Wildcat Silver Press Releases

Wildcat Silver completes acquisition of Riva Gold

Mon, 06 May 2013 17:28:00 -0400

VANCOUVER, May 6, 2013 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat") and Riva Gold Corporation (TSX-V: RIV) ("Riva") are pleased to announce the completion of the acquisition of Riva by Wildcat as announced on March 4, 2013. A definitive agreement was entered into and announced on April 4, 2013 providing for the acquisition by Wildcat of all the outstanding common shares of Riva in consideration for one common share of Wildcat for 4.7 common shares of Riva. The transaction was approved by the Riva shareholders at the annual general and special meeting held on May 3, 2013.

With the acquisition now complete, shares of Riva are no longer trading and will be delisted from the TSX Venture Exchange.

About Riva
Riva was a Canadian-based mineral exploration company that was focused on identifying and developing new discoveries. Riva was assessing its strategic alternatives and evaluating potential opportunities with the objective of taking a staged approach to its activities.

About Wildcat
Wildcat is a Canadian mineral exploration company focused on the development of its 80% owned Hermosa silver project located in Santa Cruz County, Arizona. The project currently has a preliminary economic assessment completed which estimates average annual production of over 15 million ounces of silver for the first five years and a 16 year mine life, making it one of the largest undeveloped silver projects in the USA. Hermosa's measured and indicated mineral resource consists of 194 million tonnes averaging 37.7 grams per tonne silver for a total of 236 million ounces of silver and an inferred mineral resource of 80 million tonnes averaging 30.9 grams per tonne silver for a total of 79 million ounces of silver as announced in the August 9, 2012 press release.

FORWARD-LOOKING STATEMENTS
Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

The forward-looking statements are based on a number of assumptions which, while considered reasonable by Wildcat, are subject to risks and uncertainties. In addition to the assumptions herein, these assumptions include the assumptions described in Wildcat's management's discussion and analysis for the period ended December 31, 2012 ("MD&A"). Wildcat cautions readers that forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements and forward-looking statements are not guarantees of future results, performance or achievement. These risks, uncertainties and factors include general business, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in project parameters; changes in costs, including labour, infrastructure, operating and production costs; future prices of silver and other minerals; variations of mineral grade or recovery rates; operating or technical difficulties in connection with exploration, development or mining activities, including the failure of plant, equipment or processes to operate as anticipated; delays in completion of exploration, development or construction activities; changes in government legislation and regulation; the ability to maintain and renew existing licenses and permits or obtain required licenses and permits in a timely manner; the ability to obtain financing on acceptable terms in a timely manner; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business; and the factors discussed in the section entitled "Risks and Uncertainties" in the MD&A.

Although Wildcat has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking information, there may be other risks, uncertainties and other factors that cause performance, achievements, actions, events, results or conditions to differ from those anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and Wildcat disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law.

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.

Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Tel: 1 416 860 6310
Email: lcornacchia@rivagoldcorp.com or lcornacchia@wildcatsilver.com

Riva Gold shareholders approve acquisition by Wildcat Silver

Fri, 03 May 2013 14:01:00 -0400

VANCOUVER, May 3, 2013 /CNW/ - Riva Gold Corporation (TSXV: RIV) ("Riva") and Wildcat Silver Corporation (TSX: WS) ("Wildcat") announce that the acquisition of Riva by Wildcat was approved at Riva's annual general and special meeting of shareholders today. The acquisition of Riva by Wildcat was announced on March 4, 2013 and a definitive agreement was entered into and announced on April 4, 2013 providing for the acquisition by Wildcat of all the outstanding common shares of Riva in consideration for one common share of Wildcat for 4.7 common shares of Riva.

The transaction will be completed by way of the amalgamation of Riva and a wholly-owned subsidiary of Wildcat under the Business Corporations Act (British Columbia). Full details on the transaction can be found in Riva's management information circular dated April 3, 2013, which is available on SEDAR (www.sedar.com) under Riva's SEDAR profile. Subject to customary regulatory approval, Riva expects the transaction to be completed on May 6, 2013.

About Riva
Riva is a Canadian-based mineral exploration company that was focused on identifying and developing new discoveries. Riva was assessing its strategic alternatives and evaluating potential opportunities with the objective of taking a staged approach to its activities. Riva trades on the TSX Venture Exchange under the symbol "RIV".

About Wildcat
Wildcat is a Canadian mineral exploration company focused on the development of its 80% owned Hermosa silver project located in Santa Cruz County, Arizona. The project currently has a preliminary economic assessment completed which estimates average annual production of over 15 million ounces of silver for the first five years and a 16 year mine life, making it one of the largest undeveloped silver projects in the USA. Hermosa's measured and indicated mineral resource consists of 194 million tonnes averaging 37.7 grams per tonne silver for a total of 236 million ounces of silver and an inferred mineral resource of 80 million tonnes averaging 30.9 grams per tonne silver for a total of 79 million ounces of silver as announced in the August 9, 2012 press release.

FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, but are not limited to, statements or information with respect to: the proposed amalgamation of Riva with a wholly-owned subsidiary of Wildcat, the exploration and development of mineral properties; and Riva and Wildcat's future business and strategies.

Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, we have made numerous assumptions including among other things, that the transaction between Riva and a wholly-owned subsidiary of Wildcat will complete, that no significant adverse changes will occur to planned exploration expenditures, that there will be no significant delays of the completion of planned exploration programs; as to the continuing availability of capital resources to fund exploration programs; and that Riva and Wildcat will not experience any adverse legislative or regulatory changes. Although management of Riva and Wildcat believe that the assumptions made and the expectations represented by such statement or information are reasonable, there can be no assurance that any forward-looking statement or information referenced herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such risks, uncertainties and other factors include, among other things: general economic, market and business conditions; land use rights; adverse industry events; the ability of Riva and Wildcat to acquire additional mineral properties of merit; and currency fluctuations.

Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of Riva and Wildcat. Accordingly, readers should not place undue reliance on forward-looking statements or information. Riva and WIldcat undertake no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Tel: 1 416 860 6310
Email: lcornacchia@rivagoldcorp.com or lcornacchia@wildcatsilver.com

Wildcat Silver enters into a definitive agreement for the acquisition of Riva Gold

Thu, 04 Apr 2013 07:30:00 -0400

VANCOUVER, April 4, 2013 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat") announces today that it has entered into a definitive agreement with Riva Gold Corporation (TSX-V: RIV) ("Riva") providing for the acquisition by Wildcat of all of the outstanding common shares of Riva in consideration for one common share of Wildcat for 4.7 common shares of Riva, as previously announced in Wildcat's March 4, 2013 press release.

