VANCOUVER, May 3, 2013 /PRNewswire/ – Riva Gold Corporation (TSXV: RIV) (“Riva”) and Wildcat Silver Corporation (TSX: WS) (“Wildcat”) announce that the acquisition of Riva by Wildcat was
approved at Riva’s annual general and special meeting of shareholders
today. The acquisition of Riva by Wildcat was announced on March 4,
2013 and a definitive agreement was entered into and announced on April
4, 2013 providing for the acquisition by Wildcat of all the outstanding
common shares of Riva in consideration for one common share of Wildcat
for 4.7 common shares of Riva.

The transaction will be completed by way of the amalgamation of Riva and
a wholly-owned subsidiary of Wildcat under the Business Corporations Act (British Columbia). Full details on the transaction can be found in
Riva’s management information circular dated April 3, 2013, which is
available on SEDAR (www.sedar.com) under Riva’s SEDAR profile. Subject to customary regulatory approval,
Riva expects the transaction to be completed on May 6, 2013.

About Riva
Riva is a Canadian-based mineral exploration company that was focused on
identifying and developing new discoveries. Riva was assessing its
strategic alternatives and evaluating potential opportunities with the
objective of taking a staged approach to its activities. Riva trades on
the TSX Venture Exchange under the symbol “RIV”.

About Wildcat
Wildcat is a Canadian mineral exploration company focused on the
development of its 80% owned Hermosa silver project located in Santa
Cruz County, Arizona. The project currently has a preliminary economic
assessment completed which estimates average annual production of over
15 million ounces of silver for the first five years and a 16 year mine
life, making it one of the largest undeveloped silver projects in the
USA. Hermosa’s measured and indicated mineral resource consists of 194
million tonnes averaging 37.7 grams per tonne silver for a total of 236
million ounces of silver and an inferred mineral resource of 80 million
tonnes averaging 30.9 grams per tonne silver for a total of 79 million
ounces of silver as announced in the August 9, 2012 press release.

FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release, including all
statements that are not historical facts, contain forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements or
information include, but are not limited to, statements or information
with respect to: the proposed amalgamation of Riva with a wholly-owned
subsidiary of Wildcat, the exploration and development of mineral
properties; and Riva and Wildcat’s future business and strategies.

Often, but not always, forward-looking statements or information can be
identified by the use of words such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate” or
“believes” or variations of such words and phrases or statements that
certain actions, events or results “may”, “could”, “would”, “might” or
“will” be taken, occur or be achieved. With respect to forward-looking
statements and information contained herein, we have made numerous
assumptions including among other things, that the transaction between
Riva and a wholly-owned subsidiary of Wildcat will complete, that no
significant adverse changes will occur to planned exploration
expenditures, that there will be no significant delays of the
completion of planned exploration programs; as to the continuing
availability of capital resources to fund exploration programs; and
that Riva and Wildcat will not experience any adverse legislative or
regulatory changes. Although management of Riva and Wildcat believe
that the assumptions made and the expectations represented by such
statement or information are reasonable, there can be no assurance that
any forward-looking statement or information referenced herein will
prove to be accurate. Forward-looking statements and information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements or
information. Such risks, uncertainties and other factors include, among
other things: general economic, market and business conditions; land
use rights; adverse industry events; the ability of Riva and Wildcat to
acquire additional mineral properties of merit; and currency
fluctuations.

Although we have attempted to identify factors that would cause actual
actions, events or results to differ materially from those disclosed in
the forward-looking statements or information, there may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. Also, many of the factors are beyond the control
of Riva and Wildcat. Accordingly, readers should not place undue
reliance on forward-looking statements or information. Riva and WIldcat
undertake no obligation to reissue or update any forward-looking
statements or information as a result of new information or events
after the date hereof except as may be required by law. All
forward-looking statements and information herein are qualified by this
cautionary statement.

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.

SOURCE Wildcat Silver Corporation