Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Wildcat Silver Corp. - Exhibit 4.9

EXECUTION COPY 

VOLUNTARY POOLING AGREEMENT 

THIS AGREEMENT dated for reference May 18, 2006, is made: 

AMONG: 

WILDCAT SILVER CORPORATION, a
company existing
under the laws of British Columbia and having its head
office at
Suite 400, 837 West Hastings Street, Vancouver, British
Columbia,
V6C 3N6 

(“Wildcat”);

AND: 

VENTANA GOLD CORP., a company
existing under the laws of
British Columbia and having its head office at
Suite 400, 837 West
Hastings Street, Vancouver, British Columbia, V6C 3N6

(“Ventana”)

AND: 

JON LEHMANN, of 5712 East 25th
Avenue, Spokane,
Washington, 99223, United States of America
(“Lehmann”)

AND: 

ALLEN AMBROSE, of 401 West
Charlton Avenue, Spokane,
Washington, 99208, United States of America 

(“Ambrose”, and together with Lehmann,
the “Shareholders”); WHEREAS:

A. Pursuant to an agreement dated for reference May 18, 2006
entered into among Wildcat, Ventana and the Shareholders (the “Acquisition
Agreement”), Wildcat issued to the Shareholders an aggregate of 3,000,000 Class
“A” special warrants (the “Special Warrants”), of which 2,250,000 Special
Warrants have been issued to Lehmann and 750,000 Special Warrants have been
issued to Ambrose. 

B. Each of the Special Warrants is exercisable to acquire one
common share in the capital of Wildcat (the “Wildcat Shares”) for no additional
consideration, pursuant to the terms and conditions of the Acquisition Agreement
and the certificates representing such Special Warrants. Subject to certain
conditions, the Special Warrants will be included in a plan of arrangement (the
“Plan of Arrangement”) by Wildcat to distribute all of the issued shares of
Ventana to Wildcat’s shareholders on a one-for-one basis, and upon completion of
the plan of arrangement, Ventana will issue to the Shareholders for no
additional consideration an aggregate of 3,000,000 common shares in the capital
of Ventana (the “Ventana Shares”) in exchange for the Special Warrants, which
will be cancelled. 

	2 	EXECUTION COPY 

C. Wildcat, Ventana and the Shareholders have agreed to
restrict the Ventana Shares or the Wildcat Shares, as applicable (together, the
“Pooled Shares”) from being disposed of by the Shareholders on the terms and
conditions of this Agreement.

D. Unless otherwise defined in this Agreement, all defined
terms used in this Agreement have the meaning assigned to them in the
Acquisition Agreement. 

THEREFORE, the parties agree: 

	1. 	
      POOLING ARRANGEMENT

	 	 	 	 
	1.1 	
      Each of the Shareholders agrees, effective as of the date
      of this Agreement (the “Effective Date”), not to transfer, assign, option,
      dispose of, pledge or encumber any interest in their respective Pooled
      Shares (the “Restrictions on Disposition”) other than pursuant to this
      Agreement.

	 	 	 	 
	1.2 	
      Subject to subsection 1.3 of this Agreement, in the
      period from the Effective Date to the date which is 36 months following
      the Effective Date, the Pooled Shares will be released from the
      Restrictions on Disposition to the Shareholders in accordance with the
      release schedule set out in Schedule “A” to this Agreement.

