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Wildcat announces change in leadership

Monday, May 7, 2012 7:19 PM

VANCOUVER, May 7, 2012 /CNW/ - Wildcat Silver Corporation (TSX: WS) ("Wildcat" or "the Company") announces the departure of Christopher M. Jones, President, CEO and Director, effective today.  Richard W. Warke, the Company's Executive Chairman, will assume the duties of CEO. Donald R. Taylor, the Company's VP of Exploration will become President and Chief Operating Officer (COO) of Wildcat and will continue as head of exploration.

"The Board would like to thank Mr. Jones for his service to Wildcat for the past four years," said Mr. Warke. "He has stewarded the Company since 2008 during a time of economic uncertainty and market volatility, increasing shareholder value through the development of the Hermosa project. We wish him the best in his future endeavours."

Wildcat is making significant progress on its metallurgical optimization studies and intends to complete pilot plant work mid-year. Under Mr. Warke's and Mr. Taylor's leadership, the Company will complete an updated mineral resource and preliminary economic assessment (PEA) for its Hermosa project in the third quarter of this year. The PEA will include the new mineral resource as well as the updated metallurgical testwork.

Mr. Warke has more than 25 years of experience in corporate finance and marketing in the global resource industry. His endeavours have primarily involved mineral resource operations, but he has been involved with oil and gas, forestry, technology and manufacturing operations.  Mr. Warke is also the founder and Chairman of Augusta Resource Corporation, the Chairman and CEO of Riva Gold Corp and Director of Plata Latina Minerals Corporation. In addition, he was the founder and Chairman of Ventana Gold Corp before its acquisition by AUX Canada Acquisitions Inc.

Mr. Taylor has more than 25 years of mineral exploration experience on five continents in precious and base metals, taking projects from exploration to mine development. He has worked extensively for large and small cap companies, including BHP Minerals, Bear Creek Mining, American Copper and Nickel, Doe Run Resources, and Westmont Mining Company. Mr. Taylor has a Bachelor of Science degree in Geology from Southeast Missouri State University and a Master of Science degree from University of Missouri at Rolla. He is a Licensed Professional Geologist in several eastern and western states and a qualified person as defined by National Instrument 43-101.

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.


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