Pacific Wildcat Resources Corp.: Company Actively Examining Lithium Potential on Mozambique Tantalum Licences

Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company") is
pleased to announce that in addition to its primary objective of adding to the
existing tantalum resource base, it is actively examining the lithium potential
on its licences in Mozambique. With licences totalling over 450 square
kilometres, PAW is the largest single private licence holder on the Alto Ligonha
pegmatite belt in northern Mozambique, a belt which contains a number of
historic tantalum and lithium mine workings including the Muiane mine.


To view the map accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/PACWILDFIGURE.pdf


BACKGROUND ON LITHIUM

Lithium is predominately found in hard rock mineral deposits as well as in
brines from salt lakes. Hard rock lithium minerals include spodumene, petalite
and lepidolite with most economically significant concentrations of these
minerals found in pegmatites. Lithium-rich pegmatites can be found in
association with, and / or adjacent to, tantalum-rich pegmatites.


Lithium is used in a diverse array of products such as high value batteries,
ceramic glass and lubricants.


The lithium market has undergone substantial growth over the last 5 years and
this has resulted in a substantial increase in the Lithium price. This growth
has predominately been driven by increased demand for lithium batteries,
particularly for use in environmentally friendly, electric passenger vehicles.


HISTORIC TANTALUM AND LITHIUM DATA ON THE MOZAMBIQUE LICENCES

Historic data contained within a National Instrument 43-101 technical report
titled "Technical Report on the Mineral Assets of Tantalum Mineracao and
Prospeccao Limitada", dated 25th May 2009 (the "43-101 Report"), indicates that
the Company's Mozambique licences have the potential for both tantalum and
lithium mineralization. The 43-101 Report makes reference to a joint Russian and
Mozambican exploration project carried out at Muiane between 1979 and 1982. As
part of this project a series of exploration programmes were carried out
followed by some mining. These included:


1) The sinking of 24 exploratory shafts,

2) Drilling of 24 diamond drill holes for a total of 1,800 metres, and

3) Digging of 27 trenches for 1,460 metres.

This programme was reported to document grades for the following Ta2O5, Nb2O5,
Li2O, BeO, Bi2O, Cs2O, Na2O and K2O.


PAW has recently received a large amount of data from these programs (Cross
sections, drill logs, assays). The quality of this data is variable and PAW is
currently compiling/translating the information with a view to gaining a better
understanding of the data and potential mineralization. What can be reported is
that the depth of some of the holes drilled were in excess of 120 metres. Some
of these holes have shown extension of the pegmatites to depths below the limit
of the RC drilling the subject of the current 43-101 Report.


The 43-101 Report also makes reference to historic trenching completed between
1994 and 1996 by African Mining and Trust ("AMT") as part of an exploration
program which, in addition to trenching, included mapping, diamond drilling,
bulk sampling, geophysical surveys and radiometric analysis. Analyses of samples
taken from these trenches were conducted by Mintek of South Africa with assays
taken for the following minerals: Ta2O5, Nb2O5, Li2O, ThO2, and U3O8. The known
tantalum and lithium assay results from the trench sampling are presented below
in Table 1.




-----------------------------------------------------------------
Location                                 Ta2O5 (ppm)      Li2O (%)
-----------------------------------------------------------------
Trench 1    Upper - Coarse                      136          2.17
            Fines                               455          0.14
            Lower - Coarse                      133          0.60
            Fines                                70          0.14
-----------------------------------------------------------------
Trench 2    Coarse (greater than 12mm)          368          2.66
            Coarse (6mm-12mm)                   165          2.44
            Fines                               492          0.90
-----------------------------------------------------------------
Trench 3    Coarse (greater than 12mm)          107          1.85
            Coarse (6mm-12mm)                   138          2.08
            Fines                               332          0.58
-----------------------------------------------------------------
Trench 4    Coarse (greater than 12mm)          212          1.95
            Coarse (6mm-12mm)                   185          2.57
            Fines                               332          0.58
-----------------------------------------------------------------
Table 1 - Muiane Project - Summary of AMT Trench Assay Results
         (Ta2O5 & Li2O)



These assay results confirm elevated levels of Li20 in samples taken from the
trenches. The 43-101 Report makes reference to the Muiane pegmatite exhibiting a
wide variety of minerals, including the presence of lithium minerals (petalite,
spodumene (altered) and lepidolite). The 43-101 Report also makes reference to
the Litica Zone, a lithium-rich zone which was the main focus of previous mining
operations.


