Early Work - At the Poundmaker deposit, historical underground development has extracted small tonnage but high-grade gold. At the Poundmaker Mine the Company has identified near-surface high-grade mineralization and has intersected the deposit immediately southeast of the deposit shaft in previous drill programs. The Company has drilled a total of 3143 metres during the 2001, 2002, and 2004 programs.

2004 - Wildcat completed a diamond drill program over the Poundmaker and Siderock properties between November 2004 and February 2005. 1109 meters diamond drilling was carried out on the Poundmaker property with drilling focused in two areas 1) a new gold discovery made in 2003 - the Lady Gold Zone and 2) an historical gold producer - Poundmaker deposit.

2005 - Wildcat's exploration in the Bissett area in March 2005 began with line-cutting (165.4 km) and geophysical surveying (149 km) followed by geological mapping on several grids within the Poundmaker, Jeep, Siderock and Garner properties. Subsequently a geochemical survey was completed over portions of most of the latter grids. Hydraulic stripping and trenching were also completed on the Poundmaker and Jeep properties.

On the Poundmaker property a new gold discovery, the Rio Gold zone measuring approximately 4.5 km by 1.5 km, has been made from which numerous high-grade gold samples up to 50 g/t have been collected. East of the Rio Gold zone, along the Saxton Lake shear zone the Liberty vein returned up to 59 g/t gold.

2006 - Wildcat completed a diamond drill program over the Poundmaker property from January 9 to 29, 2006. Diamond drilling, 742 meters, was carried out on the property and focused in two areas 1) the Gold Creek Shear Zone and 2) a new gold discovery made in 2005 – the Liberty showing.

Wildcat initiated a summer exploration program on the Poundmaker property in Manitoba in May, 2006. The program comprised integrated linecutting, geological mapping, prospecting and geochemical surveys. Linecutting established a new grid over the Rio Gold zone and a grid extension northwest on the Saxton Lake grid. Geological mapping, prospecting and sampling, mechanical and hydraulic stripping in the Rio Gold Zone area resulted in the discovery of new gold showings and extending known mineralized occurrences. During the summer over 25 quartz vein and sulphide showings were discovered, increasing the total number of prospects with the Rio Gold Zone to 38. Geochemical MMI soil surveying began in early May on the Mike-Power grid and was completed by the end of May. Results from the survey outlined what is interpreted to be a significant geochemical anomaly related to a buried gold-silver mineralized structure. The anomaly appears to be spatially associated with the Gold Creek Shear zone. The Gold Creek Shear Zone may represent the western extension of the Normandy Creek fault, a strongly altered shear hosting gold mineralization currently being mined by the Rice Lake Gold Corporation.

2007 - Line cutting in preparation for geophysical work (I.P. and Mag.) was conducted on the Poundmaker property in 2007.

2008 - In February 2008 the Company granted an option to Marum Resources Inc. on 72 contiguous claims in the Poundmaker property covering 12,176 hectares. Wildcat retained 26 claims covering 3,398 hectares which comprise the portion of the Poundmaker property known as the Mike Power area. During each year of this five year agreement, the Company will receive either $100,000 cash or, at Wildcat’s option, $50,000 cash and $100,000 of Marum shares at the market value at the time. In addition, during 2008 the Company will receive an additional $75,000 and 500,000 shares of Marum. Marum will carry out exploration work averaging $1 million per year and at the end of four years the Company may elect either to retain a 35% interest in the property by paying its share of costs from that point forward or to have Marum carry out a further $1 million of exploration work upon which the Company’s interest in the property will be transferred to Marum, subject to a 2% net smelter royalty in favour of Wildcat.

Marum's report on this option agreement reads as follows:
In February 2008, the Company signed an option agreement (the “Poundmaker Option Agreement”) to earn up to a 100% interest in a portion of Wildcat Exploration Ltd.’s (“Wildcat”) Poundmaker property for consideration comprised of cash plus common shares of the Company payable as follows:
- $25,000 cash paid upon execution of the Poundmaker Option Agreement and 500,000 common shares of the Company issued on February 25, 2008 upon receipt of approval of the transaction by the TSX Venture Exchange and valued at $95,000 based on the trading price of the Company’s shares on the date of issue;
- $50,000 cash paid in June 2008; and
- at Wildcat’s option, $100,000 cash or $50,000 cash plus up to 2 million common shares of the Company having an market value at the time of issuance of $100,000, for each year of the five year term of the Poundmaker Option Agreement.
In addition, the Company has agreed to incur exploration expenditures of $5 million during the term of the Poundmaker Option Agreement, of which approximately $82,015 has been incurred at September 30, 2008. After the Company has incurred $4 million of exploration expenditures,
Wildcat has the option to retain up to a 35% participating interest or to hold a 2% net smelter royalty in the Property

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Since the Mike Power area of Poundmaker was kept out of the Option agreement with Marum, I will deal with it as a separate property going forward.