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Wildcat Mining Corporation Page 5 <br />0 <br />INTRODUCTION <br />Wildcat Mining Corporation acquired various surface and mineral interests to the <br />historic May Day and Idaho mine properties, La Plata County, Colorado, in 2006 <br />and has undertaken a program of work to reopen and stabilize the underground <br />mine workings and refurbish a mineral processing mill in preparation for mining <br />and production of gold. Plans call for mining identified mineralized material from <br />the #1 and #2 levels of the May Day mine and processing the ore through the mill <br />on the Idaho millsite. Gold production is anticipated in the first half of 2007. <br />The author was engaged by Mr. J. M. Clements in December 2006 to prepare <br />this report. It is the objective of this report to summarize the current <br />understanding of the geology and mineralization of the May Day -Idaho gold - silver <br />deposit, to summarize the current status of the mine and plant rehabilitation <br />activities, and to outline the proposed path to gold production. While the report is <br />technical in character, it remains an overview; for more detailed information, the <br />reader is directed to the sources referenced. <br />The information contained herein has been developed from a critical review of <br />the documents listed in the References, from the author's personal knowledge of <br />the geology of the La Plata Mountains, and especially from the personal <br />• recollections and experience of Mr. John Ferguson — miner, mining engineer, and <br />resident of Mayday Colorado. <br />The author was able to visit a limited portion of the underground workings on the <br />#2 level of the May Day Mine and the largely refurbished mineral processing <br />facility at the Idaho millsite during the preparation of this technical report in <br />January 2007. The author is a resident of Mancos, Colorado, and is reasonably <br />familiar with the geology of the California Mining District, having undertaking <br />numerous informal geological investigations in the area over the past four years. <br />This report has been prepared compliant with the requirements and guidelines of <br />Canadian National Instrument 43 -101, as revised in 2005. Although no <br />Canadian securities transactions are currently under consideration for this <br />property, NI 43 -101 has become the de facto standard worldwide for <br />documentation of mineral properties. The act requires that reports on mineral <br />properties be written to a defined format and must specifically address a number <br />of topics. <br />Units of Measure <br />The May Day and Idaho mines have a history extending back slightly more than <br />a century, and a trail of maps and documents recording this history, all of which <br />use common English units of measure. For consistency, all units of measure in <br />0 <br />January 2007 <br />May Day — Idaho Mine Colorado <br />