WINNIPEG, May 11 /CNW/ - Wildcat Exploration Ltd. (TSX-V: WEL) announces the grant of incentive stock options to Mr. Sol Prizant to purchase up to 200,000 common shares in the capital stock of the Company at an exercise price of $0.30 per share, with an expiry date of May 11, 2011. The options are being issued in accordance with Mr. Prizant's engagement agreement with Wildcat Exploration Ltd. and are being issued pursuant to the Company's stock option plan which reserves for issuance shares equal in number to 10% of the Company's issued share capital at the time of the grant. Any shares issued upon the exercise of Options are subject to a four-month hold period pursuant to the policies of the TSX Venture Exchange. On behalf of the Board of Wildcat Exploration Ltd. "Jerrold Siemens" Jerrold Siemens Chairman About Wildcat Exploration Wildcat is a Winnipeg-based mineral exploration company actively exploring for gold and base metals in Canada. The company specializes in generating projects in-house and presently has six properties in Manitoba and Saskatchewan. Currently exploration is being conducted in the Bissett Gold mining camp, southeast Manitoba. Wildcat will explore the Zinc, Silver, Lead potential of the Wollaston Domain, Saskatchewan, along with Phelps Dodge and BHP-Billiton, companies recently active in the area.