PRESS RELEASES 2/29/2012 8:00:00 AM | Marketwire News
PAW Successfully Commissions Secondary Plant at Muiane Tantalum Mine
February 29, 2012 - 08:00:00 AM
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2012) - Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") is pleased to report the completion and successful commissioning of the Tantalum Mineral Dressing Plant (Secondary Plant) at its Muiane operations. PAW is the 100% owner of the Muiane Tantalum Project in Mozambique where the Company has over 350 square kilomtres of tenements on the Alto Ligonha pegmatite belt, host to a number of historic Tantalum mines. The Secondary Plant is used for mineral dressing purposes to upgrade Tantalum concentrate from the Company's Primary Plant to a grade that is saleable. The equipment in the Secondary Plant consists of Jaw and Rolls crushers, feed bins, conveyors, specialist rare earth magnets, twin deck screens, Sweco screens and air tables. This equipment has been supplied by Nagrom Mineral Processors, who have specialist expertise in Tantalum mineral dressing plants. In addition during this quarter the Primary Plant has been fitted with new higher performance pumps that have improved the overall performance of the Primary Plant. The Primary Plant is now operating on a two shift per day production cycle to increase the level of Tantalum concentrate production.

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Closing Comments

PAW's President, Mr. Darren Townsend, commented, "The successful commissioning of the Secondary plant at Muiane is a pivotal moment in the history of PAW as it allows us to produce a Tantalum product that is expected to be of a saleable grade. Whilst we await confirmatory assays for the concentrate produced we continue to produce final product on site. It is the aim of the Company to commence marketing and selling its Tantalum concentrate early in the second quarter."

ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.

Darren Townsend, President

About Pacific Wildcat Resources Corp. - Pacific Wildcat is a Toronto Venture Exchange listed Canadian mineral exploration company having the trading symbol "PAW". It has a producing Tantalum mine at Muiane in northern Mozambique where it has the largest land position of over 350 square kilometers on the Alto Ligonha pegmatite belt, the location of numerous historic Tantalum mines.

PAW's flagship project is located in Kenya where a conditional contract is in place whereby the Company has the right to acquire an indirect 70% interest in the Mrima Hill Niobium and Rare Earth Project. This is an ex Anglo American and Pechiney property the subject of extensive historic work. In July 2011 the Company completed an initial NI 43-101 compliant inferred Niobium resource estimate of 105.3 million tonnes at 0.65% Nb2O5 for a total of 1.519 billion pounds contained Nb2O5 to a depth of 30 metres from the surface In addition, substantial rare earths mineralisation has been identified and work has just commenced on a Rare Earth Resource RC drilling program