The transaction will be completed by way of the amalgamation of Riva and a wholly-owned subsidiary of Wildcat under the Business Corporations Act (British Columbia). To facilitate efficient disclosure regarding Wildcat in Riva's information circular, the Company recently filed a notice to become qualified as a short-form prospectus issuer. The transaction is subject to customary conditions, including Riva shareholder approval. Full details of the transaction will be included in an information circular which will be mailed by Riva to Riva shareholders in connection with a special meeting of Riva shareholders to be held on May 3, 2013.

Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Telephone: 1 416 860 6310
Email: lcornacchia@wildcatsilver.com

Wildcat Silver to acquire Riva Gold

Mon, 04 Mar 2013 07:30:00 -0500

VANCOUVER, March 4, 2013 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat") announces today that it has entered into a letter of intent with Riva Gold Corporation ("Riva") providing for the acquisition by Wildcat of all of the outstanding common shares of Riva in consideration for 4.7 common shares of Riva for one common share of Wildcat. This represents a price of C$0.17 per Riva common share, which is based on the volume weighted average price of the Wildcat common shares for the 20 trading days ending March 1, 2013.

Riva is a Canadian-based mineral exploration company that had been assessing strategic alternatives and evaluating potential opportunities for the last year. Riva trades on the TSX Venture Exchange under the symbol "RIV". Riva currently has a cash balance of approximately C$8.1 million and does not hold any mineral properties.

In connection with the acquisition, Riva also agreed to provide a C$1 million secured term loan to Wildcat, subject to any applicable regulatory approvals. Interest payable on the loan is equal to the prime rate plus 4% and the loan matures on December 31, 2013.

"This transaction is expected to provide Wildcat with sufficient funds to advance the Hermosa project through prefeasibility and into the feasibility stage with the least dilution to our shareholders," said Don Taylor , President and Chief Operating Officer "With this additional cash, we look forward to unlocking additional value and moving our project forward this year."

The proposed acquisition remains subject to, among other things, the negotiation and execution of a definitive agreement and applicable shareholder and regulatory approvals.

Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

The forward-looking statements are based on a number of assumptions which, while considered reasonable by Wildcat, are subject to risks and uncertainties. In addition to the assumptions herein, these assumptions include the assumptions described in Wildcat's management's discussion and analysis for the period ended December 31, 2011 ("MD&A"). Wildcat cautions readers that forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements and forward-looking statements are not guarantees of future results, performance or achievement. These risks, uncertainties and factors include general business, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in project parameters; changes in costs, including labour, infrastructure, operating and production costs; future prices of silver and other minerals; variations of mineral grade or recovery rates; operating or technical difficulties in connection with exploration, development or mining activities, including the failure of plant, equipment or processes to operate as anticipated; delays in completion of exploration, development or construction activities; changes in government legislation and regulation; the ability to maintain and renew existing licenses and permits or obtain required licenses and permits in a timely manner; the ability to obtain financing on acceptable terms in a timely manner; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business; and the factors discussed in the section entitled "Risks and Uncertainties" in the MD&A.

Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Telephone: 1 416 860 6310
Email: lcornacchia@wildcatsilver.com

Wildcat Silver Director John R. Brodie Passes Away

Wed, 27 Feb 2013 18:05:00 -0500

VANCOUVER, Feb. 27, 2013 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") regrets to announce that director, John R. Brodie , passed away on Sunday, February 24, 2013. The Company would like to express its deepest sympathies and convey its condolences to his family.

"We would also like to express our sincere appreciation for John's tremendous contribution to Wildcat over the years," stated Richard Warke , Wildcat's chairman and CEO. "John has been a valuable part of the Company demonstrating commitment, dedication and leadership. He will be long remembered by his fellow directors, the management team and staff of the Company."

Mr. Brodie joined the board of directors of Wildcat in 2008 and was a member of the audit and compensation committees. He was a FCA who was formerly a partner at KPMG LLP, and was elected a Fellow for distinguished service to the profession by the Institute of Chartered Accountants of British Columbia. He provided consulting services and served as a director for several public companies.

Wildcat is currently evaluating candidates for consideration for the replacement of the directorship held by Mr. Brodie.

Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

The forward-looking statements are based on a number of assumptions which, while considered reasonable by the Company, are subject to risks and uncertainties. In addition to the assumptions herein, these assumptions include the assumptions described in the Company's management's discussion and analysis for the period ended December 31, 2011 ("MD&A"). The Company cautions readers that forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed in or implied by such forward-looking statements and forward-looking statements are not guarantees of future results, performance or achievement. These risks, uncertainties and factors include general business, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in project parameters; changes in costs, including labour, infrastructure, operating and production costs; future prices of silver and other minerals; variations of mineral grade or recovery rates; operating or technical difficulties in connection with exploration, development or mining activities, including the failure of plant, equipment or processes to operate as anticipated; delays in completion of exploration, development or construction activities; changes in government legislation and regulation; the ability to maintain and renew existing licenses and permits or obtain required licenses and permits in a timely manner; the ability to obtain financing on acceptable terms in a timely manner; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business; and the factors discussed in the section entitled "Risks and Uncertainties" in the MD&A.

Although the Company has attempted to identify important risks, uncertainties and other factors that could cause actual performance, achievements, actions, events, results or conditions to differ materially from those expressed in or implied by the forward-looking information, there may be other risks, uncertainties and other factors that cause performance, achievements, actions, events, results or conditions to differ from those anticipated, estimated or intended. Unless otherwise indicated, forward-looking statements contained herein are as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable law.

please visit www.wildcatsilver.com or contact:

Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Telephone: 1 416 860 6310
Email: lcornacchia@wildcatsilver.com

Wildcat drilling increases Manto Zone thickness in centre of proposed pit

Thu, 10 Jan 2013 08:00:00 -0500

VANCOUVER, Jan. 10, 2013 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") is pleased to announce the results for six drill holes completed on the Company's Hermosa property located in Santa Cruz County, Arizona. These reverse circulation drill holes, located in the centre of the proposed open pit, were undertaken to validate certain historic results and upgrade the mineral resource estimate. They were also designed to test the depth of the resource in areas of historic shallow rotary-hole infill drilling and provide representative material for additional metallurgical testing.

