Wildcat Shareholders Approve Share Consolidation

WINNIPEG, MANITOBA--(Marketwire - Nov. 9, 2012) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) announces that at a special meeting of shareholders held on October 31, 2012, the Company's Board of Directors was authorized to consolidate Wildcat shares on the basis of up to twenty existing common shares for each new common share (see news release October 10, 2012). The resolution authorized the Board in its absolute discretion to determine whether or not to proceed at any time with the approved consolidation.

About Wildcat

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) the Jeep, Mike Power and Poundmaker gold properties under option to San Gold Corporation, together with two additional gold exploration properties in the Rice Lake greenstone belt in Manitoba, (2) the McVicar gold property in the Uchi subprovince of Ontario, (3) the Reed Lake base metal property in the Flin Flon-Snow Lake greenstone belt in Manitoba, (4) the Burntwood property in the Thompson Nickel Belt in Manitoba and (5) the Foster zinc-lead-silver property in Saskatchewan.

Cautionary Note

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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.

Contact:

Wildcat Exploration Ltd.

John Knowles

President & CEO

(204) 944-8916

info@wildcat.ca

CHF Investor Relations

Cathy Hume

CEO

(416) 868-1079 ext. 231

cathy@chfir.com

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