	 	 	 	 
	1.3 	
      Notwithstanding subsection 1.2 of this Agreement, the
      Pooled Shares will be released from the Restrictions on Disposition on the
      earlier of:

	 	 	 	 
		(a) 	
      the day Wildcat or Ventana, as applicable, completes, or
      has completed, a technical report in accordance with National Instrument
      43-101, Standards of Disclosure for Mineral Projects, (“NI 43-101”) that
      identifies a measured, indicated or inferred mineral resource (as defined
      in NI 43-101) of at least 1,000,000 ounces of gold on the Property, as
      such term is defined in the Acquisition Agreement;

	 	 	 	 
		(b) 	
      if Ventana Shares have been issued to the
      Shareholders:

	 	 	 	 
			(i) 	
      the day an independent arm’s length third party completes
      a takeover bid, or otherwise acquires, over 50% of the issued and
      outstanding shares of Ventana; or

	 	 	 	 
			(ii) 	
      the day after any regulatory or public disclosure filings
      confirming the creation of a new control person or control block holding
      over 20% of the issued and outstanding shares of Ventana after the
      completion of the Plan of Arrangement;

	 	 	 	 
		(c) 	
      if Wildcat Shares have been issued to the
      Shareholders:

	 	 	 	 
			(i) 	
      the day an independent arm’s length third party completes
      a takeover bid, or otherwise acquires, over 50% of the issued and
      outstanding shares of Wildcat; or

	 	 	 	 
			(ii) 	
      the day after any regulatory or public disclosure filings
      confirming the creation of a new control person or control block holding
      over 20% of the

	3 	EXECUTION COPY 

issued and outstanding shares of
Wildcat after the completion of the Plan of Arrangement; or 

	 	(d) 	
      concurrently with the completion of an acquisition by a
      third party of shares of Ventana or Wildcat including the Ventana Shares
      or Wildcat Shares, as applicable, held by the Shareholders, which
      acquisition is conditional upon the release of the Pooled Shares from the
      Restrictions on Disposition.

	1.4 	
      Upon their release from the Restrictions on Disposition
      pursuant to subsections 1.2 or 1.3 of this Agreement, the Pooled Shares
      will cease to be governed or affected by this Agreement, without any
      further action being required.

	 	 
	1.5 	
      During the period in which the Pooled Shares are subject
      to the Restrictions on Disposition pursuant to this Agreement:

	 	 
		
      (a) 
	each of the Shareholders may exercise all voting rights
      attached to the Pooled Shares held by that Shareholder; and
	 	 
		
      (b) 
	
      any or all of the Pooled Shares may be transferred to
      another person only if the transferee agrees with Wildcat or Ventana, as
      the case may be, to be bound by the terms of this Agreement and signifies
      such agreement by entering into a voluntary pooling agreement in respect
      of the shares that are to be transferred on the same terms as are
      contained in this Agreement.

	 	 
	1.6 	
      Wildcat or Ventana, as the case may be, will
      conspicuously mark all certificates representing the Pooled Shares with
      the following legend:

“The shares represented by this
certificate are subject to a voluntary pooling agreement among Wildcat Silver
Corporation, Ventana Gold Corp. and, inter alia, the holder of these
securities, dated for reference May 18, 2006 (the “Agreement”), and are subject
to a hold period that expires on the earlier of <> [enter the
applicable release date in respect of the applicable amount of Pooled Shares as
set out in Schedule “A”] and the day calculated pursuant to subsection 1.3
of the Agreement.” 

	2. 	AMENDMENT AND ASSIGNMENT

This Agreement may be amended only by a written agreement among
the parties to this Agreement. 

	3. 	FURTHER ASSURANCES 

Wildcat, Ventana and the Shareholders will execute and deliver
any further documents and perform any acts necessary to carry out the intent of
this Agreement. 

	4 	EXECUTION COPY 

	4. 	TIME 

Time is of the essence of this Agreement. 

	5. 	NOTICES 

All notices, documents and other communications (“Notices”)
required or permitted to be given to the parties to this Agreement will be in
writing, and will be addressed to the parties as follows or at such other
address as the parties may specify from time to time: 

	 	(a) 	
      Wildcat:

	 	 	 
	 		
      Wildcat Silver Corporation

	 	 	400 – 837 West Hastings Street
	 		Vancouver, B.C. 
	 	 	V6C 3N6 
	 		
      Attention: President 

	 	 	Facsimile No.: (604) 687-1715
	 	 	 
	 	(b) 	
      Ventana:

	 	 	 
	 		
      Ventana Gold Corp.

