Pacific Wildcat Resources Corp. announced audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported loss before income tax was CAD 8,880,532 against CAD 2,799,937 a year ago. Loss after income tax was CAD 8,106,532 against CAD 3,205,998 a year ago. Loss per basic and diluted share was CAD 0.04 against CAD 0.03 a year ago. Total cash outflows from operating activities were CAD 1,387,630 against CAD 1,398,134 a year ago. Acquisition of property, plant and equipment was CAD 120,977 against CAD 1,625,143 a year ago. Investment in exploration and evaluation assets was CAD 2,907,691 against CAD 2,066,886 a year ago.

Pacific Wildcat Resources Corp. announced the stepping down of Mr. David Paull and Mr. Darryl Levitt from the PAW board effective April 1, 2013 to pursue other interests as the company transitions to a development stage. Mr. Paull and Mr. Levitt will continue to consult to the company as required.

Pacific Wildcat Resources Corp. announced that it will raise CAD 1.5 million (USD 1.5 million) to fund exploration at the Mrima Hill niobium and rare earth project in Kenya. Part of the funding will be used for general working capital purposes as well. The company will raise the amount through a non-brokered private placement of common shares and warrants. The company comments that the funded activities at the Mrima Hill Project will include additional resource definition and advancing metallurgical work.