Winnipeg, Manitoba; July 06, 2009
Wildcat Exploration Ltd. (WEL: TSX-V) is pleased to announce that, having
received final approval from the TSX Venture Exchange, it has completed its previously announced private placement of
Units. Pursuant to the private placement, gross proceeds of $150,000 were raised and 3,000,000 Units have been issued
on closing. Each Unit, issued at a price of $0.05, consists of one common share and one warrant entitling the holder to
acquire an additional common share of the Company at a price of $0.15 per share during the 12 month period following
closing.

The proceeds of the private placement will be used for general corporate purposes in support of the Company’s
exploration projects including its gold projects in the Rice Lake greenstone belt, near Bissett, Manitoba, the Reed Lake
base metal 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.

In connection with the financing, the Company has paid cash finders’ fees of $5,000 and has issued 100,000 finders’
warrants, each warrant being exercisable on terms identical to those of the warrants contained in the Units. All securities
distributed pursuant to the private placement are subject to a hold period of four months until October 30, 2009.

About Wildcat Exploration Ltd.

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio
includes: (1) the Foster River zinc project in Saskatchewan, (2) three gold properties and one gold and platinum group
element (PGE) property in the Rice Lake greenstone belt in Manitoba, and (3) two base metal and PGE properties in the
Snow Lake area of Manitoba. As the Company builds its property portfolio, Wildcat welcomes proposals from owners of
advanced Canadian exploration properties.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information on the Company please visit our website at www.wildcat.ca or contact us at info@wildcat.ca. The
Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on the SEDAR website (www.sedar.com)

Source: Wildcat Exploration Ltd.

John Knowles, President CEO
Suite 203, 1780 Wellington Avenue
Winnipeg, Manitoba, R3H 1B3
Phone: (204) 944-8916
Fax: (204) 944-8918

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. Generally, forward-looking information can be identified by the use of forward-looking terminology
such as "believes", "plans", "seeks", "expects", "budget" or variations of such words or statements that certain actions,
events or results may, could, will, will be, would be or are expected to be. 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, including risks associated with the mineral exploration and mining industry such as economic factors,
government regulation and approvals, environmental risks, success of exploration activities, future commodity prices,
capital expenditures, requirements for additional capital, changes in project parameters as plans continue to be refined,
conclusions of economic evaluations, the Company's history of operating losses and uncertainty of future profitability.
Important factors that pertain to the risks and uncertainties associated with the Company's business are discussed more
fully in the Company's disclosure documents filed from time to time with the Canadian securities regulators and available
on www.sedar.com. Although Wildcat has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. 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.