Wildcat Exploration Ltd. - Investor Relations Agreement

    WINNIPEG, Aug. 3 /CNW/ - Wildcat Exploration Ltd. (the "Company") wishes
to clarify its news release of July 27, 2007. The Company extended the term of
the investor relations agreement dated July 28, 2006 (the "Agreement") between
the Company and 3469264 Manitoba Ltd. (the "Consultant") for an additional
four month term at the current monthly rate of $8,000. All other terms of the
Agreement remain unchanged. Total anticipated cost of the extended term is
    The Consultant is a Winnipeg based private corporation owned by Mr. Wayne
Stebbe. Under the terms of Agreement, Mr. Stebbe will act as an investor
relations consultant and assist Wildcat in the promotion of its corporate
activities and provide information to the investment community. Mr. Stebbe,
has 28 years in the financial services industry as registered financial
    The Consultant and Mr. Stebbe collectively own 599,000 commons shares of
the Company and options to acquire a further 175,000 of which 100,000 will not
vest until after July 25, 2008.

    About Wildcat Exploration Ltd.

    Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold
and base metals in Canada. It has two major project areas in Manitoba: gold
and base metals in the Rice Lake/Bissett area and a nickel-copper-PGE prospect
in the Flin Flon/Snow Lake area. In addition the Company's Foster River
project in Saskatchewan is prospective for a potential Broken Hill type
zinc-lead-silver occurrence. In building its property portfolio, Wildcat
welcomes proposals from owners of advanced Canadian exploration properties.
    For further information on the Company please visit our website at
www.wildcat.ca or contact us at info@wildcat.ca. The Company's public filings,
including its most recent audited consolidated financial statements, can be
reviewed on its website or on the SEDAR website at www.sedar.com.

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

    %SEDAR: 00014885E

For further information:

For further information: Wildcat Exploration Ltd., John Knowles,
President and CEO, Wayne Stebbe, Vice President, Investor Relations, Suite
203, 1780 Wellington Avenue, Winnipeg, Manitoba, R3H 1B3, Phone: (204)
944-8916, Fax: (204) 944-8918

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