	 	 	400 – 837 West Hastings Street
	 		Vancouver, B.C. 
	 	 	V6C 3N6 
	 		
      Attention: President 

	 	 	Facsimile No.: (604) 687-1715
	 	 	 
	 	(c) 	
      the Shareholders:

	 	 	 
	 		
      Jon Lehmann

	 	 	5712 East 25th Avenue
	 		
      Spokane, Washington 

	 	 	99223 United States of America 
	 	 	Facsimile No.: (509) 535-8452
	 	 	 
	 		
      Allen Ambrose

	 	 	401 West Charlton Avenue
	 		Spokane, Washington 
	 	 	99208 United States of America 
	 		
      Facsimile No.: (509) 921-7325

Notices must be delivered to the party to which notice is to be
given to the address above or to such other address as a party may by Notice to
the other parties advise. If Notice is delivered or transmitted by telecopier
during the normal business hours of the recipient, it will be deemed to be
received when delivered or sent by telecopier. If a Notice is delivered or
transmitted by 

	5 	EXECUTION COPY 

telecopier outside of normal business hours of the recipient,
it will be deemed to be received at the commencement of normal business hours of
the recipient on the next business day. 

	6. 	COUNTERPARTS 

This Agreement may be executed in two or more counterparts,
each of which will be deemed to be an original and all of which shall constitute
one agreement. 

	7. 	LANGUAGE 

Wherever a singular expression is used in this Agreement, that
expression is deemed to include the plural or the body corporate where required
by the context. 

	8. 	ENUREMENT 

This Agreement enures to the benefit of and is binding on the
parties and their successors and permitted assigns. 

	9. 	APPLICABLE LAW 

This Agreement is subject to and governed by the laws of
British Columbia and the parties irrevocably attorn to the non-exclusive
jurisdiction of the courts of British Columbia for the resolution of all
disputes arising under or in connection with this Agreement. 

	10. 	CONFLICTING AGREEMENTS

Where a provision of this Agreement conflicts or is
inconsistent with a provision of any other agreement to which either or all of
Wildcat, Ventana and the Shareholders are party, other than the Acquisition
Agreement, the terms of this Agreement will supersede any such conflicting
provision. 

IN WITNESS of this Agreement, the parties have executed and
delivered this Agreement as of the date given above. 

	WILDCAT SILVER CORPORATION 	 	VENTANA GOLD CORP. 
	  	 	  
	  	 	  
	  	 	  
	“Donald B.
      Clark” 	 	“Donald B. Clark” 
	Authorized Signatory 	 	Authorized Signatory 
	  	 	  
	  	 	  
	  	 	  
	“Jon Lehmann” 	 	“Allen
      Ambrose” 
	JON LEHMANN 	 	ALLEN AMBROSE 

EXECUTION COPY 

Schedule “A” to the Voluntary Pooling Agreement 

Release Schedule for 3,000,000 Pooled Shares 

Timed Release 

The Pooled Shares will be released on the later of: (i) the
date of issuance of the Wildcat Shares or the Ventana Shares pursuant to the
exercise of the Special Warrants or the completion of the Plan of Arrangement,
as applicable; and (ii) the release dates set out below. 

