WINNIPEG, MANITOBA--(Marketwire - Nov. 26, 2009) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it has arranged to offer, subject to regulatory approval, a non-brokered private placement of up to three million units to raise gross proceeds of up to $675,000. Each unit is comprised of one flow-through common share and one half of one warrant, with one full warrant exercisable to purchase one non-flow through common share for one year from the date of closing. The units are each priced at $0.225.

The proceeds of the private placement will be used for exploration activities on the Company's properties, all of which are in Canada. These include the Jeep, Mike Power, Garner and Siderock gold projects in the Rice Lake Greenstone Belt of Manitoba, the Reed Lake base metal and PGE project in the Flin Flon greenstone belt of Manitoba, and the zinc-lead project at Foster River, Saskatchewan.

The Company will pay a cash finder's fee of up to 5% of the gross proceeds raised from the sale of Units and will issue finders' warrants to purchase common shares on terms identical to those of the warrants contained in the units, in an amount that is up to 5% of the number of units sold, in connection with investors introduced by the finder to the Company.

About Wildcat Exploration Ltd.

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) several precious metal properties in the Rice Lake greenstone belt in Manitoba, (2) the Reed Lake base metal and PGE property in the Snow Lake area of Manitoba and (3) the Foster River zinc-lead project in Saskatchewan . As the Company builds 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 the SEDAR website (www.sedar.com)

Source: Wildcat Exploration Ltd.

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. 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.