The new drilling confirmed the results from the historic drilling. In addition, drill hole HDS-329 increased the thickness of the higher grade Manto Oxide Zone mineralization by approximately 23 metres beyond what was tested by previously drilled hole HDS-15. Significant intercepts include HDS-324 returning 44.2 metres of 219.8 g/t silver and 5.09% manganese, HDS-326 returning 13.7 metres of 338.1 g/t silver and 9.91% manganese and HDS-327 returning 64.0 metres of 151.6 g/t silver.

Wildcat plans to incorporate these drill results into a revised mineral resource and mine plan to be included in the Hermosa prefeasibility study, which is being led by M3 Engineering and Technology Corporation of Tucson, Arizona. The prefeasibility study is scheduled for completion in the second quarter of 2013. Further as a result of the current drilling, approximately five tonnes of Manto Oxide Zone and ten tonnes of Upper Silver Zone material were collected for additional prefeasibility metallurgical testwork, which is primarily focused on optimizing silver and by-product recoveries. Testwork is currently underway and being conducted by Hazen Research, Inc. in Golden, Colorado.

A summary of the drill results is provided below. Please also see the map for drill hole locations.

Hole	From (metres)	To (metres)	Interval (metres)	Ag (g/t)	Au (g/t)	Mn (%)	Zn (%)	Pb (%)	Cu (%)	Ore Zone
HDS-324	86.9	131.1	44.2	219.8	0.115	5.09	0.37	1.07	0.11	Manto Oxide

HDS-325	0.0	16.8	16.8	34.7	0.034	0.02	0.01	0.08	0.02	Upper Silver
HDS-325	38.1	105.2	67.1	121.4	0.075	6.37	2.34	0.90	0.13	Manto Oxide

HDS-326	0.0	30.5	30.5	43.3	0.053	0.09	0.01	0.06	0.01	Upper Silver
HDS-326	74.7	93.0	18.3	112.3	0.140	7.53	0.47	0.18	0.05	Manto Oxide
HDS-326	103.7	117.4	13.7	338.1	0.072	9.91	2.86	0.85	0.07	Manto Oxide

HDS-327	0.0	64.0	64.0	151.6	0.131	4.25	0.72	1.60	0.12	Manto Oxide

HDS-328	33.5	77.7	44.2	379.6	0.074	14.73	5.21	3.49	0.25	Manto Oxide

HDS-329	0.0	13.7	13.7	32.4	0.038	0.13	0.06	0.08	0.01	Upper Silver
HDS-329	21.3	70.1	48.8	112.1	0.507	4.66	0.85	0.82	0.06	Manto Oxide
HDS-329	86.9	94.5	7.6	62.4	0.034	1.87	0.66	0.32	0.03	Manto Oxide

Note: Intervals reported are drill thicknesses as measured along the core axis and are not true widths

A complete list of all drill intercepts, location map and 3D model of the Hermosa mineralization are available on the company's website at www.wildcatsilver.com.

Qualified Person
The results of Wildcat's drilling results have been reviewed, verified and compiled by Don Taylor , MSc., PG, President and Chief Operating Officer for Wildcat Silver, a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Taylor has more than 25 years of mineral exploration and mining experience, and is a Registered Professional Geologist through the SME. Mr. Taylor is also a Licensed Professional Geologist in several US states.

Assays and Quality Assurance/Quality Control
To ensure reliable sample results, Wildcat has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at Skyline Laboratories, an ISO/IEC accredited lab located in Tucson, Arizona. Skyline Laboratories prepares two pulps of all samples and completes analysis of one pulp sample by ICP for Cu% (copper), Pb% (lead), Zn% (zinc) and Mn% (manganese). The second pulp is shipped to Inspectorate Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nevada, where the duplicate pulp is analyzed for Au (gold) and Ag (silver). Silver values are determined by gravimetric fire assay (1 AT) with gold values determined by an AA finish from the same dore bead: Final silver value is the weight of the dore bead minus the AA gold value. In certain drill holes Skyline completes analyses of pulps for gold (FA-1AT/AA) and silver is determined by multi-acid digestion/AA finish. If the silver value is greater than 150 gpt the sample is redone by gravimetric FA (1AT) with the gravimetric gold value subtracted. At both labs if the FA/AA Au value is greater than 3 gpt the Au assay is repeated by FA gravimetric methods. Certain duplicate pulps have gold-silver QA/QC checks run at Skyline by the above methods. Further, certain duplicate pulps also have Cu, Pb, Zn, Mn QA/QC checks using ICP/AA methods and 30 element spectral ICP determined at Inspectorate after 4-acid digestion.

Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements, including information concerning the Company's plans for its mineral property in Arizona including the preparation and timing of further mineral resource updates, prefeasibility studies and metallurgical testwork. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

About Reserves and Resources
This press release uses the terms measured, indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that: (a) mineral resources are not economic mineral reserves; (b) the economic viability of resources that are not mineral reserves has not been demonstrated; and (c) it should not be assumed that further work on the stated resources will lead to mineral reserves that can be mined economically. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for certain preliminary economic assessments. Readers should also refer to the Company's Annual Information Form for the period ended December 31, 2011 and other continuous disclosure documents available at www.sedar.com, which is subject to the qualifications and notes set forth therein.

please visit www.wildcatsilver.com or contact:

Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Telephone: 1 416 860 6310
Email: lcornacchia@wildcatsilver.com

Wildcat Silver updated PEA more than doubles expected annual silver production to 15.5 million ounces in first five years

Mon, 01 Oct 2012 07:30:00 -0400

VANCOUVER, Oct. 1, 2012 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") is pleased to announce the results of the updated National Instrument (NI) 43-101 compliant Preliminary Economic Assessment ("PEA") for its 80%-owned Hermosa project located in Santa Cruz County, Arizona.

Highlights

Hermosa's updated PEA has been prepared based on the most recent mineral resource estimate as announced on August 9, 2012. In addition, the metallurgical process incorporated into the PEA is based on the recently announced simplified process that produces silver/gold doré. This updated PEA currently considers Hermosa as a predominantly silver project with gold and minor amounts of copper production and does not include the recovery of other base metal by-products (remaining copper, zinc and manganese), which offers potential significant upside. Additional metallurgical testwork for the economic recovery of these by-product metals is currently underway.

