The Poundmaker property is comprised of 98 contiguous claims covering 15,574 hectares in the Saxton Lake area of the Rice Lake greenstone belt, west of Bissett, Manitoba in which Wildcat holds a 100% interest. In February 2008 the Company granted an option, subsequently amended in February, 2009, to StrikePoint Gold Inc. (formerly Marum Resources Inc.) to acquire a portion of the property comprised of 72 claims covering 12,176 hectares, approximately 10 km northwest of the San Gold’s Rice Lake Gold Mine. Wildcat retained the remaining 26 claims located in the southeast quadrant, known as the Mike Power Project area. Pursuant to its work obligations under the multi-year option agreement, on or before March 1, 2010, StrikePoint will conduct $500,000 of exploration work on the optioned property and will pay up to $100,000 to Wildcat in cash or $150,000 in cash and shares. Further details of the option agreement are set out in the "Corporate Activities" section of this MD&A.

Exploration work pursuant to the StrikePoint’s work obligation under the Poundmaker option agreement is under the direction of the optionee. During 2009 StrikePoint commissioned a LIDAR survey of the Poundmaker property. This survey, using a laser on an airborne platform as a scanner, is capable of outlining subtle topographical features that could provide additional clues to the interpretation of areal structural controls. Following completion of the survey, which is being analyzed, StrikePoint personnel has been deployed in the field since June.