PACIFIC WILDCAT: Hochgradige Niobium & REE Vorkommen in Afrika ( Seite 12)

PAW Announces Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") wishes to announce the signing of a letter of engagement (the "LOE") with GMP Securities L.P. ("GMP") to raise up to $25 million through a brokered private placement (the "Offering").

The Offering will be undertaken by a syndicate of agents (the "Agents") lead by GMP, with Byron Capital Markets Ltd. ("Byron") and GMP acting as co-book runners.

The net proceeds from the Offering will be used to complete the acquisition of a 70% indirect interest in the Mrima Hill niobium and rare earth project in Kenya (the "Acquisition"), for ongoing exploration and resource definition work and for general corporate purposes.

The material terms of the LOE are as follows:

A "best efforts" private placement of subscription receipts (each, a "Subscription Receipt") at an issue price of $0.30 per Subscription Receipt to raise gross proceeds of up to $25 million.

The Subscription Receipts will be automatically exchanged, without payment of any additional consideration, for an equal number of units (each a "Unit") upon the completion of certain conditions, including the entering into of a definitive agreement for the Acquisition, the receipt of all necessary shareholder approvals and the acceptance of the Offering by the TSX Venture Exchange (the "TSXV"). Each Unit will consist of one common share of the Company (a "Common Share") and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at an exercise price of $0.40 per common share at any time within 36 months following the closing of the Offering (the "Closing"). If on any 30 consecutive trading days occurring after four months and one day has elapsed following the Closing, the closing price of PAW's common shares (or the closing bid, if no sales were reported on a trading day) on the TSXV is greater than $0.60 per common share, PAW may accelerate the expiry date of the Warrants to the 30th day after the date on which PAW gives notice of such acceleration to the holders of the Warrants in accordance with the terms of the Warrants.

The Company will grant the Agents the option, exercisable up to 48 hours prior to the Closing, to arrange for the purchase of up to an additional 15% of the number of Subscription Receipts sold under the Offering for additional gross proceeds to the Company of up to $3,750,000.

In accordance with Canadian securities legislation and the policies of the TSXV, the securities issued pursuant to the Offering will be subject to a restricted hold period of four months from the Closing.

PAW President and CEO, Darren Townsend, said "We are extremely pleased to have GMP and Byron leading this financing. This financing will give the Company the funds to complete the acquisition of a 70% indirect interest in the Mrima Hill property and to allow sufficient working capital for an important resource drilling campaign. RC resource drilling continues on site with over 3,000 metres of drilling of the current program completed to date with first samples currently at the laboratory in Australia. It is the aim of the Company to release its maiden rare earth oxide resource in the 3rd quarter of 2012 with an initial exploration target* for the deposit of between 30 million to 40 million tonnes at grades ranging from 4.0% to 5.0% TREO."

ON BEHALF OF THE BOARD OF DIRECTORS OF PACIFIC WILDCAT RESOURCES CORP.

Darren Townsend, President and CEO