	

RELEASE DATES 
	
Percentage of Total 
Pooled
      Shares to be 
Released 	Total Number of 
Pooled Shares
      to 
be Released to 
Lehmann 	Total Number of 
Pooled Shares
      to be 
Released to 
Ambrose 
	May 18, 2006 	10% of Pooled Shares 	225,000 	75,000 
	November 18, 2006 	15% of Pooled Shares 	337,500 	112,500 
	May 18, 2007 	15% of Pooled Shares 	337,500 	112,500 
	November 18, 2007 	15% of Pooled Shares 	337,500 	112,500 
	May 18, 2008 	15% of Pooled Shares 	337,500 	112,500 
	November 18, 2008 	15% of Pooled Shares 	337,500 	112,500 
	May 18, 2009 	15% of Pooled Shares 	337,500 	112,500 
	TOTAL 	100% 	2,250,000 	750,000Filed by Automated Filing Services Inc. (604) 609-0244 - Wildcat Silver Corp. - Exhibit 4.10

ARRANGEMENT AGREEMENT 

 

WILDCAT SILVER CORPORATION 

- and - 

VENTANA GOLD CORP. 

 

October 16, 2006 

TABLE OF CONTENTS 

	  	  	Page 
	  	  	  
	ARTICLE 1
      INTERPRETATION 	2
    
	             
           1.1 	Definitions 	2 
	         
               1.2 	Currency
    	4 
	             
           1.3 	Interpretation Not Affected
      by Headings, etc. 	4 
	         
               1.4 	Number, etc
      	4 
	             
           1.5 	Date of any Action 	4 
	  	  	  
	ARTICLE 2 THE
      ARRANGEMENT 	4 
	           
             2.1 	The
      Arrangement 	4 
	  	  	  
	ARTICLE 3
      REPRESENTATIONS AND WARRANTIES 	5
    
	               
         3.1 	Mutual Representations and
      Warranties 	5 
	           
             3.2 	Survival of
      Representations and Warranties 	6 
	  	  	  
	ARTICLE 4
      COVENANTS 	6
    
	               
         4.1 	Mutual Covenants 	6 
	           
             4.2 	Shareholders’
      Meeting 	6 
	               
         4.3 	Final Order 	6 
	           
             4.4 	Confidentiality 	6 
	               
         4.5 	Fiduciary Duties 	7 
	           
             4.6 	Board
      Recommendation 	7 
	               
         4.7 	Ventana Assumption of
      Liabilities 	7 
	  	  	  
	ARTICLE 5 CONDITIONS
      PRECEDENT 	8 
	           
             5.1 	Mutual
      Conditions Precedent 	8 
	  	  	  
	ARTICLE 6
      TERMINATION OF AGREEMENT 	9
    
	               
         6.1 	Termination by Ventana or
      Wildcat 	9 
	           
             6.2 	Cessation of
      Right 	9 
	  	  	  
	ARTICLE 7
      GENERAL 	9
    
	               
         7.1 	Notices 	9 
	           
             7.2 	Fees and
      Expenses 	10

	               
         7.3 	Successors and Assigns
    	10 
	           
             7.4 	Time of
      Essence 	10

	               
         7.5 	Governing Law 	10 
	           
             7.6 	Entire
      Agreement 	10

	               
         7.7 	Further Assurances 	11 
	           
             7.8 	Amendment or
      Waiver 	11

	               
         7.9 	Counterparts 	11 

SCHEDULE A – Plan of Arrangement
SCHEDULE B – Wildcat
Resolutions

ARRANGEMENT AGREEMENT 

THIS AGREEMENT dated as of the 16th day of October, 2006, 

BETWEEN: 

WILDCAT SILVER CORPORATION, a
company incorporated under
the laws of British Columbia 

(“Wildcat”) 

AND: 

VENTANA GOLD CORP., a
company incorporated under the laws
of British Columbia 

(“Ventana”). 