Highlights from the Hermosa PEA include:

Average annual silver production of 15.5 million ounces (first five years), with years one and two producing 23.4 million ounces and 19.8 million ounces, respectively.
Mine life of 16 years
Base case* - After-tax NPV (5%) of $658 million, after-tax IRR of 31.9%, and payback of 1.7 years
Spot case* - After-tax NPV (5%) of $1.05 billion, after-tax IRR of 43.4% and payback of 1.4 years
Average cash costs of $8.29 per ounce, net of gold and minor copper by-product credits (first five years)
Average throughput of 14,920 tonnes per day (tpd), or 5.44 million tonnes per annum (tpa)
Initial capital expenditures of $627 million (includes 25% contingency of $96 million)

* Base case assumes a silver price of $28.75/oz, gold price of $1,525 and a copper price of $3.50/lb. Spot case assumes a silver price of $34.60, gold price of $1,773 and copper price of $3.73. NPV = Net Present Value; IRR = Internal Rate of Return.

"This has been a defining year for Hermosa," said Don Taylor , Wildcat's President and COO. "As a result of the three significant milestones we achieved in 2012: expanding our resource by 160% from 2010, discovering a new mineral zone and simplifying our metallurgical process, we have completed a PEA demonstrating all-round positive project economics. Hermosa is now one of the largest silver projects in the USA with estimated average annual production of over 15 million silver ounces per year for the first five years. In addition, metallurgical testwork currently underway is focused on recovering additional by-product metals, which has the potential to provide further value to an already very robust project."

Economic Analysis

The economics in the updated PEA is based on 60/40 pricing (base case) which is the weighted average of 60% of the three-year historical prices and 40% of two-year forward market prices. For comparison, the economics were also calculated based on spot prices (spot case). It should be noted that in this press release all dollars are United States Dollars, all tonnes are metric tonnes and all ounces are troy ounces. Project metrics are calculated on a 100%-ownership basis. A summary of the results are provided below.

	Base Case	Spot Case
After-tax NPV (0%)	$1.027 billion	$1.586 billion
After-tax NPV (5%)	$658 million	$1.048 billion
After-tax NPV (7.5%)	$528 million	$860 million
After-tax IRR	31.9%	43.4%
Payback	1.7 years	1.4 years
Silver Price ($ per ounce)	$28.75	$34.60
Gold Price ($ per ounce)	$1,525	$1,773
Copper Price ($ per lb)	$3.50	$3.73

Mining and Processing

The Hermosa project is based on a conventional open-pit 14,920 tpd operation. This is equivalent to 5.4 million tonnes per annum (tpa), which is comprised of 2.7 million tonnes of Manto Oxide material per year and 2.7 million tonnes of Upper Silver Zone material per year. Average annual production is estimated to be 15.5 million ounces of silver for the first five years, with years one and two producing 23.4 million ounces and 19.8 million ounces, respectively. Average annual LOM silver production is estimated at 7.9 million ounces over a mine life of 16 years.

Wildcat has incorporated the recently discovered Upper Silver Zone, which lies above and adjacent to the Manto Oxide Zone, into the current PEA mine plan. As a result, since this new zone was previously considered as overburden, the waste to ore (strip) ratio has been reduced significantly to 2.8 to 1.

Mineral processing will be through the calcining of the Manto Oxide material (manganese hosted silver minerals) followed by traditional agitated cyanide leaching and recovery of silver and gold by standard Merrill-Crowe to produce a silver/gold doré. The calcining, which heats the material in a reducing environment is performed in a direct fired kiln and is similar to the process used in the cement industry to turn limestone into cement, but at a lower temperature for the Manto Oxide material. The Upper Silver Zone material will be crushed and then combined with the calcined Manto Oxide material, allowing for a single, grinding/cyanide leach and Merrill Crowe circuit for all of the material processed.

The Company has completed batch and pilot plant testing on a total of approximately six tonnes of Manto Oxide and Upper Silver Zone material. Silver recoveries have consistently been above 80 percent for the Manto Oxide material, with silver recoveries in some of the batch kiln tests having exceeded 90 percent while those in the continuous direct fired rotary kiln tests have now achieved up to 89 percent. Wildcat has optimized the grind size of the Upper Silver Zone material and developed a grade/recovery curve for incorporating into future mine modeling activities. Testing has returned silver recoveries of up to 52 percent on the Upper Silver Zone material. In the PEA, average silver and gold recoveries are estimated at 82 percent and 90 percent, respectively, for the Manto Oxide Zone and 40 percent and 90 percent, respectively, for the Upper Silver Zone.

Currently, minor amounts of copper are also recovered in the leaching process as a copper sulfide concentrate. In the PEA, average copper recoveries are estimated at 20 percent. The Company has completed preliminary test work for treating the leach tails to recover zinc by flotation and manganese by magnetic separation. Metallurgical test work continues in an effort to further recover the remaining copper, zinc and manganese. The recovery of these by-products would be incorporated into the process should they prove to be economically viable.

A summary of the production and processing metrics from the PEA are summarized below:

Average throughput (tonnes per day)	14,920 tpd
Average annual silver production (first five years)	15.5 million ounces
Average annual silver production (LOM)	7.9 million ounces
Average silver recoveries (Manto Oxide Zone)	82%
Average gold recoveries (Manto Oxide Zone)	90%
Average silver recoveries (Upper Silver Zone)	40%
Average gold recoveries (Upper Silver Zone)	90%
Mine life	16 years
Strip ratio	2.8:1

Capital Costs

The initial capital cost for the construction of the Hermosa project is estimated at $531 million, plus a 25% contingency of $96 million for a total of $627 million. Total capital cost also includes $31 million in pre-development capital. A break-down is provided in the table below:


Mining equipment					$29 million
Mine pre-development					$31 million
Process plant and tailings					$269 million
General site and ancillary facilities					$43 million
Gas and power supply					$43 million
EPCM					$51 million
Owner's costs					$38 million
Other					$27 million
Sub-total					$531 million
Contingency (25%)					$96 million
Total initial capital					$627 million

The mine plan includes additional mine capital totalling $40 million in years one through four and sustaining capital is expected to be $152 million over the life of mine.

