WINNIPEG, MANITOBA--(Marketwire - Nov. 26, 2009) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it has arranged to offer, subject to regulatory approval, a non-brokered private placement of up to three million units to raise gross proceeds of up to $675,000. Each unit is comprised of one flow-through common share and one half of one warrant, with one full warrant exercisable to purchase one non-flow through common share for one year from the date of closing. The units are each priced at $0.225.

The proceeds of the private placement will be used for exploration activities on the Company's properties, all of which are in Canada. These include the Jeep, Mike Power, Garner and Siderock gold projects in the Rice Lake Greenstone Belt of Manitoba, the Reed Lake base metal and PGE project in the Flin Flon greenstone belt of Manitoba, and the zinc-lead project at Foster River, Saskatchewan.

The Company will pay a cash finder's fee of up to 5% of the gross proceeds raised from the sale of Units and will issue finders' warrants to purchase common shares on terms identical to those of the warrants contained in the units, in an amount that is up to 5% of the number of units sold, in connection with investors introduced by the finder to the Company.