Wildcat Special Meeting of Shareholders Adjourned to April 26, 2007

    TSX-V Trade Symbol: WEL

    WINNIPEG, MB, April 19 /CNW/ - Wildcat Exploration Ltd. announced today
that the Special Meeting of Shareholders, previously scheduled for Thursday,
April 12, 2007 will convene on April 26, 2007 at the Victoria Inn, 1808
Wellington Avenue, Winnipeg, Manitoba at 10:00 a.m.
    The adjournment is a result of a Manitoba court order granted to the
dissident shareholders on a motion made without notice to the Company, on
Wednesday, April 11, 2007 and the subsequent court order delivered on Tuesday,
April 17, 2007.
    Votes by proxy can be submitted up to 10:00 a.m. on April 26, 2007. Votes
that were submitted by shareholders previously will be counted and do not need
to be sent in again. Shareholders who have already voted a BLUE proxy do not
need to take any further action.
    The Board and dissident shareholders will mutually agree upon an
independent Chairperson for the Special Meeting, a common practice for special
meetings of this nature.
    The dissident shareholders sought the initial court order after the
deadline had passed for the filing of proxies for the Special Meeting. One of
the dissidents, Shlomo Prizant, claimed he was unable to submit one of his
proxies in time to meet the previously agreed deadline of 10:00 a.m. (Central
time) on April 10, 2007. This proxy deadline was disclosed in the Notice of
Special Meeting of Shareholders, the Management Information Circular of the
Company and in the Company's form of proxy, all of which were filed on SEDAR
on March 12, 2007 and mailed to shareholders on March 13, 2007.
    An earlier proxy deadline of 5:00 p.m. (Central time) on April 9, 2007
was also set by the dissident shareholders in the dissident circular and form
of proxy, which were filed on SEDAR on March 23, 2007. The dissident
shareholders reiterated this deadline in a news release, filed on SEDAR on
April 4, 2007.
    "Wildcat shareholders are being affected by the dissidents' apparent
inability to meet the requirements of their own voting procedures. The
dissidents have acknowledged that they had a month to vote their shares but
failed to do so. They also had a month to ask for a change to the Chair of the
meeting, but did nothing until after the proxy deadline had passed," said
Jerrold Siemens, Chairman and Interim Chief Executive Officer of Wildcat. "The
dissidents' actions have led to a delay in Wildcat's shareholders having their
opportunity to speak and vote but our shareholders will have that opportunity
shortly. We are confident they will reject the dissidents' efforts to take
control of Wildcat."
    "The Board is determined to continue moving the Company forward while
protecting the rights and value of the Company for its shareholders," Mr.
Siemens said.

    About Wildcat Exploration Ltd.

    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

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

    %SEDAR: 00014885E

For further information:

For further information: Shareholder Contact: Kingsdale Shareholder
Services Inc., Exchange Tower, Phone: 1-866-877-2571, Email:
contactus@kingsdaleshareholder.com; Media Contact: John Lute, Lute & Company,
Phone: (416) 929-5883, Email: jlute@luteco.com

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