Operating Costs

Total operating costs are estimated at $20.89 per tonne of ore processed and include mining, processing, royalties, general and administration (G&A) costs, reclamation and property and severance taxes. The processing costs per tonne for the Manto Oxide material are estimated to be $16.91 per tonne and $9.29 per tonne for the Upper Silver Zone for an overall average of $13.10 per tonne.

The estimated operating costs per tonne of material processed included in the PEA are as follows:

Operating costs ($ per tonne processed)
Mining (including stripping)	$4.99
Processing	$13.10
G&A	$1.14
Other (including royalties)	$1.66
Total operating costs ($ per tonne)	$20.89

Average annual cash costs are estimated to be $8.29 per ounce of silver over the first five years, net of gold and minor copper by-product credits. LOM average annual cash costs net of by-products are estimated to be $11.89 per ounce of silver. There is the potential to significantly reduce cash costs per ounce of silver should the recovery of additional copper, zinc and manganese by-products be economically attainable.

Mineral Resource Estimate

The updated PEA is based on the previously reported mineral resource estimate, which was announced on August 9, 2012. The resource includes drill and assay data up to March 2012 which contains a total of 343 holes (76,630 metres) and is summarized below. It should be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability.

Hermosa Mineral Resource Estimate
Zone	Type	Tonnes (000)	Ag (g/t)	Au (g/t)	Mn (%)	Zn (%)	Cu (%)	Contained Silver Ounces (000s)
Measured Mineral Resource*
Manto	Oxide	36,744	66.64	0.09	7.12	1.81	0.07	78,725
Upper Silver	Mixed	57,038	29.64	0.07	0.85	0.12	0.02	54,360
Total Measured		93,782	44.14	0.07	3.31	0.78	0.04	133,085
Indicated Mineral Resource*
Manto	Oxide	39,713	41.52	0.06	5.69	1.66	0.06	53,008
Upper Silver	Mixed	60,685	25.36	0.06	0.95	0.16	0.02	49,481
Total Indicated		100,398	31.75	0.06	2.83	0.75	0.04	102,489
Measured and Indicated Mineral Resource*
Manto	Oxide	76,457	53.59	0.07	6.38	1.73	0.06	131,733
Upper Silver	Mixed	117,722	27.44	0.06	0.90	0.14	0.02	103,841
Total Measured & Indicated		194,180	37.73	0.07	3.06	0.77	0.04	235,574

Inferred Mineral Resource*
Zone	Type	Tonnes (000)	Ag (g/t)	Au (g/t)	Mn (%)	Zn (%)	Cu (%)	Contained Silver Ounces (000s)
Manto	Oxide	21,747	39.56	0.06	7.03	2.79	0.10	27,662
Upper Silver	Mixed	57,764	27.65	0.06	0.85	0.17	0.02	51,346
Total Inferred		79,510	30.91	0.06	2.54	0.89	0.04	79,008

* The mineral resource is constrained within a Whittle optimized pit shell based on the following metal prices and recoveries:

Metal	Price	Recovery
Silver	$25.76/oz	90%
Gold	$1,300/oz	85%
Manganese	$0.60/lb	95%
Zinc	$0.93/lb	80%
Copper	$3.21/lb	90%

The mineral resource is based on processing costs of US$27.55/tonne for the Manto Oxide Zone. The Upper Silver Zone mineral resource is tabulated using a silver cut-off grade of 8.57 g/t.

Previous mineral resources did not include a resource for gold as no metallurgical test work had been completed to prove its recovery or economic viability. As a result of recent test work the expected recovery included in the above table has been used and gold has been included in the total mineral resource.

Project Schedule

Metallurgical development work is planned using a larger direct-fired, pilot-sized kiln to provide parameters for a full scale commercial operation. Further, the Company is continuing its efforts in recovering its by-product base metals within the Hermosa deposit. The Company expects to complete this additional metallurgical test work for incorporation into a pre-feasibility study by the end of second quarter of 2013.

NI 43-101 Technical Report

The complete updated PEA NI 43-101 Technical Report will be filed on SEDAR (www.sedar.com) within 45 days and will also be available on the Company's website (www.wildcatsilver.com).

PEA Contributors

The Hermosa PEA was prepared by an integrated team led by M3 Engineering and Technology Corporation ("M3") of Tucson, Arizona, under the supervision of Joshua Snider, PE. Other significant contributors to the PEA include Tetra Tech Inc., NewFields, Scott E. Wilson Consulting, Inc. and Easton Process Consulting. In addition, pilot plant testwork was completed by Hazen Research Inc. in Golden, Colorado.

Qualified Person

Joshua Snider, PE, an independent Qualified Person under the standards set forth by NI 43-101, has reviewed the information in relation to the PEA in this press release. Mr. Snider is a Civil Engineer with M3 and has over 15 years of experience in the engineering and mining industry.

Metallurgical test results have been reviewed, verified, and interpreted by Christopher Easton, BSc. , a Qualified Person under the standards set forth by NI 43-101. Mr. Easton is the president of Easton Process Consulting Inc. has 23 years of mineral processing and metallurgical engineering experience, and is a Qualified Professional Member in Metallurgy of MMSA.

About Wildcat
Wildcat Silver is a Canadian silver exploration company focused on becoming one of the largest silver producers in the USA by developing its 80% owned Hermosa project located in Santa Cruz County, Arizona. The Company has completed an updated Preliminary Economic Assessment on Hermosa which estimates average annual silver production of 15.5 million ounces for the first five years and a mine life of 16 years. Hermosa's current mineral resource includes a measured and indicated mineral resource of 194 million tonnes averaging 37.7 grams per tonne silver for a total of 236 million ounces of silver and an inferred mineral resource of 80 million tonnes averaging 30.9 grams per tonne silver for a total of 79 million ounces of silver as announced in the August 9, 2012 press release. Wildcat's common shares trade on the TSX under the symbol "WS".

Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements, including information concerning the Company's plans for its mineral property in Arizona including, without limitation, the amount of mineral resources, predicted tonnes mined and processed and silver production in any year, estimated capital and operating costs, expected metal recoveries and metal prices, the preparation and timing of further metallurgical testwork and the pre-feasibility study. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

Cautionary Note Concerning Inferred Mineral Resources
The PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA based on these mineral resources will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

For additional information please visit www.wildcatsilver.com or contact:

Letitia Cornacchia, Vice President, Investor Relations and Corporate Communications
Telephone: 1 416 860 6310
Email: lcornacchia@wildcatsilver.com

Wildcat announces positive metallurgical results

Wed, 05 Sep 2012 07:15:00 -0400

VANCOUVER, Sept. 5, 2012 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") is pleased to announce that it has completed pilot plant-scale testing on a simplified metallurgical process for the recovery of silver and gold from the Hermosa Manto Oxide and Upper Silver Zone material.