As reported in the 43-101 Report, ITM Mining Limited ("ITM") carried out an
extensive mineral processing and geological sampling program at Muiane from May
to June, 1999. A total of 24 RC drill holes were drilled to depths of between
26m and 70m for a total of 973m of which 909 m was assayed. In addition, five
bulk samples of approximately 19 tonnes each were manually excavated from the
west block at Muiane. Although ITM did assay for Ta2O5 and Li2O, there is
limited information on the quality control and assaying techniques used. What
can be reported is that lithium mineralisation was encountered in over 80% of
the total RC samples assayed and that in both the Litica Zone and quartz /
spodumene zones, significant amounts of lithium mineralisation were intersected.
Lithium mineralisation was also reported in conjunction with Tantalum
mineralisation in all five bulk samples. These historic results need to be
validated using a combination of trenching and drilling which adhere to the
appropriate quality assurance and quality control procedures.


To view the photos accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/PACWILDPHOTOS.pdf


In addition to the historic data which indicates lithium potential on the
Company's licences, there is a history of lithium mining on the Alto Ligonha
pegmatite belt. This was documented in a publication titled "The Geology and
Mineral Resources of Mozambique", National Directorate of Geology Mozambique
(Lachelt 2004). This publication states, "At some Alto Ligonha pegmatites,
lithium (lepidolite) and caesium (mostly pollucite) were mined as by products
(in addition to gemstones and industrial minerals) as well as "The most
important Li-mineral deposits are those of Morrua, Muiane, Moneiea and
Munhamola..."


PAW TEAM HAVE EXTENSIVE LITHIUM AND TANTALUM EXPERIENCE

The PAW team has extensive experience in the mining, processing and marketing of
lithium and tantalum. From 2001 to 2004, PAW director Mr. David Paull was
responsible for selling of over half the world's tantalum and two thirds of the
world's hard rock lithium production in his role as Executive General Manager of
Marketing and Business Development for Sons of Gwalia in Western Australia.


Mr. David Bale, a geologist and metallurgist by background, consults to PAW. Mr
Bale has over 30 years experience in the tantalum and lithium mining industry
including a period as Managing Director of Lithium Australia Limited. From 1996
to 2007, Mr. Bale was Executive General Manager of the Minerals Division for
Sons of Gwalia. During this period he was responsible for managing the
production of over half the world's tantalum and two thirds of the world's hard
rock lithium.


Mr. Darren Townsend, PAW's President/CEO, is a mining engineer with over 15
year's mining industry experience. Mr. Townsend was previously General Manager
at the Wodgina tantalum mine in Western Australia where over a period of five
years he was instrumental in overseeing the expansion of the operation into what
was then the world's largest Tantalum operation.


SHORT TERM COMPANY STRATEGY

The Company's strategy is to aggressively explore delineated tantalum targets on
licences with the objective of adding to the existing tantalum resource base and
gaining a better understanding of the lithium potential of the properties. The
Company has recently engaged a drilling company to undertake a 1,500 m RC
drilling program targeting high grade tantalum (Spirit Valley and Maridge) and
Lithium targets in and around Muiane. Drilling is expected to commence prior to
the end of October.


SUMMARY

The Chairman Mr. Terry Lyons said today, "Broadening our scope to explore for
lithium in conjunction with tantalum in the pegmatites on our licences is a
logical step for PAW. We look forward to getting the results from the upcoming
drilling program and continuing to implement the first steps of our business
plan."


QUALIFIED PERSON AND DISCLAIMER

Qualified Person: Michael John Sperinck, BSc - Geology and Chemistry, MAusIMM,
an independent consultant with Global Mining Services and qualified person under
the NI 43-101, has reviewed the technical contents relating to the Muiane mine
for this news release.


Disclaimer: The Company wishes to clarify that certain information in this news
release is based on historic data and references. A qualified person has not
done sufficient work to validate all of the historical data and some of this
data has had little or no quality assurance / quality control. As a result, this
historic data should not be relied upon. Further, there has been insufficient
exploration work completed to define a lithium resource and it is uncertain if
further exploration will result in the discovery of a lithium resource.


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

Darren Townsend, President