Wildcat and Doe Run Canadian Exploration Form Strategic Exploration Alliance

Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it has
entered into a strategic, base metal exploration agreement (the "Alliance") with
Doe Run Canadian Exploration ULC, a British Columbia registered company. Under
the terms of the two year agreement, which may be extended, Doe Run Canadian
Exploration will fund the work and hold a 100% interest in the property
interests of the Alliance. Wildcat will act as Manager of the Alliance projects
and will design and carry out exploration programs on properties in Canada
selected by both parties. In addition, Wildcat will retain the right to acquire
up to a 30% interest in any properties (the "Earn-In Right").


Either party may propose properties for inclusion in the Alliance. Initial
projects are expected to include certain base metal properties in Atlantic
Canada (the "Exploration Area"), together with any other properties accepted for
inclusion by the parties. Negotiations to acquire the first two properties to be
formally included in the Alliance are in progress.


Gold properties and base metal properties outside the initial Exploration Area
are excluded from the Alliance; however, either party may propose any such
property to the Alliance. Wildcat may exercise its Earn-in Right with respect to
a particular property by notifying Doe Run Canadian Exploration of its intent to
acquire an interest at any time after the Earn-in Right start date as set out in
the agreement and prior to the completion of a feasibility study. By performing
and funding all subsequent expenditures on the property equal to 40%, 70% or
100% of Doe Run Canadian Exploration's expenditures on the property Wildcat will
earn, respectively, 10%, 20% or 30% interest in the property.


In addition to exploration under the Alliance, Wildcat plans to continue
exploring for gold and base metals on its current property portfolio, and adding
to the portfolio when new opportunities arise. Winter drill programs on
Wildcat's current projects will be announced as plans are finalized.


"The Alliance with Doe Run Canadian Exploration brings new opportunities for
success in base metal exploration. We believe that the Earn-in Right adds
significant new potential for Wildcat while controlling our financial and
exploration risk," said Wildcat CEO, John Knowles. "In addition, and separate
from the Alliance, several of our gold and base metal projects are at the
drilling stage, and we will be working to advance them in the coming year."


The initial properties in the Alliance are expected to be located in the area of
Bathurst, New Brunswick. The Alliance plans to advance the sites to the drill
stage as quickly as possible in anticipation of drill testing during 2013.


Commenting on the initial focus of the properties in the Alliance, Tom Lewis,
Wildcat's V.P. Exploration, said, "The Bathurst Mining Camp is a world class
geological environment in which to explore for base metals. We look forward to
working with Doe Run Canadian Exploration, and applying an exploration approach
utilizing the skill sets of both companies in this well known mining area."


Wildcat's exploration program is managed by Tom Lewis, P. Eng., a Qualified
Person as defined by NI 43-101, who has reviewed all technical information in
this release.


About Wildcat

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base
metals in Canada. It manages exploration on its own properties in Ontario,
Manitoba and Saskatchewan and is the manager of the Doe Run Canadian Exploration
- Wildcat Exploration Alliance which explores in Canada for base metal deposits.


For further information on Wildcat, please visit www.wildcat.ca.

Cautionary Note

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. 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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wildcat Exploration Ltd.
John Knowles
President & CEO
(204) 944-8916
info@wildcat.ca
www.wildcat.ca


CHF Investor Relations
Cathy Hume
CEO
(416) 868-1079 ext. 231
cathy@chfir.com
Wildcat Exploration Ltd. (TSXV:WEL)
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