The new process centres on the calcining of the Manto Oxide material (manganese hosted silver minerals) followed by traditional agitated cyanide leaching and recovery of silver and gold by standard Merrill-Crowe to produce a silver / gold doré. The calcining is performed in a rotary kiln, which is a similar process used in the cement industry, but at a lower temperature for the Manto Oxide material. The kiln effectively reduces the Manto Oxide material, rendering silver available for direct cyanide leaching. The revised process for the Manto Oxide material greatly reduces the complexity of the planned operation. A diagram demonstrating the new process can be found here.

Wildcat believes this extensive testing has proven successful as silver recoveries have consistently been above 80 percent. Silver recoveries in some of the batch kiln tests have exceeded 90 percent while those in the continuous rotary kiln tests have been up to 86 percent. Bench and pilot work continues with the objective to further refine kiln operating parameters to maximize silver recovery while minimizing reagent consumptions. Data has also been obtained for other operating processes including crushing and grinding, solid/liquid separation, and tailings classification.

Currently, minor amounts of copper are also recovered in the leaching process as a copper sulfide concentrate. The Company has completed preliminary test work for treating the leach tails to recover zinc by flotation and manganese by magnetic separation. Metallurgical test work continues in an effort to further recover copper, zinc and manganese. The recovery of these by-products would be incorporated into the process should they prove to be economically viable.

The Upper Silver Zone material, which lies above and adjacent to the Manto Oxide Zone, will be crushed and then combined with the calcined Manto Oxide material, allowing for a single, grinding, cyanide leach and Merrill Crowe circuit for all of the material processed. Wildcat has optimized the grind size of the Upper Silver Zone material and developed a grade/recovery curve for incorporating into future mine modeling activities. Testing has returned silver recoveries of up to 52 percent.

The recently completed pilot plant test work was performed by Hazen Research, Inc. in Golden, Colorado, USA. The pilot plant began operating in June of 2012, processing approximately six tonnes of Manto Oxide and Upper Silver Zone material. Further, metallurgical development work continues using a larger direct-fired, pilot-sized kiln to provide parameters for a full scale commercial operation to support potential pre-feasibility and feasibility studies.

The results from this new process in addition to the new resource announced in August 2012 will be incorporated into the Company's revised Preliminary Economic Assessment.

"We view the success of this new process as transformational for Hermosa," said Don Taylor , Wildcat's President and Chief Operating Officer. "We are very excited that we have been able to find a processing alternative based on simplified proven technologies. We believe we have significantly de-risked the project's metallurgy and made Hermosa a primarily silver/gold project with the potential for considerable upside to produce by-products downstream. We are now focused on incorporating these benefits into a revised project model for our upcoming preliminary economic assessment."

Qualified Person

The results of Wildcat's metallurgical testing program have been reviewed, verified, and interpreted by Christopher Easton, BSc. , president of Easton Process Consulting Inc., a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Easton has 23 years of mineral processing and metallurgical engineering experience, and is a Qualified Professional Member in Metallurgy of MMSA.

About Wildcat
Wildcat Silver is a Canadian silver exploration company focused on becoming one of the largest silver producers in the USA by developing its 80% owned Hermosa silver project located in Santa Cruz County, Arizona. The project currently has a measured and indicated mineral resource of 194 million tonnes averaging 37.7 grams per tonne silver for a total of 236 million ounces of silver in addition to an inferred mineral resource of 80 million tonnes averaging 30.9 grams per tonne silver for a total of 79 million ounces of silver as announced in the August 9, 2012 press release. Wildcat's common shares trade on the TSX under the symbol "WS".

Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements, including information concerning the Company's plans for its mineral property in Arizona including the preparation and timing of the preliminary economic assessment and further metallurgical testwork. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

Wildcat further increases Hermosa mineral resource

Thu, 09 Aug 2012 08:00:00 -0400

TORONTO, Aug. 9, 2012 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") is pleased to announce a further increase to the total mineral resource for its Hermosa project located in Santa Cruz, Arizona. The Company has also upgraded a significant portion of its indicated resource into the measured category. The updated mineral resource estimate includes:

Measured and Indicated resource of 194 million tonnes of 37.7 g/t silver for 236 million oz of silver
Inferred resource of 80 million tonnes of 30.9 g/t silver for 79 million ounces of silver

"The drill program completed earlier this year has resulted in the global Hermosa mineral resource increasing once again and is now approximately 2.5 times larger than the previous 2010 resource used in the prior preliminary economic assessment," commented Don Taylor , Wildcat's President and Chief Operating Officer. "We are also pleased that we were able to upgrade a significant portion of the resource into the measured category, which comprises more than 40% of the total resource. We are currently focused on incorporating this resource into a revised preliminary economic assessment which we plan to complete by the end of this quarter."

This mineral resource estimate is effective as of August 9, 2012 and includes drill and assay data up to March 2012 which contains all 212 holes (55,700 metres) completed in the most recent 2011/2012 drill program. A summary of the total resource is provided below and is reported on a 100% basis.

It should be noted that mineral resources are not mineral reserves and do not have demonstrated economic viability.

