WILDCAT drill results include 37 metres of 407 grams per tonne silver, 14.6% manganese, 2.01% zinc and 2.30% lead

Vancouver, B.C., April 4, 2011 �� Wildcat Silver Corporation (TSX-V: WS) ("Wildcat��� or "the Company���) is pleased to announce the results of four additional drill holes completed on the Company���s flagship Hermosa property located in Santa Cruz County, Arizona.

Of the four holes reported, three holes were step-out holes (Hole HDS-114, HDS-115 and HDS-116).� A total of 23 holes have been drilled in the current program for a total of 6,250 metres, of which 11 holes (eight step-out holes) have been reported to date.

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

Step-out Holes

Drill holes HDS-114,115 and 116 continue to test the eastern and southeastern portions of the Hermosa resource area, demonstrating high grades of silver and manganese.� Significant assays encountered in these drill holes support the extension of mineralization beyond the current resource and provide important geologic information in a previously untested area where recognized faulting exists.

Infill Hole

HDS-112 is located near the western edge of the current Hermosa resource.� The significant silver and manganese mineralization encountered in this hole confirms continuity with previous drilling north and south of HDS-112 and indicates the resource remains robust and open to the northwest.� Future drilling will target the connection to the mineralization intersected in the previously reported hole HDS-113 (results reported March 24, 2011) and to the west and northwest. Of note, HDS-112 intersected 36.6 metres of 406.5 g/t silver, 14.55% manganese, 2.01% zinc, 2.30% lead and 0.15% copper.

For the full press release click here.

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 6.0 million tonnes averaging 187.8 grams per tonne silver for a total of 36 million ounces of silver in addition to an inferred mineral resource of 46.3 million tonnes averaging 58.6 grams per tonne silver for a total of 85 million ounces of silver. The Company has completed an updated preliminary economic assessment which contemplates an 18 year mine life with expected annual production in excess of 6 million ounces of silver for the first full six years of production.

Wildcat trades on the TSX Venture Exchange under the symbol WS.

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

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.

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 forward-looking statements, whether as a result of new information, future events or otherwise.

CAUTIONARY NOTE CONCERNING INFERRED MINERAL RESOURCES
A preliminary economic assessment is preliminary in nature and includes inferred mineral resources. Inferred mineral resources have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that an inferred mineral resource will have the economic consideration applied that would enable it to be categorized in the mineral reserve category, and there is no certainty that the preliminary assessment will be realized.