Wildcat Exploration Sets Drilling Plans for Island Lake, NB Project

Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it plans
to commence the next phase of diamond drilling and other work programs at the
Island Lake, N.B. property in May 2014 under the Wildcat - Doe Run Canadian
Exploration Alliance (the "Alliance"). The drilling will follow up on
encouraging 2013 drill results in the Railroad Zone. Concurrently, a program of
mapping, soil geochemistry and geophysics will be performed on the Captain West,
Roche Long Lac and other areas of the property. 


The Island Lake property is located approximately 4 km southeast of the former
Heath Steele zinc-lead mine in Northumberland County, N.B.


The planned drill program includes approximately 1,200 m in three holes. The
objective of the drilling is to demonstrate increased tonnage potential by
drilling down dip and along strike from IL-2013-002b. In 2013, IL-2013-002b
intersected 6.5% Zn, 3.2% Pb, and 0.4 % Cu across 2.08 m. (see news release
dated September 9, 2013). Concurrently with the drilling, ground surveys
including geophysics, geochemistry and geological mapping will performed on
approximately 21 new EM anomalies have been identified, in order to rank the
targets for subsequent drilling. 


Tom Lewis, Wildcat's VP Exploration, commented, "The Island Lake property is
underlain by the same types of rocks that host the nearby Heath Steele mine. We
believe the Island Lake property in particular, and the Bathurst Camp in
general, continue to have good exploration potential, due to the poorly
conductive nature of many of the area's lead-zinc deposits. I am pleased the
Alliance plans to follow up on known mineralization on the Railroad Zone, as
well as to develop new targets on untested and overlooked weaker conductors." 


The Alliance is a strategic, base metal exploration agreement between Wildcat
and Doe Run Canadian Exploration ULC ("Doe Run Canadian"), a British Columbia
registered company (see news release December 11, 2012). Under the terms of the
Alliance, properties are acquired and held by Doe Run Canadian, subject to
Wildcat's right, under certain circumstances, to earn up to a 30% interest in
one or more properties.


Drill intercept widths in this release represent metres down hole, not true
width, calculation of which is pending geological interpretation.


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. In addition, Wildcat is the manager of the Wildcat -
Doe Run Canadian Exploration Alliance which explores in Canada for base metal
deposits.


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

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy and accuracy of this release.


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
Wildcat Exploration Ltd. (TSXV:WEL)
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