Wildcat Intersects Additional High Grade Gold and Significant Palladium Mineralization at Jeep Project in Bissett, Manitoba



    WINNIPEG, April 3 /CNW/ - Wildcat Exploration Ltd. (WEL - TSX.V) is
pleased to report assay results from holes JP-07-09, JP-07-10 and JP-07-11.
The drill holes were collared 300 meters southeast of the historic Jeep mine
shaft. All three holes were drilled from this location at angles of -67, -58
and -45 degrees, respectively.
    Significant gold values intersected include 56.38 gpt gold over
0.38 meters from 204.39 to 204.77 meters in hole JP-07-10. Additional
significant gold values intersected include 17.63 gpt gold over 0.72 meters in
hole JP-07-11 from 183.00 to 183.72 meters (see table below).

    
    Table 1: Intersected widths and gold concentrations of mineralized
    sections interpreted as equivalent to the No. 1 Jeep gold mine vein.(*)
    -------------------------------------------------------------------------
    Drill Hole No.  From (meters)  To (meters)  Width (meters)  Gold (gpt)
    -------------------------------------------------------------------------
    JP-07-09        269.92         270.35       0.43            1.46
    -------------------------------------------------------------------------
    JP-07-10        204.39         204.77       0.38            56.38
    -------------------------------------------------------------------------
    JP-07-11        183.00         183.72       0.72            17.63
    -------------------------------------------------------------------------
    (*)True widths have yet to be determined
    

    These holes were drilled 35 meters southeast of hole JP-06-05 (which
intersected 109.5 gpt gold over 0.78 meters; see press release dated
December 11, 2006).
    All holes were drilled to test the southeastern extension of the No. 1
gold-bearing quartz vein of the former Jeep Gold mine, and to test for
Ni-Cu-PGE concentrations within the disseminated and massive sulphides
surrounding this vein.

    JP-07-09
    --------

    JP-07-09 was drilled 35 meters southeast of hole JP-06-05 at an angle of
-67 degrees. The hole intersected the interpreted No.1 vein structure at
269.92 meters downhole. The vein assayed 1.46 gpt Au over 0.43 meters.

    JP-07-10
    --------

    This hole was drilled on the same site as JP-07-09, but at an angle of
-58 degrees. An interval of anomalous Ni-Cu-PGE concentrations was intersected
in this hole. Extending from 93.03 to 98.39 m downhole, the interval assayed
0.16 gpt Au, 1.9 gpt Ag, 0.17% Cu, 0.40% Ni, 90 ppm Co, 58 ppb Pd and 43 ppb
Pt over 5.36 meters. This intersection includes 1 meter of 0.19 gpt Au,
2.4 gpt Ag, 0.2% Cu, 0.83% Ni, 160 ppm Co, 60 ppb Pd and 25 ppb Pt from 97.03
to 98.03 meters.

    JP-07-11
    --------

    Two significant mineralized zones were intersected in hole JP-07-11. This
hole was drilled on the same site as JP-07-09 and JP-07-10, at an angle of
-45 degrees.
    The first zone, a wide interval of Ni-Cu-PGE anomalous mineralization,
was intersected from 102.7 meters to 116.1 meters downhole assaying
0.25 gpt Au, 1.9 gpt Ag, 0.2% Cu, 0.28% Ni, 83 ppm Co, 46 ppb Pd and 45 ppb Pt
over 14.4 meters. This intersection includes 0.3 gpt Au, 2.2 gpt Ag, 0.27% Cu,
0.64% Ni, 140 ppm Co, 70 ppb Pd and 100 ppb Pt from 106.1 to 107.1 meters.
    A second significant zone of Ni-Cu-PGE mineralization was intersected
including 2.63 gpt palladium, 25 ppb platinum, 0.59% nickel, 0.19% cobalt,
0.31 gpt gold, 2.6 gpt silver and 0.23% copper over 0.3 meters from 214.87 to
215.17 meters. This mineralization consisting of disseminated fine-grained
pyrrhotite is hosted by an intensely deformed shear zone characterized by
finely banded chloritized amphibole interlayered with quartz bands in tension
gashes.
    Wildcat's 2007 exploration program on the Jeep Property is being managed
by Tim Tuba, P.Geo. and Peter Theyer, P.Geo.; both are Qualified Persons as
defined by NI 43-101. Drill cores are to be cut in half using a diamond saw,
with one-half placed in sealed bags, and delivered to TSL Labs facility in
Saskatoon, Saskatchewan. A sample quality control/quality assurance program
has been implemented. All technical information in this release has been
reviewed by Tim Tuba, P.Geo. as the Qualified Person on behalf of Wildcat.

    Wildcat is a Winnipeg-based mineral exploration company actively
exploring for gold and base metals in Canada. For further information on the
Company please visit our website at www.wildcat.ca or contact us at
info@wildcat.ca.

    On behalf of the Board

    "Jerrold Siemens"
    Interim President and CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    

SOURCE: Wildcat Exploration Ltd. This news release may contain forward-looking statements based on some assumptions and judgments regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements. %SEDAR: 00014885E

For further information:

For further information: Wildcat Exploration Ltd., Jerrold Siemens,
President and CEO, e-mail: j.siemens@wildcat.ca, Unit 203-1780 Wellington
Avenue, Winnipeg, Manitoba, R3H 1B3, Phone: (204) 944-8916, Fax: (204)
944-8918; Additional Information: info@wildcat.ca, Company website:
www.wildcat.ca

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