Wildcat Exploration Issues Stock Option Grant

WINNIPEG, July 10 /CNW/ - Wildcat Exploration Ltd. WEL-TSXV (the Company) announces that it has granted, subject to regulatory approval, incentive stock options to purchase up to 500,000 common shares of the Company to John L. Knowles, its incoming President and Chief Executive Officer of the Company under its stock option plan. The options are exercisable for a five year period at an exercise price of $0.275 per share and vest in equal annual installments over a three year period.

About Wildcat Exploration Ltd.

Wildcat Exploration Ltd. explores and develops mineral properties in Canada. Its portfolio includes the Foster River lead-zinc property in Saskatchewan and the Rice Lake gold and platinum group elements package in Manitoba. In building its portfolio, Wildcat welcomes proposals from owners of advanced exploration properties.

For further information on the company please visit our website at www.wildcat.ca or contact us at info@wildcat.ca.

On behalf of the Board

"Robert Dzisiak"

Chairman

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this press release.

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