inferred Classification) at a 1% TREO cut-off. With the Mining Licenses revoked by the Cabinet Secretary, Minist
--->ry of Mines in 2013, the Company commenced legal action against the Cabinet Secretary, Ministry of Mines and others. F
--->ollowing an initial unsuccessful legal action the matter is now before the Kenyan Court of Appeal.  For information ab
--->out Pacific Wildcat Resources Corp. and its development and exploration activities shareholders and other interested p
--->arties are invited to visit the company's website at www.pacificwildcat.com.  More information on the foregoing minera
--->l resource estimates is included in the Company's news release dated July 29, 2013, titled "High Grade and Large Tonna
--->ge Niobium and Rare Earth Resource for Mrima Hill" and in the Technical Report dated September 1, 2013, titled "NI 43-
--->101 Technical Report for the Mrima Hill Niobium and Rare Earth Project, Kwale District, Kenya", which is filed on www.
--->sedar.com and the Company's website. Mr. Benjamin C. Pollard, principal geologist of BMGS Perth Pty Ltd, a qualified p
--->erson (as defined in NI 43-101) has reviewed and approved the technical information contained in this news release.
Investors are cautioned that trading in the securities of Pacific Wildcat Resources Corp. should be considered highly 
--->speculative. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither
---> TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
---> Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary note: This press release ma
--->y contain forward looking statements on matters such as cash flow, capital expenditures, work programs, the estimation
---> of mineral resources and the Company's plans with respect to the exploration and development of its projects and its 
--->investment plans regarding TSX Venture Exchange approval and the completion of financing activities. By their nature, 
--->forward looking statements involve risk and uncertainties because they relate to events and depend on factors that wil
--->l or may occur in the future. Actual results may vary depending upon exploration activities, industry production, comm
--->odity demand and pricing, currency exchange rates, and a number of factors, including regulatory matters, metals price
--->s and, but not limited to, general economic factors. There can be no assurance that the Company will be able to obtain
---> all the permits that are required in order to commence mining operations at the Mrima Hill Project. 



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