Wildcat Silver Corporation (the “Company”) announces further to its news release, dated May 17, 2006 that it has closed the acquisitions of the La Bodega and California Vetas gold properties in Colombia, the Hardshell silver property in Arizona and financings totaling $10,632,625.

In addition, the Company commenced trading on the Canadian Trading & Quotation System (the “CNQ”) effective Tuesday May 23rd, 2006 under the symbol WILD. The Company is underway with exploration programs in Colombia and Arizona and will detail these programs in the next few weeks.

For further information visit the Company’s new website www.wildcatsilver.com

On behalf of the Board of Directors,
Donald B. Clark
Interim President, Director and CFO