Pacific Wildcat Resources Corporation announced that it has entered into an acquisition agreement pursuant to which the company has agreed to acquire, subject to the fulfillment of certain conditions precedent, 100% of the issued capital of two private United Kingdom companies that between them are the legal and registered owners of 70% of the issued capital of Cortec Mining Kenya Limited, a private company incorporated in Kenya.

Cortec holds 3 prospecting licenses in Kenya 2 exclusive prospecting licenses and 1 special prospecting license covering an aggregate area of 1,180 square kilometers that is referred to as the Mrima Hill Project. The Project is an advanced exploration stage mineral property with the principally targeted resources being niobium and rare earth metals.