Hermosa Mineral Resource Estimate
Zone	Type	Tonnes (000)	Ag (g/t)	Au (g/t)	Mn (%)	Zn (%)	Cu (%)	Contained Silver Ounces (000s)
Measured Mineral Resource*
Manto	Oxide	36,744	66.64	0.09	7.12	1.81	0.07	78,725
Upper Silver	Mixed	57,038	29.64	0.07	0.85	0.12	0.02	54,360
Total Measured		93,782	44.14	0.07	3.31	0.78	0.04	133,085
Indicated Mineral Resource*
Manto	Oxide	39,713	41.52	0.06	5.69	1.66	0.06	53,008
Upper Silver	Mixed	60,685	25.36	0.06	0.95	0.16	0.02	49,481
Total Indicated		100,398	31.75	0.06	2.83	0.75	0.04	102,489
Measured and Indicated Mineral Resource*
Manto	Oxide	76,457	53.59	0.07	6.38	1.73	0.06	131,733
Upper Silver	Mixed	117,722	27.44	0.06	0.90	0.14	0.02	103,841
Total Measured & Indicated		194,180	37.73	0.07	3.06	0.77	0.04	235,574

Inferred Mineral Resource*
Zone	Type	Tonnes (000)	Ag (g/t)	Au (g/t)	Mn (%)	Zn (%)	Cu (%)	Contained Silver Ounces (000s)
Manto	Oxide	21,747	39.56	0.06	7.03	2.79	0.10	27,662
Upper Silver	Mixed	57,764	27.65	0.06	0.85	0.17	0.02	51,346
Total Inferred		79,510	30.91	0.06	2.54	0.89	0.04	79,008

* The mineral resource is constrained within a Whittle optimized pit shell based on the following metal prices and recoveries:

Metal	Price	Recovery
Silver	$25.76/oz	90%
Gold	$1,300/oz	85%
Manganese	$0.60/lb	95%
Zinc	$0.93/lb	80%
Copper	$3.21/lb	90%

The mineral resource is based on processing costs of US$27.55/tonne for the Manto Zone. The Upper Silver Zone mineral resource is tabulated using a silver cut-off grade of 8.57 g/t.
Previous mineral resources did not include a resource for gold as no metallurgical test work had been completed to prove its recovery or economic viability. As a result of recent test work the expected recovery included in the above table has been used and gold has been included in the total mineral resource.

In addition to the above mineral resource, Hermosa also has a deep Skarn Sulfide Zone which hosts 3.8 million tonnes of 30.84 g/t silver, 4.68% manganese, 0.07% copper and 2.31% zinc for total contained silver ounces of approximately 4.0 million. This Skarn resource was previously announced in the Company's February 6, 2012 mineral resource press release and included in the NI 43-101 Hermosa Technical Report dated March 21, 2012. The Skarn resource was not affected by the current drilling and therefore was not listed in the updated resource totals as it was not reviewed by Scott E. Wilson Consulting, Inc.

The Company has also completed metallurgical test work including pilot plant studies on both the Manto Oxide and Upper Silver Zone ore at Hazen Research Inc. in Golden, Colorado. Results are expected to be announced later in the quarter once results of the test work have been received and analysed. Wildcat is on track to deliver an updated Preliminary Economic Assessment which will include the new mineral resource announced today and the results from the metallurgical test work by the end of the third quarter of 2012.

Qualified Person
Scott Wilson , President of Scott E. Wilson Consulting, Inc., is an independent qualified person as defined by National Instrument 43-101 and has approved and verified the information in this news release in relation to the Hermosa Manto Oxide and Upper Silver Zone mineral resource. Mr. Wilson is a Certified Professional Geologist and member of the American Institute of Professional Geologists (CPG #10965) and a Registered Member (#4025107) of the Society of Mining, Metallurgy and Exploration, Inc., a professional association and designation recognized by the Canadian regulatory authorities.

About Wildcat
Wildcat Silver is a Canadian silver exploration company focused on becoming one of the largest and lowest cost silver producers in the USA by developing its 80% owned Hermosa silver project located in Santa Cruz County, Arizona. The project currently has a measured and indicated mineral resource of 194 million tonnes averaging 37.7 grams per tonne silver for a total of 236 million ounces of silver in addition to an inferred mineral resource of 80 million tonnes averaging 30.9 grams per tonne silver for a total of 79 million ounces of silver as announced in this press release. Wildcat's common shares trade on the TSX under the symbol "WS".

Cautionary Note Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements, including information concerning the Company's plans for its mineral property in Arizona including the preparation and timing of the preliminary economic assessment and metallurgical testwork, and the metal recovery rates, and processing and mining costs assumed in the calculation of the resource. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

About Mineral Reserves and Mineral Resources
This press release uses the terms measured, indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that: (a) mineral resources are not economic mineral reserves; (b) the economic viability of resources that are not mineral reserves has not been demonstrated; and (c) it should not be assumed that further work on the stated resources will lead to mineral reserves that can be mined economically. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for certain preliminary economic assessments. Readers should also refer to the Company's Annual Information Form for the period ended December 31, 2011 and other continuous disclosure documents available at www.sedar.com, which is subject to the qualifications and notes set forth therein.

Wildcat announces remaining results from completed drilling program, includes 9.1 metres of 233.1 g/t silver

Thu, 21 Jun 2012 08:00:00 -0400

VANCOUVER, June 21, 2012 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") is pleased to announce the results for the final 15 drill holes of its most recent drill campaign completed on the Company's Hermosa property located in Santa Cruz County, Arizona. The holes covered in this press release were drilled to test extensions of the Manto Oxide Zone to the north and the Upper Silver Zone to the southeast of the current Hermosa resource.

Highlights

Drill hole HDS-290, located on the southeastern extent of the current Hermosa resource, intersected four intervals of significant silver mineralization. The best intercepts include 9.1 metres of 233.1 g/t silver from the Manto Oxide Zone and 13.7 metres of 101.5 g/t silver from the Upper Silver Zone.

Drill hole HDS-313, an infill drill hole targeting the deeper portions of the northern area of the Hermosa resource, encountered three distinct intervals of mineralization in the Upper Silver Zone. The most significant Upper Silver Zone intersection returned 3.0 metres of 171.3 g/t silver.

Drill hole HDS-316, located in the southeastern portion of Hermosa's patented claim block, encountered two intervals of significant Upper Silver Zone mineralization. The best intercept returned 13.7 metres of 70.2 g/t silver.

Drill holes HDS-314, HDS-320, HDS-321, HDS-322 and HDS-323 returned no significant mineralization. It is believed that these holes were drilled across a northeast trending fault which appears to have offset the Hermosa mineralization.

Wildcat has now announced all 212 drill holes from its drill program completed in March 2012 and is currently in the process of updating the Hermosa mineral resource to include all of the drilling completed to date. The updated Hermosa mineral resource is on track to be completed in the third quarter of 2012. The Company is also conducting pilot plant studies at Hazen Research Inc. in Golden Colorado in preparation for an updated Preliminary Economic Assessment which is expected to be completed subsequently in the third quarter of 2012.

