Expands Project Area, Flin Flon-Snow Lake District

is pleased to announce that the

next phase of exploration on the Company’s 100% owned Reed Project has begun with the mobilization of a

six person exploration team onto the property.

The Reed Project is situated 35 kilometres southwest of the town of Snow Lake, Manitoba. The Snow Lake

mining camp has recently witnessed renewed interest with the discovery of the Lalor deposit (Zn, Cu, Au) by

HudBay Minerals Inc. In the vicinity of the Reed Project, the area has been the focus of other recent

exploration successes at the “Discovery Zone” (Cu, Zn) on the VMS Ventures Inc./HudBay property, the “Rail“

deposit (Cu, Zn) optioned by Rockcliff Resources Inc. from HudBay, and the Wine property (Ni, Cu) belonging

to Cream Minerals Ltd.

The Reed Project is underlain by volcanic and intrusive rocks belonging to the Flin Flon – Snow Lake

greenstone belt, which host the recent discoveries previously mentioned. Geophysical data suggest that these

rocks trend onto the Reed Project along strike from the Rail and the Wine mineralization, both types of which

have distinctive conductive signatures. This positions the Reed Project to host either or both deposit types.

Wildcat’s 2010 program includes mapping, sampling and surface geophysical surveys with a focus on

conductors generated from previous airborne surveys. The current program will involve surface investigation to

validate and prioritize these conductors for drill testing in the 2010/11 winter drill season.

The Company recently staked additional claims on the northeast flank of the property, increasing the total area

to 8,037 hectares in 43 contiguous claims. The current Reed program includes geological mapping and

sampling on the new claims. A map of the project including the new claims will be posted at

on