WINNIPEG, MANITOBA--(Marketwire - July 8, 2009) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce addtional results from the summer exploration program being conducted on the Company's Jeep property, located 13 km east of Bissett, Manitoba in the Rice Lake greenstone belt.

Two new gold showings have been discovered at surface, in the vicinity of the underground workings of the Jeep mine, historically the highest average grade gold producing mine in Manitoba. These showings are in addition to the quartz-hosted gold showing previously reported by the Company (see News Release, June 25, 2009). The gold assays from the previous showing and the new showings are summarized in Table 1.

Table 1 Summary of Jeep Project 2009 Gold Occurrences

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                                                                 Gold Assay
Occurrence                                                         (g/tonne)
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Showing 1 (June 25, 2009 news release)
Sample 1                                                               1.77
Sample 2                                                               1.47
Sample 3                                                              35.39
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Showing 2
Sample 1                                                               7.92
Sample 2                                                               8.23
Sample 3                                                               0.96
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Showing 3
Sample 1                                                               1.64
Sample 2                                                              12.35
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Showing 2 is located approximately 200 metres west of the historic Jeep mine shaft and Showing 3 is located approximately 400 metres southeast of the Jeep mine shaft. Wildcat geologists collected the samples from quartz exposures on surface, guided by the Company's geological model and evidence of historical trenching activity.

All three new gold showings discovered during the 2009 program are the result of modeling known historical geophysical, geochemical and drilling data on the property, including Wildcat's exploration drill program of 2006-2008, and drill results from the historic record. A plan view map of the area, including the showings and their relationship to the underground workings of the historic Jeep mine, is on the Company's website, www.wildcat.ca.

Wildcat has applied for a permit to conduct a more detailed examination of these new discoveries. This work will focus on the geologic relationship of the new gold showings to each other and to the known structures which host the historic Jeep mine. The program will involve mechanical and hydraulic stripping of overburden, detailed mapping and additional rock sampling.

"We are encouraged by the recent results and by the fact that they support the model developed by our geologists earlier this year" said John Knowles, Wildcat's CEO. "Our planned work programs on the Jeep project will continue through the remainder of 2009 and we will also be working on the Company's other projects in the Rice Lake area where our holdings encompass some 26,000 hectares. Recent success by San Gold Corporation in finding new gold zones in the vicinity of the historic San Antonio mine at Bissett is bringing renewed attention to the established gold potential of the area."

Wildcat's exploration program is managed by Peter Theyer, P.Geo, a Qualified Person as defined by NI 43-101, who has reviewed all technical information in this release.