Wildcat Silver Engages Kin Communications
June 15, 2009
Vancouver, B.C., June 15, 2009 - Wildcat Silver Corporation (TSX-V: WS) (“Wildcat” or “the Company”) has entered into an agreement with Kin Communications Inc. for investor relations services.
Wildcat will pay Kin Communications a fee of $2,500 per month and will issue Kin Communications 300,000 stock options at an exercise price of $0.60 per share. The options are exercisable for a period of 12 months and in accordance with the TSX Venture exchange policies, 25% of the options will vest each quarter. The agreement has an initial term of 12 months and is subject to regulatory approval.
Kin Communications is a Vancouver-based investor relations firm specializing in resources and technology. Both Kin Communications and its principal, Arlen Hansen, are at an arm’s length from the Company and neither Kin nor Mr. Hansen own shares in 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.
The Hardshell property is a silver-manganese-zinc-copper-lead mineralized zone located 100 kilometres southeast of Tucson, Arizona, approximately 15 kilometres north of the Mexico border. Mineralization was discovered on the property in 1879 and silver and manganese production occurred from various zones between 1896 and 1964. The Main Manto zone, the focus of current Wildcat evaluations, was discovered in 1953 and has never been mined. Previous property owners drilled 104 holes totalling 13,000 metres. In February 2007 Pincock, Allen & Holt published a positive preliminary assessment which cited an inferred resource of 53.5 million ounces of silver along with nearly 1.2 billion pounds of manganese (10.3 million tons grading 5.18 ounces per ton silver and 6.26% manganese). (For details of the preliminary assessment please refer to the Company’s news release dated February 13, 2007, available on www.wildcatsilver.com). Drilling to date by Wildcat has confirmed the general viability of the historic drill results and identified previously unknown mineralization at depth.
On behalf of the Board of Directors,
President and Chief Executive Officer
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 the Company’s latest annual report and management’s 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.