Wildcat Exploration Ltd

WINNIPEG, MANITOBA--(Marketwire - Aug. 6, 2010) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that having received final acceptance from the TSX Venture Exchange, it has completed its previously announced private placement of Units. Pursuant to the private placement, gross proceeds of $250,000 were raised and 3,571,428 Units have been issued on closing. Each Unit, issued at a price of $0.07, consists of one flow-through common share and one half of one common share purchase warrant, with each full warrant entitling the holder to acquire an additional non flow-through common share of the Company at a price of $0.14 per share during the 18 month period following closing.

The proceeds of the private placement will be used for eligible exploration expenditures on the Company's gold and base metal projects including its gold projects in the Rice Lake greenstone belt, near Bissett, Manitoba, the Reed Lake copper and platinum group elements project in the Flin Flon-Snow Lake greenstone belt of Manitoba, and its Foster River zinc lead silver project in Saskatchewan.

No finders' fees were paid in connection with the financing. All securities distributed pursuant to the private placement are subject to a hold period of four months from the date of closing.