WINNIPEG, MANITOBA -- (Marketwire) -- 03/19/13 -- Wildcat Exploration Ltd. (TSX VENTURE: WEL) is pleased to announce that two properties under the Wildcat-Doe Run Canadian Exploration Alliance (the "Alliance") have been acquired and that work has commenced in preparation for drill programs to be started following the spring breakup.
Wildcat's partner in the Alliance, Doe Run Canadian Exploration ULC ("Doe Run Canadian"), has acquired under option the Island Lake property, located approximately 4 km southeast of the former Heath Steele copper-lead-zinc mine in Northumberland County, NB and the Sewell Brook property, located approximately 40 km southeast of Grand Falls, in Victoria County, NB. Wildcat has commenced geological data compilation and analysis on both properties. The purpose of this work is to evaluate existing information on each of the properties and to develop work programs and targets for drilling commencing in May or June.
Wildcat's CEO, John Knowles, commented "Wildcat is delighted to be working with the Doe Run Canadian team, and the Alliance provides a unique opportunity to explore with the combined corporate strengths of a well-established major and a junior explorer. Both companies will benefit from any exploration successes."
In December, 2012, Wildcat entered into the Alliance, a strategic, base metal exploration agreement with Doe Run Canadian, a British Columbia registered company (see news release December 11, 2012). Under the terms of the Alliance, properties are acquired and held by Doe Run Canadian, subject to Wildcat's right, under certain circumstances, to earn up to a 30% interest in one or more properties.
In addition to exploration under the Alliance, Wildcat is exploring for gold and base metals on its current property portfolio, and adding to this portfolio when new opportunities arise. A winter program of approximately 9,000 metres of diamond drilling on Wildcat's gold projects in Bissett, MB commenced recently (see news release February 26, 2013).
Wildcat's exploration program is managed by Tom Lewis, P. Eng., a Qualified Person as defined by NI 43-101, who has reviewed all technical information in this release.
Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. It manages exploration on its own properties in Ontario, Manitoba and Saskatchewan and has optioned three properties in the Rice Lake Greenstone Belt of Manitoba to San Gold Corporation which is carrying out exploration programs. In addition, Wildcat is the manager of the Wildcat - Doe Run Canadian Exploration Alliance which explores in Canada for base metal deposits.
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. 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. 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.
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.
Wildcat Exploration Ltd.
President & CEO
CHF Investor Relations
(416) 868-1079 ext. 231
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