WHEREAS: 

A. Wildcat is the registered and beneficial owner of all of the
issued and outstanding shares in the capital of Ventana; 

B. Ventana indirectly, through CVS Explorations Ltda. (“CVS”),
owns an option to acquire a 100% interest in the La Bodega gold property in
Colombia, South America, and beneficially owns, through CVS, the gold properties
comprising the California-Vetas property, also in Colombia, South America
(together, the “Colombian Interests”); 

C. Wildcat owns, indirectly, an 80% interest in the Hardshell
silver property located in Arizona; 

D. The boards of directors of each of Ventana and Wildcat have
determined that it would be in the best interests of both Ventana and Wildcat
for the silver operations and the gold operations to be conducted separately and
accordingly for Wildcat to spin off Ventana to the Wildcat shareholders in order
to enable Wildcat to focus primarily on the exploration and development of
silver properties and Ventana to focus primarily on the exploration and
development of gold properties; 

E. The parties have agreed to effect the spin off by way of a
plan of arrangement (the “Arrangement”) and, in this regard, Wildcat intends to
propose the Arrangement to its shareholders, under Sections 288 to 299 of the
Business Corporations Act, on the terms and conditions set forth in the
Plan of Arrangement attached as Schedule A to this Agreement; and 

F. The parties have agreed to enter into this Agreement setting
out the terms and conditions on which the Arrangement will be carried out. 

NOW THEREFORE in consideration of the mutual covenants and
agreements herein contained and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged by each of the parties
hereto, the parties hereto hereby agree as follows: 

- 2 - 

ARTICLE 1
INTERPRETATION 

	1.1 	Definitions 

In this Agreement: 

	 	(a) 	
      “Agreement” means this Agreement (including Schedule A)
      as the same may be supplemented or amended from time to time;

	 	 	 
	 	(b) 	
      “Applicable Securities Laws” means the applicable
      securities laws of the Provinces of British Columbia, Alberta and Ontario
      and the respective rules and regulations thereunder together with all
      applicable published policy statements, orders, notices and rulings of the
      British Columbia Securities Commission, the Alberta Securities Commission
      and the Ontario Securities Commission in effect as of the date
    hereof;

	 	 	 
	 	(c) 	
      “Arrangement” means the arrangement under Sections 288 to
      299 of the Business Corporations Act on the terms and conditions set out
      in the Plan of Arrangement attached as Schedule A and any amendment or
      variation thereto;

	 	 	 
	 	(d) 	
      “Business Corporations Act” means the Business
      Corporations Act, S.B.C. 2002, c. 57, as amended;

	 	 	 
	 	(e) 	
      “Business Day” means any day which is not a Saturday,
      Sunday or a day on which banks are not open for business in the relevant
      place;

	 	 	 
	 	(f) 	
      “CNQ” means the Canadian Trading and Quotation System
      Inc.;

	 	 	 
	 	(g) 	
      “Court” means the Supreme Court of British
    Columbia;

	 	 	 
	 	(h) 	
      “Dissenting Wildcat Shareholder” means a Wildcat
      Shareholder who duly exercises its Dissent Rights;

	 	 	 
	 	(i) 	
      “Dissent Rights” means the rights of dissent in respect
      of the Arrangement under the Business Corporations Act, as described in
      Article 4 of the Plan of Arrangement;

	 	 	 
	 	(j) 	
      “Effective Date” means the date on which the last of all
      necessary documents to effect the Plan of Arrangement have been filed with
      the Registrar;

	 	 	 
	 	(k) 	
      “Exchange” means the Toronto Stock Exchange or the TSX
      Venture Exchange;

	 	 	 
	 	(l) 	
      “Final Order” means the final order of the Court
      approving the Arrangement following the application therefor contemplated
      by Section 2.1, as such order may be amended by the Court at any time
      prior to the Effective Date or, if appealed then, unless such appeal is
      withdrawn or denied, as affirmed;

	 	 	 
	 	(m) 	
      “Interim Order” means the interim court order of the
      Court providing for, among other things, the calling and holding of the
      Wildcat Meeting following the application therefor contemplated by Section
      2.1, as the same may be amended, supplemented or varied by the
    Court;

- 3 - 

	 	(n) 	
      “Laws” means all laws, statutes, codes, ordinances,
      decrees, rules, regulations, by-laws, judicial or arbitral administrative
      or ministerial or departmental or regulatory judgments, orders, decisions,
      policies, guidelines, rulings or awards, including general principles of
      common law, legally binding on the Person referred to in the context in
      which the word is used;

