Wildcat Announces Extension to LOI with Palisade Resources Corp.

1220-789 West Pender St Vancouver BC V6C 1H2 Phone: (236) 521-0207 www.wildcat.ca

PRESS RELEASE

Wildcat Announces Extension to LOI with Palisade Resources Corp.

August 30, 2016 – Vancouver, British Columbia: Wildcat Exploration Ltd, (“the Company or Wildcat”), (TSX-V: WEL; OTCQB:WCTXF) announces that further to its news release of August 16, 2016 whereby the Company had entered into a binding Letter of Intent (“LOI”) dated August 8, 2016 with Palisade Resources Corp. (“Palisade”), the parties have agreed to extend the time in which to enter into a definitive agreement (the “Option Agreement”) until September 8, 2016.

The parties also agree that the Company pay a deposit of $50,000 to Palisade against the initial payment of $200,000 which is to be paid upon execution of the Option Agreement and upon all necessary board and TSX Venture Exchange (“Exchange”) approvals. All other terms of the Letter of Intent remain in effect.

The Option Agreement is subject to Exchange approval. The Company may exercise the Option by:

• paying $200,000 and issuing Palisade 2,500,000 shares of the Company upon Exchange approval (the “Effective Date”);
• paying $50,000 and issuing Palisade 2,500,000 shares of the Company within six months of the Effective Date (the “Second Option Payment”) in order to acquire an initial 40% interest in the Property.
• Paying $50,000 and issuing Palisade 500,000 shares of the Company every six months from the date of the Second Option Payment for a period of 72 months, in order to acquire an additional 5% interest in the Property every six month period.

About Wildcat Exploration Ltd: http://www.wildcat.ca Wildcat Exploration Ltd is a well funded Canadian company focused on the exploration and development of minerals related to the lithium battery sector. The company has recently raised over $1.7 million dollars through a private placement. The Company has an option to acquire a 100% interest, subject to a 3% NSR, on a large lithium exploration project at the Humboldt Salt Marsh in Dixie Valley, Nevada. The geologic setting and presence of lithium in active geothermal fluids and surface salts in Dixie Valley match characteristics of producing lithium brine deposits at Clayton Valley, Nevada and in South America. Wildcat is planning an exploration program to be carried out in the fall and winter months of 2016/2017.

On Behalf of the Board of Directors

Harry Barr, Chairman & CEO

Neither the 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 contents of this news release.

Disclaimer for Forward-Looking Information:

This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions such as Exchange approval of the Option Agreement, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. Availability of financing, and general business conditions are all factors that could cause actual results to vary materially from forward-looking statements.