VANCOUVER, March 4, 2013 /CNW/ -  Wildcat Silver Corporation (TSX: WS) ("Wildcat") announces today that it has entered into a letter of intent with Riva Gold Corporation ("Riva") providing for the acquisition by Wildcat of all of the outstanding common shares of Riva in consideration for 4.7 common shares of Riva for one common share of Wildca t. This represents a price of C$0.17 per Riva common share, which is based on the volume weighted average price of the Wildcat common shares for the 20 trading days ending March 1, 2013.

Riva is a Canadian-based mineral exploration company that had been assessing strategic alternatives and evaluating potential opportunities for the last year. Riva trades on the TSX Venture Exchange under the symbol "RIV". Riva currently has a cash balance of approximately C$8.1 million and does not hold any mineral properties.

In connection with the acquisition, Riva also agreed to provide a C$1 million secured term loan to Wildcat, subject to any applicable regulatory approvals.  Interest payable on the loan is equal to the prime rate plus 4% and the loan matures on December 31, 2013.

"This transaction is expected to provide Wildcat with sufficient funds to advance the Hermosa project through prefeasibility and into the feasibility stage with the least dilution to our shareholders," saidDon Taylor, President and Chief Operating Officer  "With this additional cash, we look forward to unlocking additional value and moving our project forward this year."

The proposed acquisition remains subject to, among other things, the negotiation and execution of a definitive agreement and applicable shareholder and regulatory approvals.