	 	 	 
	 	(o) 	
      “Person” includes an individual, sole proprietorship,
      partnership, unincorporated association, unincorporated syndicate,
      unincorporated organization, trust, body corporate, a natural person in
      his capacity as trustee, executor, administrator, or other legal
      representative and the Crown or any agency or instrumentality
    thereof;

	 	 	 
	 	(p) 	
      “Plan of Arrangement” means the plan of arrangement set
      out in Schedule A, as amended or supplemented from time to time in
      accordance with any order of the Court;

	 	 	 
	 	(q) 	
      “Registrar” means the Registrar of Companies appointed
      under Section 400 of the Business Corporations Act;

	 	 	 
	 	(r) 	
      “Share Distribution Record Date” means the date
      established by Wildcat for the purpose of determining the Wildcat
      Shareholders entitled to receive Wildcat Class A Common Shares and Ventana
      Shares under the Arrangement and the Wildcat Warrantholders eligible to
      participate in the Arrangement;

	 	 	 
	 	(s) 	
      “Termination Date” means March 31, 2007 or such later
      dated as may be agreed to in writing by Wildcat and Ventana;

	 	 	 
	 	(t) 	
      “Ventana Shares” means the common shares in the capital
      of Ventana as constituted on the date of this Agreement;

	 	 	 
	 	(u) 	
      “Warrantholders’ Meeting” means the special meeting of
      Wildcat Warrantholders and any adjournment thereof to be held to consider
      and, if deemed advisable, approve the Wildcat Resolutions;

	 	 	 
	 	(v) 	
      “Wildcat Circular” means the notice of the Wildcat
      Meeting, the notice of the Warrantholders’ Meeting, and the accompanying
      management information circular, including all schedules thereto, to be
      sent to the Wildcat Shareholders and the Wildcat Warrantholders and others
      in connection with the Wildcat Meeting and the Warrantholders’ Meeting,
      together with any amendments or supplements thereto;

	 	 	 
	 	(w) 	
      “Wildcat Class A Common Shares” means the Class A common
      shares in the capital of Wildcat to be created pursuant to the Plan of
      Arrangement, and which will be issued to the Wildcat shareholders in
      exchange for Wildcat Shares;

	 	 	 
	 	(x) 	
      “Wildcat Meeting” means the annual and special general
      meeting of Wildcat Shareholders and any adjournment thereof to be held to
      consider and, if deemed advisable, approve the Wildcat
  Resolutions;

	 	 	 
	 	(y) 	
      “Wildcat Resolutions” means the special resolutions of
      the holders of Wildcat Shares and the holders of Wildcat Warrants
      approving the Plan of Arrangement as required by the Interim Order,
      attached hereto as Schedule B;

- 4 - 

	 	(z) 	
      “Wildcat Shareholders” means the registered holders of
      Wildcat Shares as of the Share Distribution Record Date;

	 	 	 
	 	(aa) 	
      “Wildcat Shares” means the common shares in the capital
      of Wildcat as constituted prior to the Effective Date, and after the
      Effective Date, it means Wildcat Class A Common Shares;

	 	 	 
	 	(bb) 	
      “Wildcat Warrants” means the issued and outstanding
      warrants to purchase Wildcat Shares at varying exercise prices and with
      varying expiry dates; and

	 	 	 
	 	(cc) 	
      “Wildcat Warrantholders” means the registered holders of
      Wildcat Warrants as of the Share Distribution Record
  Date.

	1.2 	Currency 

Except where otherwise specified, all sums of money which are
referred to in this Agreement are expressed in lawful money of Canada. 

