WINNIPEG, Aug. 3 /CNW/ - Wildcat Exploration Ltd. (the "Company") wishes to clarify its news release of July 27, 2007. The Company extended the term of the investor relations agreement dated July 28, 2006 (the "Agreement") between the Company and 3469264 Manitoba Ltd. (the "Consultant") for an additional four month term at the current monthly rate of $8,000. All other terms of the Agreement remain unchanged. Total anticipated cost of the extended term is $32,000.
The Consultant is a Winnipeg based private corporation owned by Mr. Wayne Stebbe. Under the terms of Agreement, Mr. Stebbe will act as an investor relations consultant and assist Wildcat in the promotion of its corporate activities and provide information to the investment community. Mr. Stebbe, has 28 years in the financial services industry as registered financial advisor.
The Consultant and Mr. Stebbe collectively own 599,000 commons shares of the Company and options to acquire a further 175,000 of which 100,000 will not vest until after July 25, 2008.
About Wildcat Exploration Ltd.
Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. It has two major project areas in Manitoba: gold and base metals in the Rice Lake/Bissett area and a nickel-copper-PGE prospect in the Flin Flon/Snow Lake area. In addition the Company's Foster River project in Saskatchewan is prospective for a potential Broken Hill type zinc-lead-silver occurrence. In building its property portfolio, Wildcat welcomes proposals from owners of advanced Canadian exploration properties.
For further information on the Company please visit our website at www.wildcat.ca or contact us at info@wildcat.ca. The Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on its website or on the SEDAR website at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00014885E