Wild Stream Exploration Inc. Announces a $76 Million Bought Deal Financing

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VIOLATION OF U.S. SECURITIES LAW.


Wild Stream Exploration Inc. ("Wild Stream") (TSX VENTURE:WSX) is pleased to
announce that it has entered into an agreement with a syndicate of underwriters,
co-led by Peters & Co. Limited and National Bank Financial Inc., and including
Paradigm Capital Inc., FirstEnergy Capital Corp., CIBC World Markets Inc., GMP
Securities LP and Desjardins Securities Inc. (collectively, the "Underwriters"),
pursuant to which the Underwriters have agreed to purchase for resale to the
public, on a bought deal basis, 7,000,000 common shares of Wild Stream ("Common
Shares") at a price of $10.85 per Common Share for gross proceeds of
approximately $76 million (the "Financing"). In addition, the Underwriters have
been granted an over-allotment option, exercisable in whole or in part at any
time until 30 days following closing of the Financing, to purchase a further
700,000 Common Shares, at a price of $10.85 per Common Share for additional
gross proceeds of $7.6 million. 


The net proceeds of the Financing will be used to initially reduce bank
indebtedness under Wild Stream's credit facility, and for general working
capital purposes. Subject to completion of the Financing, Wild Stream plans to
increase its previously announced 2011 capital budget of $95 million by an
additional $25 million, the majority of which will be directed to Wild Stream's
Shaunavon property. Closing of the Financing is expected to occur on or about
March 9, 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. Specifically, this press release contains
forward-looking statements regarding the use of proceeds of the Financing and
closing thereof.


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.