	1.3 	Interpretation Not Affected by Headings,
      etc. 

The division of this Agreement into articles, sections,
paragraphs and subparagraphs and the insertion of headings are for convenience
of reference only and shall not affect the construction or interpretation of
this Agreement. The terms “the Agreement”, “hereof”, “herein”, “hereunder”, and
similar expressions refer to this Agreement and the schedules hereto and not to
any particular article, section or other portion hereof and include any
agreement, schedule or instrument supplementary or ancillary hereto. 

	1.4 	Number, etc. 

Unless the context otherwise requires, words importing the
singular number only shall include the plural and vice versa; words importing
the use of any gender shall include all genders; and words importing persons
shall include firms and corporations and vice versa. 

	1.5 	Date of any Action 

In the event that any date on which any action is required to
be taken hereunder by any of the parties is not a Business Day in the place
where the action is required to be taken, such action shall be required to be
taken on the next succeeding day which is a Business Day in such place. 

	1.6 	Currency 

Currency amounts are expressed in Canadian dollars. 

ARTICLE 2
THE ARRANGEMENT 

	2.1 	The Arrangement 

	 	(a) 	
      Ventana and Wildcat agree that the Arrangement shall be
      implemented in accordance with and subject to the terms and conditions
      contained in this Agreement and the Plan of
Arrangement.

- 5 - 

	 	(b) 	
      Wildcat will, as soon as reasonably practicable, but in
      any event not later than October 17, 2006 or such other date as is agreed
      to by the parties, apply to the Court pursuant to Section 291 of the
      Business Corporations Act for an Interim Order providing for, among other
      things, the calling and holding of the Wildcat Meeting for the purpose of
      considering and, if deemed advisable, approving the Arrangement.

	 	 	 
	 	(c) 	
      Wildcat will convene and use commercially reasonable
      efforts to hold the Wildcat Meeting and the Warrantholders’ Meeting in
      accordance with the Interim Order.

	 	 	 
	 	(d) 	
      If the Arrangement is approved at the Wildcat Meeting in
      accordance with the Interim Order, Wildcat will, as soon as reasonably
      practicable thereafter, apply to the Court for the Final Order.

	 	 	 
	 	(e) 	
      If the Final Order is obtained, subject to the
      satisfaction, waiver or release of the conditions set forth in Article 5
      (as confirmed by each party to the other in writing), Wildcat will, in
      consultation with Ventana and as soon as reasonably practicable
      thereafter, file with the Registrar any documentation required to be filed
      pursuant to section 292 of the Business Corporations Act.

	 	 	 
	 	(f) 	
      The Arrangement shall become effective on the Effective
      Date.

ARTICLE 3
REPRESENTATIONS AND WARRANTIES 

	3.1 	Mutual Representations and Warranties
  

Each party represents and warrants to the other party as
follows and acknowledges that the other party is relying upon such
representations and warranties in connection with entering into this Agreement:

	 	(a) 	
      it is duly incorporated and validly existing under the
      laws of its respective jurisdiction of incorporation and has the corporate
      power and capacity to own, lease and operate its properties and assets and
      to carry on its business as is now being carried on by it;

	 	 	 
	 	(b) 	
      it has the corporate power and authority to enter into
      and perform its obligations under this Agreement and to consummate the
      transactions contemplated herein and, in the case of Wildcat, in the Plan
      of Arrangement and this Agreement has been duly authorized, executed and
      delivered by it and constitutes a legal, valid and binding obligation of
      it enforceable in accordance with its terms, subject to bankruptcy,
      insolvency and other laws affecting the enforcement of creditors’ rights
      generally and the availability of equitable remedies;

	 	 	 
	 	(c) 	
      the execution, delivery and performance of this Agreement
      and the consummation of the transactions contemplated herein and in the
      Plan of Arrangement do not and will not (nor will they with the giving of
      notice or the lapse of time or both): (i) contravene, breach or result in
      any default under any Laws applicable to it, or any of its properties or
      assets (subject to compliance with any Laws contemplated by this
      Agreement); (ii) contravene, breach or result in any default under its
      constating documents or by-laws; (iii) contravene, breach or result in any
      default under or termination of, or accelerate or permit the acceleration
      of the performance required by, any material agreement,
  covenant,

