Pacific Wildcat Resources Corp. (TSX VENTURE:PAW) ("PAW" or the "Company")
advises that it has signed extensions to the following debt obligations. 


Existing Convertible Promissory Notes 

Further to the Company's Press Releases of 3 July 2012 titled, "PAW Acquires 70%
Indirect Interest in Mrima Hill For Shares And Convertible Note", as part of the
closing of the acquisition of the 70% indirect ownership interest in Cortec
Mining Kenya Limited, owner of the Mrima Hill Niobium and Rare Earth Project,
Finebrook investments Pty ltd, as trustee for the O'Sullivan Superannuation
Fund, and Dunross Capital Limited (collectively the "Vendors") were issued in
aggregate Cdn$775,000 convertible promissory notes (the "Notes") which were due
to mature on the 12th September 2013. The Vendors have agreed to extend the
maturity date of the Notes until the 10th January 2014. The Notes bear interest
at a rate of 1% per month, compounded monthly, and the principal and interest is
convertible at any time by the Vendors into common shares of the Company.
Subject to the acceptance of the TSX Venture Exchange (the "TSXV"), the
conversion price under the Notes has been amended to Cdn$0.07 per share, from
the original conversion price of Cdn$0.11. 


Existing Debt Facility 

In addition and further to the Company's press releases of 11 September 2012,
titled "PAW signs Financing Facilities to facilitate Closing of Acquisition of
Stirling Capital Limited and Cortec (Pty) Ltd" and 26th November 2012, titled
"Amendment to Non Revolving Credit Facility and Advance of Second Drawdown", the
Company has drawn down a total of Cdn$1million dollars in two tranches from an
arm's length party (the "Lender"). The first tranche, in the principal amount of
$500,000, was due to be repaid on the 12th September 2013. The Lender has agreed
to extend the date of the repayment until the 3rd October 2013, to allow the
Company time to progress current negotiations for a potential financing option
to facilitate the installation of additional capital equipment for the Company's
Mozambican Tantalum Assets.


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

Darren Townsend, President & CEO

About Pacific Wildcat Resources Corp. - Pacific Wildcat is a TSX Venture
Exchange listed Canadian mineral exploration company having the trading symbol
"PAW". PAW owns 100% of Stirling Capital Ltd and Cortec Pty Ltd, two UK
companies that between them own a 70% interest in Cortec Mining Kenya Limited, a
Kenyan company which has the mining rights (please note Company's Press Release
# 2013-17, on purported revocation of mining licences issued since January 2013
by Kenyan Government for a 60 day review period) to the Mrima Hill Niobium and
Rare Earth Project in Kenya. In July 2013 the Company completed an updated
independent Niobium Resource estimate for 47.8 million tonnes at 0.66% Nb2O5
(Indicated Classification) plus 94.4 million tonnes at 0.73 % Nb2O5 (Inferred
Classification) at a 0.2% Nb2O5 cut-off. In July 2013 the Company completed an
inaugural independent Total Rare Earth Resource estimate for 48.7 million tonnes
at 4.44% TREO (Indicated Classification) plus 110.7 million tonnes at 3.61 %
TREO (Inferred Classification) at a 1% TREO cut-off. For information about
Pacific Wildcat Resources Corp. and its development and exploration activities
shareholders and other interested parties are invited to visit the company's
website at www.pacificwildcat.com. More information on the foregoing mineral
resource estimates is included in the Company's news release dated July 29,
2013, titled "High Grade and Large Tonnage Niobium and Rare Earth Resource for
Mrima Hill" and in the Technical Report dated September 1, 2013, titled "NI
43-101 Technical Report for the Mrima Hill Niobium and Rare Earth Project, Kwale
District, Kenya", which is filed on www.sedar.com and the Company's website. Mr.
Benjamin C. Pollard, principal geologist of BMGS Perth Pty Ltd, a qualified
person (as defined in NI 43-101) has reviewed and approved the technical
information contained in this news release.


Investors are cautioned that trading in the securities of Pacific Wildcat
Resources Corp. should be considered highly speculative. The TSX Venture
Exchange has neither approved nor disapproved the contents of this press
release. 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. Cautionary note:
This press release may contain forward looking statements on matters such as
cash flow, capital expenditures, work programs, the estimation of mineral
resources and the Company's plans with respect to the exploration and
development of its projects and its investment plans regarding TSX Venture
Exchange approval and the completion of financing activities. By their nature,
forward looking statements involve risk and uncertainties because they relate to
events and depend on factors that will or may occur in the future. Actual
results may vary depending upon exploration activities, industry production,
commodity demand and pricing, currency exchange rates, and a number of factors,
including regulatory matters, metals prices and, but not limited to, general
economic factors. There can be no assurance that the Company will be able to
obtain all the permits that are required in order to commence mining operations
at the Mrima Hill Project. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Wildcat Resources Corp.
Terese Gieselman
Company Secretary/Chief Financial Officer
+1-250-768-0009
info@pacificwildcat.com
www.pacificwildcat.com

Pacific Wildcat Resources Corp. (TSXV:PAW)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Pacific Wildcat Resources Corp. Charts.
Pacific Wildcat Resources Corp. (TSXV:PAW)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Pacific Wildcat Resources Corp. Charts.