Wildcat Exploration Ltd

There is a considerable amount of deception in the wording in the latest news release.

This latest news release was written by Ms. Courtney Shearer ....I think SKP is missrepresenting the Poundmaker agreement in an effort to present an advantage over WEL. This agreeement has been referenced to as being a back in agreement which it is not. There is a distinct difference between a back in agreement and our agreement.

Here's a "back in agreement" referenced today in a HLO news release:

Halo Resources Ltd. has acquired a 100-per-cent interest in the Jungle deposit (mineral lease No. 038) and FUD claims, representing 3,274 hectares in the Sherridon volcanogenic massive sulphide district.

Halo completed expenditures of $1.5-million at the Jungle deposit and $800,000 on the FUD claims, as well as payment of cash and shares to subsidiaries of HudBay Minerals Inc. The HudBay subsidiaries retain back-in rights to acquire a 51-per-cent, undivided interest in the properties, by giving notice within 60 days and spending 135 per cent of the incurred expenditures (for a total of $3.1-million) within two years.

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There is distinct difference in this agreement and the Poundmaker agreement. The ability of SKP to aquire 100% intrest requires WEL to opt out of partisipation after the $4,000,000 has been spent by SKP.

The wording should be corrected to present the true agreement

IE:

Strikepoint may earn a 65-per-cent interest in the Poundmaker property under the agreement. After $4-million has been spent by Strikepoint on exploration work, Wildcat may elect to retain up to a 35-per-cent participating interest in the property by providing its partisipating share of further exploration costs. Should WEL elect to not partisipate in further exploration after the $4,000,000 spent by SKP , then intrest by SKP may be increased to 100% intrest with a 2% NSR to WEL

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TIn addition the presentations by SGR and SKP further muddy the waters within their presentations, handouts and websites. There is clearly deception in mind when the presentations intensionally omit the portion of the Horseshoe lake which is clearly 100% owned by WEL. The property line is drawn very faintly and ownership of the western limb is presented in such a way as to imply ownership buy SRG

Page 17:

http://www.sangoldcorp.com/assets/files/November%202009_19pages.pdf

Page 5:

http://www.sangoldcorp.com/assets/files/NIBA_Web.pdf

“As a result of this joint venture,

all of the hanging wall volcanics that

host the high-grade Hinge deposits,

together with their important structural

elements, are now accessible

to San Gold, at surface as well as

within possible important western

and northern extensions.”

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This statement implies that there is no volcanics or structural elements that may contain mineralization that SGR does not control. They further state that the Horseshoe lake fold as being important and then decieve potential investors by not indicating the owner of this important folded structure is in fact WEL's ( Mike Power Project ). The faint property line almost invisible on all images.

Further there is another property map that shows the Poundmaker as 100% owned by SKP and not referenced as a JV. The latest news release wording further intrenching this illusion.

In my opinion this is intentional to keep investor interst in WEL down and allow an opportunistic moves to be made on WEL via SKP or SGR. Funding is always an issue to keep an exploration company alive. Should all the wts expire unused there will be an added benifitto SKP and SGR.... The additional cash will not be there for WEL and another financing will be needed. At that point in time WEL will be most vulnerable for a takeover..... few outstanding wts thus minimal float and minimal market cap will make a move oportunistic. The intensional delay after funding was achieved one more attempt at gaining an advantage over WEL . Clearly all SKP had to do is provide WEL with a work schedual and commitment to completing its obligations via news release to their own shareholders and WEL shareholders .... But they did not.

If managament of WEL want to provide the best opportunistic takeover then allowing the wts to expire is the way to achieve this.

I figure SGR and SKP are playing WEL like a fine violin.... JMHO