PAW Acquires 70% Indirect Interest in Mrima Hill for Shares and Convertible Note

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") is
pleased to announce the Company and Finebrook Investments Pty Ltd., as trustee
for the O'Sullivan Superannuation Fund, and Dunross Capital Limited
(collectively the "Vendors") have agreed, subject to the acceptance of the TSX
Venture Exchange, to amend the terms of the Acquisition Agreement with respect
to the acquisition (the "Acquisition") of the indirect 70% interest in Cortec
Mining Kenya, owner of the Mrima Hill Niobium and Rare Earth Project, to settle
the previously agreed cash consideration of Cdn$10,960,147 (Aus$10,579,830) that
is payable to the Vendors on the closing of the Acquisition by a combination of
the issuance of common shares and a convertible promissory note.


On Closing the Company will issue to the Vendors an aggregate of 92,592,245
common shares of PAW at a deemed price of Cdn$0.11 per share (for a deemed value
of Cdn $ 10,185,147). The balance of Cdn$775,000 of the outstanding cash
consideration due to the Vendors will be paid by PAW by the issuance of a
convertible promissory note repayable at PAW's election at any time up to 12
months from the closing date of the Acquisition in cash. The Loan will bear
interest at the rate of 1% per month, compounded monthly and the principal and
any interest is convertible at any time by the Vendors into equity at a price of
Cdn$0.11. If the Vendor does not elect to convert to equity then any interest
and principal only becomes payable 12 months from the Closing date of the
Acquisition in cash.


Subject to TSXV approval the Vendors will also be issued 4,507,585 shares within
7 days.


The overall total value of the consideration to be paid to the Owners by the
Company on completion of the Acquisition has not changed.


Conditions Precedent to Final Closing includes:



1.  TSXV and any other regulatory approvals, 
2.  Approval of a majority of disinterested PAW shareholders, 
3.  PAW completing a debt or equity financing to raise proceeds of between
    Cdn $ 3,000,000 and $ 5,000,000 at a price of no less than CDN $0.11 per
    share for working capital purposes at Closing.



If TSX approval is received the Company will move to give notice of a
shareholder meeting to approve the transaction. Closing must take place on or
before the 12th September 2012.


The Mrima Hill Niobium and Rare Earth property is located 80 kilometres from
Mombasa, Kenya, the largest port in East Africa. The project is an ex Anglo
American and Pechiney property the subject of extensive historic work. PAW has
completed 7,897 metres of drilling on the project since 2010. In July 2011, PAW
completed an initial NI 43-101 compliant inferred niobium resource estimate of
105.3 million tonnes at 0.65% Nb2O5 for a total of 1.519 billion pounds
contained Nb2O5 to a depth of 30 metres from the surface. Ongoing exploration
work has shown Niobium and Rare Earth mineralisation extending to over 100
metres depth in places. The Company aims to release its maiden Total Rare Earth
Resource by the end of the calendar year and continues metallurgical work in
parallel with resource definition work.


Closing Comments: The Company's Chairman, Mr. Terry Lyons said: "We are very
pleased to be able to move towards closing on the Mrima Hill transaction. This
will give PAW 70% indirect interest in the Mrima Hill Niobium and Rare Earth
Project. The fact that the Vendors are prepared to take stock rather than cash
shows their firm belief in the future of the Mrima Hill project and we look
forward to welcoming two of their representatives onto the PAW Board in due
course."


ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.

Darren Townsend, President and CEO

About Pacific Wildcat Resources Corp. - PAW is a Canadian mineral exploration
company trading on the TSXV under the symbol "PAW". PAW has a producing tantalum
mine at Muiane in northern Mozambique, where it has the largest land position of
over 350 square kilometers on the Alto Ligonha pegmatite belt, the location of
numerous historic tantalum mines.


PAW's flagship project is located in Kenya, where a conditional contract is in
place providing the Company the right to acquire an indirect 70% interest in the
Mrima Hill niobium and rare earth project. This is an ex-Anglo American and
Pechiney property, which was the subject of extensive historical work. In July
2011, PAW completed an initial NI 43-101 compliant inferred niobium resource
estimate of 105.3 million tonnes at 0.65% Nb2O5 for a total of 1.519 billion
pounds contained Nb2O5 to a depth of 30 metres from the surface. 


For information about Pacific Wildcat Resources Corp. and its development and
exploration activities, shareholders and other interested parties are invited to
visit the company's website at www.pacificwildcat.com.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States or to, or for the
account or benefit of, any U.S. person. The securities have not been and will
not be registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act"), or any securities laws of any state of the United
States and may not be offered or sold within the United States or to, or for the
account or benefit of, any U.S. person unless an exemption from such
registration requirements is available. "United States" and "U.S. person" are as
defined in Regulation S under the U.S. Securities Act.


Investors are cautioned that trading in the securities of Pacific Wildcat
Resources Corp. should be considered highly speculative.


Cautionary note: This press release contains forward looking statements,
particularly those regarding cash flow, capital expenditures, work programs, the
estimation of mineral resources and the Company's plans with respect to the
exploration and development of its projects and its investment plans. By their
nature, forward looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in the future.
Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. There can be no assurance that the Company
will be able to obtain a mining licence or any of the permits that are required
in order to commence mining operations at the Mrima Hill project. The rare
earths resource estimates are considered speculative and therefore noncompliant
with NI 43-101 reporting standards and should not be relied upon. The Company is
not treating the rare earths resource estimates as current mineral resources or
reserves. The Company has not undertaken any independent investigation of the
rare earths resource estimates. The Company believes that these resource
estimates provide a conceptual indication of the potential of mineral
occurrences within the project and are relevant to ongoing exploration. The
Company intends to confirm the resource estimates through drilling currently
underway.
Pacific Wildcat Resources Corp. (TSXV:PAW)
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