2006 News

Wildrose Resources Ltd. (“Wildrose” or the Company) has the brokered private placement, previously announced on April 25, 2006, with Pacific International Securities Inc. (“PI”). The Company issued1,000,000 units at a price of $1.45 per unit (the “Offering”). Each unit consists of one flow-through common share and one-half of a non-flow-through share purchase warrant. Each full warrant is exercisable for the purchase of an additional Wildrose non-flow-through common share for a period of one year from the date of regulatory approval of the offering at a price of $1.65 per share.

As consideration for acting as agent, the Company paid to PI a commission of 8% of the gross proceeds of the offering, being $94,631 in cash, 14,737 in units of the offering at a deemed price of $1.45 per unit, and 100,000 agent’s warrants exercisable into one common shares of the Company at a price of $1.50 for one year from closing.

The net proceeds of the offering shall be applied to exploration of the Spanish Mountain and Woodjam mineral projects in British Columbia.

This offering is subject to approval of the TSX Venture Exchange.

On behalf of the board of directors of Wildrose Resources Ltd.

Don Sharp

Donald D. Sharp, C.A.
Director and Chief Financial Officer
Wildrose Resources Ltd.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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