The significant concentration of palladium in JP-07-11 (Table 1) associated with a slight Ni-Cu-Co-Ag enrichment was

intersected in an intensely deformed shear zone. The high gold concentration encountered in JP-06-05 was located 50

metres north-west of JP-07-11.

Drilling on the Jeep mine #3 gold vein system, parallel to the #1 vein structure, targeted the potential for a downward

extension of the gold bearing zone below the level of the old mine workings. Drilling successfully extended the zone

approximately 30 metres below the old workings (Table 1).

These results are Wildcat’s second successful expansion of gold mineralized structures associated with historic mines in

the Rice Lake Greenstone Belt. The previous program conducted at the Poundmaker mine, 15 kms west of Bissett,

followed the downward extension of the deposit to a vertical depth exceeding 70 metres. The northwest zone

intersected 0.5 metres assaying 3.8 g/t Au at 21.0 metres depth. The central zone encountered 5.36 g/t Au over 3.0

metres at a downhole depth of 72 metres (includes 13.6 g/t over one metre). The southeast zone, intersected by 4

drill holes, encountered numerous mineralized intercepts. The most significant of these includes 9.0 g/t Au over 2.84

metres (includes 24.3 g/t over 0.4 metres; and 30.3 g/t over 0.4 metres). The Poundmaker Gold Zone remains open

down plunge and along strike.

To the northwest of the Poundmaker mine, the company opened new target areas along the trend of the Saxton Lake

deformation zone, over a total strike length of 6 kilometres. A number of showings in this area returned significant

gold concentrations, including up to 59.2 g/t gold from quartz veins.

At the Garner Lake property, located 40 kilometres south-east of the town of Bissett, MB, the company is focusing on

the Beresford Lake Shear Zone (BLSZ). Exploration defined several gold showings including the Marlin occurrence

where sampling of a trench returned 153.2 g/t gold from blast rock and 29.56 g/t gold from quartz veining. North of

the Marlin trench (150 metres) grab samples returned 3.1 g/t gold. The Swordfish gold occurrence, 360 metres south

of the Marlin occurrence, returned grab samples assaying up to 18.2 g/t gold. These three showings, generally northtrending,

occur along a structure approximately 500 metres long structure, within the BLSZ. Data from a 2007

prospecting program, that focused on this structure, together with the results of a Mobile Metal Ion (MMI) geochemical

sampling survey, is being analyzed to define drill targets.

The company’s Siderock claim group, located near the Manitoba-Ontario provincial boundary, has indications that the

area is underlain by Balmer-Ball equivalent assemblage of rocks, as found in Red Lake, ON, 60 kilometres to the east.

Drilling and sampling between Wallace Lake and Siderock Lake resulted in the discovery of an auriferous trend, the

Portage Gold Zone, of 1.8 kilometres length and up to 400 metres width, striking parallel to the Wanipigow Fault.

Acquired in 2004, geological investigations by the company have showed that the Reed Lake mafic ultramafic intrusion

is a 4.5 km wide complex multilayered differentiated body. Several differentiation cycles of variable thicknesses were

identified, spanning the composition from ultramafic (pyroxenite) to intermediate ferrogabbro. Other noteworthy

findings included the discovery of a raft, several metres thick, of finely layered quartzite within gabbronorite and

evidence of a magmatic turbulence in at least one of the magma layers. These findings may be of special significance

in the search for PGE-bearing layers. Turbulent magma can promote magma mixing and sulphide enrichment with

chalcophile elements such as Ni Cu and PGE. The quartzite raft within gabbronorite may have provided silica to the

magma enhancing separation of sulphides. Supporting the exploration theory, several grab samples collected from this

intrusion contained anomalous PGE concentrations.

Wildcat is systematically investigating this intrusion for its Ni Cu PGE potential. Wildcat’s plans include prospecting and

geologically mapping the intrusion. In addition, the company will deploy IP geophysical surveys across the entire

igneous body to further define the potential for the existence of disseminated sulphide layers.

This 11,800 hectare mineral prospect, located 120 km northwest of La Ronge, SK., features lead zinc mineralization

characterized by mineralogy comparable with the world-class Broken Hill Zn-Pb deposit in Australia. Ongoing

investigations guided Dr. Paul Spry, a member of Wildcat’s Technical Advisory Panel and a recognized expert in Broken

Hill type deposits, are providing strong support of the assertion that Wildcat’s Foster River property is a Broken Hill

type deposit, with potential to host major Zn-Pb resources.

Encouraged by this expert opinion and the strong anomalies defined in a recent MMI geochemical survey in the

southern part of the property, Wildcat plans to follow up by defining the depth of the source of these anomalies using

IP. Drilling of established targets, following the evaluation of the IP survey, is expected to commence early in 2008. In

addition, the northern portion of the property will be covered by an airborne EM and magnetometer survey.

Commenting on the future Mr. Knowles responded, “Wildcat is poised to advance its current portfolio with work

planned on several properties in late 2007 and 2008. In addition to prospecting and geophysical work the company

plans drilling on at least two of its properties in the coming months. With solid properties, a new management style

and key in-house geological staff teamed with our new Technical Advisory Panel, the company’s outlook is exciting