Wild Stream Exploration Inc. Announces a $30,315,000 Bought Deal Financing

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VIOLATION OF U.S. SECURITIES LAW.


Wild Stream Exploration Inc. ("Wild Stream" or the "Company") (TSX VENTURE:WSX)
is pleased to announce Wild Stream has entered into an agreement with a
syndicate of underwriters, led by National Bank Financial Inc. and including
Peters & Co. Limited, Paradigm Capital Inc, FirstEnergy Capital Corp. and GMP
Securities L.P. (collectively, the "Underwriters"), pursuant to which the
Underwriters have agreed to purchase for resale to the public, on a bought deal
basis, 4,700,000 common shares of Wild Stream ("Common Shares") at a price of
$6.45 per share for gross proceeds of $30,315,000 (the "Financing"). In
addition, the Underwriters have been granted an over-allotment option,
exercisable for a period of 30 days following closing of the Financing, to
purchase a further 470,000 Common Shares, at a price of $6.45 per share for
additional gross proceeds of $3,031,500. 


The net proceeds will be used to increase the 2010/11 capital exploration and
development program and for general corporate purposes. Closing of the Financing
is expected to occur on or about October 12, 2010, subject to customary
conditions and regulatory approvals, including the approval of the TSX Venture
Exchange (the "TSXV"). 


WARNING

The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, or any state securities law and may not be
offered or sold in the United States absent registration or applicable exemption
from those registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful.


FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. The use of any of the
words "current", "scheduled", "will", "prior to", "estimate", "anticipate",
"believe", "potential", "should", "forecast", "future", "continue", "may",
"expects", "project", and similar expressions are intended to identify
forward-looking statements.


Since forward-looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the failure to obtain
necessary regulatory approvals or satisfy the conditions to closing the
Financing. Certain of these risks and others applicable to Wild Stream are set
out in more detail in Wild Stream's Annual Information Form which has been filed
on SEDAR and can be accessed at www.sedar.com.


Although Wild Stream believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward looking statements because Wild Stream can give no
assurance that they will prove to be correct.


The forward-looking statements contained in this document are made as of the
date hereof and Wild Stream undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.