Wildcat Exploration Announces Shareholder Approval of Property Acquisitions, Election of Directors, Appointment of New Management and Office Change

WINNIPEG, MANITOBA--(Marketwired - Jul 14, 2015) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that, at the annual and special meeting of shareholders held on July 8, 2015, its shareholders passed a special resolution to approve the acquisition of diamond exploration properties in the Pikoo and Fort a la Corne areas of northern Saskatchewan, with approximately 99.72% of the votes cast being in favour of the resolution. The planned acquisition of these properties, together with gold exploration properties in the Flin Flon mining area of Manitoba (see news release May 12, 2015), will focus Wildcat mainly as a diamond and gold exploration company. The acquisition is subject to approval of the TSX Venture Exchange.

The shareholders also elected three new directors to the Wildcat board. Harry Barr, Stephen Masson and James Pickell have joined John Knowles, Charles Pitcher and Edward Yarrow as directors of the Company.

Harry Barr has been involved in the mining industry for over 30 years, with an extensive background in mineral exploration, business management, corporate finance, and marketing, and is a director of several public companies.

Stephen Masson, M.Sc., P.Geo., president and CEO of Copper Reef Mining Corporation and a director of the Prospectors and Developers Association of Canada, brings strong exploration skills, especially in the Flin Flon Greenstone Belt where he has concentrated his efforts for the past 26 years.

James Pickell, P.Geo., with over 35 years of international exploration and mining experience in North America, Europe, South America and Africa, as well as in the Flin Flon-Snow Lake Greenstone Belt of Manitoba, Canada, is a recipient of the PDAC Bill Dennis Prospector of the Year Award (2000) for the discovery of VMS deposits in the Flin Flon-Snow Lake Greenstone Belt.

The director nominees were presented in the Company's Management Information Circular dated June 9, 2015, and shareholders elected all directors nominated by management. The directors will serve until the next annual general meeting of the Company. Approximately 34% of the outstanding shares of the Company were represented at the meeting and the voting results for the election of directors are set out below:

Following the shareholders' meeting, John Knowles, Glen Gowryluk and Tom Lewis resigned as officers of the Company and Stephen Masson and David Kendall were appointed President and CEO and Chief Financial Officer respectively. Mr. Lewis will assist the Company on a contracted basis as needed for management of the Wildcat-Doe Run Canadian Exploration Alliance.

David Kendall, FCA received his Chartered Accountant designation in 1978 while working with Deloitte and Touche in Saskatoon, SK. He moved to Flin Flon MB in 1983 and received his Fellowship with the Institute of Chartered Accountants of Manitoba in 1997. Mr. Kendall is in public practice with Kendall & Pandya Chartered Accountants with offices in Flin Flon and Thompson MB. He believes there is a great future for junior mining exploration in northern MB and SK and is proud to be a part of this opportunity.

Speaking to shareholders at the meeting, Stephen Masson said, "I am excited about Wildcat's planned exploration of our diamond and gold properties in promising areas of Saskatchewan and Manitoba. I wish to take this opportunity to thank John Knowles, Glen Gowryluk and Tom Lewis for their dedicated leadership over many years and also to thank Denis Fillion for his service as a long-time director of the Company. I am pleased that Tom Lewis will continue to be involved as needed for the Wildcat-Doe Run Canadian Exploration Alliance, which made a new zinc discovery in 2014 at the Island Lake project in New Brunswick."

About Wildcat

Wildcat Exploration Ltd. has moved to Flin Flon and will be based there exploring for minerals in Canada. The Company carries out exploration work on its properties in Ontario, Manitoba and Saskatchewan. In addition, Wildcat is the manager of the Wildcat - Doe Run Canadian Exploration Alliance, which explores for base metal deposits in New Brunswick.

For further information on Wildcat, please visit www.wildcat.ca.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.

Cautionary Note

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release may contain "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to Wildcat's exploration program and plans. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wildcat to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Wildcat does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Contact

Wildcat Exploration Ltd.
Stephen Masson
President & CEO
(204) 687-3500
more@mymts.net
www.wildcat.ca
New Address:
Box 306, 12 Mitchell Rd.,
Flin Flon, Manitoba
R8A 1N1