Thank you for your interest and support in Wildcat.

As you know from your DD, the greenstone belt as it trends west of Red Lake, ON enters Manitoba at Siderock and Wallace Lake, where Wildcat Exploration Ltd. has a very solid prospect with characteristics similar to the Balmer Assemblage rock types encountered 60 mi. east in the shadows of the Red lake head frames.

The gold belt in the area surrounding Rice lake was discovered a decade before Red Lake and was the next ‘boom’ gold district after the Yukon gold rush.

As the discoveries at Red Lake became an item during the ‘roaring twenties’ attention seemed to shift away from this portion of the belt to Red Lake, and it is only recently that it has returned. Recent activity is showing that there are additional significant discoveries to be made here.

The founders of Wildcat were able to use the last bear market low in gold to accumulate the largest land position ever assembled in this part of the belt.

Lots of land, a multitude of old shafts, pits and trenches, and very under explored as evidenced by some of the 70 year old trees growing on and around old workings.

Progress on the ground has been very positive. Recent aerial surveys, followed by geophysical sampling and mapping, continues to generate a multitude of targets for further advanced exploration.

The Company has also recently signed two deals that will induce increased exploration activity on it’s holdings and also further expands it’s interests on adjacent lands.

And the acquisitions, while prices were reasonable, continued to expand the Company’s holdings into some very exciting base metals prospects.

And those additional prospects, most recently in the Flin Flon – Snow Lake area, are attracting additional wide interest in the Company’s activities.

Our Reed Lake property has seen exciting discoveries on its North and West boundaries, and a recent aerial survey conducted by Wildcat, indicates that the mineralized structures may connect across our claims.

An additional ground geophysical survey ( IP ) on the southern half of the property is, as they say, ‘lighting up’.

In the first 350 metres of a 4.3 kilometre transect of the property, six, possibly seven, separate layers of anomalous sulphides are indicated. This section of the property is known as a layered intrusive, like a tort cake, with each contact between the layers being prospective for potential Platinum.Palladium concentrations. Similarities between this property and the structure that made the Stillwater mine in Montana is driving the enthusiasm.

And then there is our Foster River, SK property, prospective for Zinc, Silver, and Lead.

We have confirmed that the mineralization on the property is Broken Hill type, named such after the Australian discovery, a deposit type that hosts some of the largest deposits in the world. Though this year’s zinc price is soft, the forecasted gap in supply forecast beyond 2010 ( a scant eighteen months forward), our pace of development on the project is such that we may be in a very sweet spot 12 months forward.

As to your other subject of enquiry I would direct you to give John Knowles, our President, a phone call at the number listed below.

Please bear in mind that companies transition, according to markets, and also to coincide with stage of development.

I believe you will gain added enthusiasm for the Company as you hear his plans for the development of increased shareholder value.

Thx again,

Wayne

Wayne L. Stebbe

Corporate Development

Wildcat Exploration Ltd.

203-1780 Wellington Avenue

Winnipeg, MB

R3H 1B3

P: (204) 944-8916

F: (204) 944-8918

w.stebbe@wildcat.ca

www.wildcat.ca