Vancouver, B.C., September 4, 2009 - Wildcat Silver Corporation (TSX-V: WS) (“Wildcat” or “the Company”) has granted 2,648,000 incentive stock options to directors, officers, employees and consultants of the Company. The options are exercisable at $0.485 per share for a period of five years, and are subject to various vesting periods of up to 36 months. The shares issuable under the options are subject to a four-month hold period and are subject to regulatory approval.

About Wildcat
Wildcat is a Canadian mineral exploration company focused on development of the Hardshell project in Santa Cruz County, Arizona. The Hardshell property is held by Arizona Minerals Inc., of which Wildcat is an 80% owner. Wildcat trades on the TSX Venture Exchange under the symbol WS.

For additional information please visit www.wildcatsilver.com or contact:
Meghan Brown, Investor Relations Manager
tel 604 638 2002
email mbrown@wildcatsilver.com

On behalf of the Board of Directors,
/s/ Chris Jones
Chris Jones
President and Chief Executive Officer

FORWARD LOOKING STATEMENTS
The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Wildcat’s latest annual report and management discussion and analysis. Wildcat assumes no obligation to publicly update any forwardlooking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.