A summary of the drill results is provided below. Please also see the attached map

Hole	From (metres)	To (metres)	Interval (metres)	Ag (g/t)	Mn %	Zn %	Pb %	Cu %	Ore Zone
HDS-290	19.8	29.0	9.1	233.1	2.34	0.02	0.28	0.02	Manto Oxide
HDS-290	42.7	56.4	13.7	101.5	0.14	0.01	0.16	0.02	Upper Silver
HDS-290	154.0	160.1	6.1	52.1	0.03	0.01	0.03	0.01	Upper Silver
HDS-290	169.2	175.3	6.1	35.0	0.02	0.01	0.01	0.01	Upper Silver

HDS-300	21.3	24.4	3.0	70.5	4.57	0.38	1.90	0.38	Manto Oxide
HDS-300	61.9	64.9	3.0	40.1	0.27	0.04	0.19	0.01	Upper Silver
HDS-300	325.0	334.8	9.8	65.5	7.55	2.67	1.40	0.14	Manto Oxide
HDS-300	324.7	333.8	9.1	56.5	8.17	3.06	2.15	0.18	Manto Oxide

HDS-302	53.0	66.8	13.7	41.8	0.05	0.01	0.04	0.02	Upper Silver
HDS-302	68.4	83.2	14.8	65.8	0.03	0.05	0.12	0.02	Upper Silver

HDS-306	91.5	97.6	6.1	33.7	0.41	0.02	0.04	0.01	Upper Silver
HDS-306	337.2	339.8	2.6	38.7	0.06	0.01	0.05	0.01	Upper Silver
HDS-306	347.9	350.2	2.3	49.8	0.03	0.01	0.02	0.01	Upper Silver

HDS-313	60.1	69.2	9.1	34.0	0.02	0.02	0.14	0.02	Upper Silver
HDS-313	106.7	111.0	4.3	33.7	0.12	0.03	0.46	0.02	Upper Silver
HDS-313	252.1	255.2	3.0	171.3	0.02	0.01	12.52	0.05	Upper Silver

HDS-314	No significant mineralization

HDS-315	33.5	48.8	15.2	43.2	0.04	0.01	0.03	0.01	Upper Silver

HDS-316	6.1	19.8	13.7	70.2	0.17	0.07	0.18	0.01	Upper Silver
HDS-316	29.0	39.6	10.7	42.0	0.02	0.05	0.05	0.01	Upper Silver

HDS-317	No significant mineralization

HDS-318	53.4	56.4	3.0	39.3	0.91	0.03	0.04	0.01	Upper Silver

HDS-319	27.4	33.5	6.1	35.1	1.76	0.06	0.01	0.01	Upper Silver
HDS-319	62.5	74.7	12.2	34.7	0.14	0.01	0.15	0.01	Upper Silver

HDS-320	No significant mineralization

HDS-321	No significant mineralization

HDS-322	No significant mineralization

HDS-323	No significant mineralization

Note: Intervals reported are drill thicknesses as measured along the core axis and are not true widths

A complete list of all drill intercepts, location map and 3D model of the Hermosa mineralization are available on the company's website at www.wildcatsilver.com.

Qualified Person

The results of Wildcat's drilling results have been reviewed, verified and compiled by Don Taylor , MSc., PG, President and Chief Operating Officer for Wildcat Silver, a qualified person as defined by National Instrument 43-101 (NI 43-101). Mr. Taylor has more than 25 years of mineral exploration and mining experience, and is a Registered Professional Geologist through the SME. Mr. Taylor is also a Licensed Professional Geologist in several US states.

Assays and Quality Assurance/Quality Control

To ensure reliable sample results, Wildcat has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at Skyline Laboratories, an ISO/IEC accredited lab located in Tucson, Arizona. Skyline Laboratories prepares two pulps of all samples and completes analysis of one pulp sample by ICP for Cu% (copper), Pb% (lead), Zn% (zinc) and Mn% (manganese). The second pulp is shipped to Inspectorate Labs, an ISO: 9001-2008 accredited laboratory in Reno, Nevada, where the duplicate pulp is analyzed for Au (gold) and Ag (silver). Silver values are determined by gravimetric fire assay (1 AT) with gold values determined by an AA finish from the same dore bead: Final silver value is the weight of the dore bead minus the AA gold value. In certain drill holes Skyline completes analyses of pulps for gold (FA-1AT/AA) and silver is determined by multi-acid digestion/AA finish. If the silver value is greater than 150 gpt the sample is redone by gravimetric FA (1AT) with the gravimetric gold value subtracted. At both labs if the FA/AA Au value is greater than 3 gpt the Au assay is repeated by FA gravimetric methods. Certain duplicate pulps have gold-silver QA/QC checks run at Skyline by the above methods. Further, certain duplicate pulps also have Cu, Pb, Zn, Mn QA/QC checks using ICP/AA methods and 30 element spectral ICP determined at Inspectorate after 4-acid digestion.

About Wildcat

Wildcat is a Canadian mineral exploration company focused on development of Hermosa, its 80% owned silver project located in Santa Cruz County, Arizona. The project currently has an indicated mineral resource of 101.4 million tonnes averaging 53.18 grams per tonne silver for a total of 171.3 million ounces of silver in addition to an inferred mineral resource of 83.6 million tonnes averaging 36.42 grams per tonne silver for a total of 98.6 million ounces of silver as announced in the February 6, 2012 press release.

Cautionary Note Regarding Forward-Looking Information

Certain information contained in this press release constitutes forward-looking statements. All statements, other than statements of historical facts, are forward looking statements, including information concerning the Company's plans for its mineral property in Arizona including the preparation and timing of further mineral resource updates, preliminary economic assessments and metallurgical testwork. Forward-looking statements are often, but not always, identified by the use of words such as may, will, seek, anticipate, believe, plan, estimate, budget, schedule, forecast, project, expect, intend, or similar expressions.

About Reserves and Resources

This press release uses the terms indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that: (a) mineral resources are not economic mineral reserves; (b) the economic viability of resources that are not mineral reserves has not been demonstrated; and (c) it should not be assumed that further work on the stated resources will lead to mineral reserves that can be mined economically. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for certain preliminary economic assessments. Readers should also refer to the Company's Annual Information Form for the period ended December 31, 2011 and other continuous disclosure documents available at www.sedar.com, which is subject to the qualifications and notes set forth therein.