Wildcat Shareholders Receive Positive Developments at AGM

    WINNIPEG, Sept. 27 /CNW/ - Wildcat Exploration Ltd. (TSXV: WEL). The
Company is pleased to report that, with more than 60% of the Company's shares
represented at the Annual General and Special Meeting held in Winnipeg,
Manitoba on September 20, 2007, voting was unanimous in electing the proposed
slate of directors to the board, which now consists of Robert M. Dzisiak
(Chairman), John L. Knowles (President and CEO), Denis G. Fillion, and Andrew
W. Daniels.
    Mr. Jerrold Siemens, a significant contributor to the company's
development of the past few years, did not stand for reelection in order to
devote more time to his own business endeavours. On behalf of the shareholders
the Board takes this opportunity to thank Mr. Siemens for his past efforts,
and wishes him continued success in the future.
    During the meeting shareholders viewed presentations by the Company's
senior geologist, Dr. Peter Theyer, on the results of the past year's
exploration efforts. These were highlighted by the encouraging results to date
on its Jeep gold, nickel, copper, PGE property in the Rice Lake greenstone
belt as well as the recent findings from summer efforts on the Reed Lake and
Iskwasum properties in the Flin Flon-Snow Lake greenstone belt.
    The meeting attendees were also offered a review by Dr. Paul G. Spry, a
world expert on Broken Hill Type zinc lead silver deposits, and a member of
Wildcat's recently announced Technical Advisory Panel. Analytical work guided
by Dr. Spry, ongoing since 2005, now confirms that the Company's Foster River
Project, 120 kilometers northwest of La Ronge Saskatchewan, hosts
mineralization similar to Broken Hill deposits in other parts of the globe.
    The complete presentation is available on the Company's website at

    About Wildcat Exploration Ltd.

    Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold
and base metals in Canada. Its portfolio includes: (1) the Foster River zinc
project in Saskatchewan, (2) three gold properties and one gold and platinum
group element (PGE) property in the Rice Lake greenstone belt in Manitoba, and
(3) two PGE properties in the Snow Lake area of Manitoba. As the Company
builds its property portfolio, Wildcat welcomes proposals from owners of
advanced Canadian exploration properties.

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

    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 the SEDAR website (www.sedar.com).

    This news release may contain "forward-looking information", within the
meaning of applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to
Wildcat's exploration program and plans. Generally, forward-looking
information can be identified by the use of forward-looking terminology such
as "believes", "plans", "seeks", "expects", "budget" or variations of such
words or statements that certain actions, events or results may, could, will,
will be, would be or are expected to be. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Wildcat to be materially different from those expressed or implied by such
forward-looking information, including risks associated with the mineral
exploration and mining industry such as economic factors, government
regulation and approvals, environmental risks, success of exploration
activities, future commodity prices, capital expenditures, requirements for
additional capital, changes in project parameters as plans continue to be
refined, conclusions of economic evaluations, the Company's history of
operating losses and uncertainty of future profitability. Important factors
that pertain to the risks and uncertainties associated with the Company's
business are discussed more fully in the Company's disclosure documents filed
from time to time with the Canadian securities regulators and available on
www.sedar.com. Although Wildcat has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking
information. Wildcat does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.

    %SEDAR: 00014885E

For further information:

For further information: Wildcat Exploration Ltd., Wayne Stebbe, Vice
President, Investor Relations, info@wildcat.ca, Suite 203, 1780 Wellington
Avenue, Winnipeg, Manitoba, R3H 1B3, Phone: (204) 944-8916, Fax: (204)

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