- 6 - 

	 		
      undertaking, commitment, instrument, licence or permit to
      which it is a party or by which it is bound or to which the property or
      assets of it is subject; or (iv) result in the cancellation, suspension or
      material alteration in the terms of any material licence, permit or
      authority held by it or in the creation of any lien, charge, security
      interest or encumbrance upon any of its properties or assets;
and

	 	 	 
	 	(d) 	
      it is conducting its businesses in compliance, in all
      material respects, with all Laws of each jurisdiction in which its
      business is carried on and has obtained all licenses, approvals, permits
      and concessions necessary to carry on business as now being carried on by
      it.

	3.2 	Survival of Representations and
      Warranties 

The representations and warranties of each party hereto shall
survive the execution and delivery of this Agreement and shall continue in full
force and effect until the Effective Date. 

ARTICLE 4
COVENANTS 

	4.1 	Mutual Covenants 

Each party will do and perform all such acts and things and
execute and deliver all such agreements, assurances, notices and other documents
and instruments, as may reasonably be required to facilitate the carrying out of
the intent and purpose of this Agreement. 

	4.2 	Shareholders’ Meeting and Warrantholders’
      Meeting 

As soon as practicable but in any event not later than October
19, 2006, or such later date as may be agreed between Wildcat and Ventana,
Wildcat will prepare the Wildcat Circular, and subject to the issuance of the
Interim Order will convene the Wildcat Meeting and the Warrantholders’ Meeting
and mail the Wildcat Circular to its shareholders and warrantholders and other
parties in accordance with the Interim Order. The Wildcat Meeting and the
Warrantholders’ Meeting will be held on or before November 15, 2006, or such
later date as may be agreed between Wildcat and Ventana. Wildcat will file the
Wildcat Circular with the appropriate regulatory authorities in all
jurisdictions where the same is required, in accordance with applicable Laws and
the Interim Order. Wildcat will keep Ventana informed of any requests or
comments made by regulatory authorities in connection with the Wildcat
Circular. 

	4.3 	Final Order 

If the Wildcat Shareholders approve the Arrangement, Wildcat
will thereafter expeditiously (subject to the exercise of any discretionary
authority of its directors and to the satisfaction or waiver of all other
conditions under this Agreement and the Plan of Arrangement) apply to Court for
the Final Order and, subject to compliance with any other condition in Article
5, file any documentation required to be filed pursuant to section 292 of the
Business Corporations Act. 

	4.4 	Confidentiality 

All information provided by each of Wildcat and Ventana, in any
form whether written, electronic or verbal, as to financial condition, business,
properties, title, assets and affairs (including any material contracts) as may
reasonably be requested by the other party, including all information to be 

- 7 - 

included in the Wildcat Circular (the “Confidential
Information”), will be kept confidential by each party hereto, notwithstanding
the termination of this Agreement, other than information that: 

	 	(a) 	
      has become generally available to the public;

	 	 	 
	 	(b) 	
      was available to a party hereto or its representatives on
      a non-confidential basis before the date of this Agreement; or

	 	 	 
	 	(c) 	
      has become available to a party hereto or its
      representatives on a non-confidential basis from a person who is not, to
      the knowledge of such party or its representatives, otherwise bound by
      confidentiality obligations to the provider of such information or
      otherwise prohibited from transmitting the information to the party or its
      representatives.

No Confidential Information may be released to third parties
other than legal counsel and other advisors to the parties hereto without the
consent of the provider thereof, except that the parties hereto agree that they
will not unreasonably withhold such consent to the extent that such Confidential
Information is compelled to be released by legal process or must be released to
regulatory bodies and/or included in public documents. 

	4.5 	Fiduciary Duties 

Nothing contained in this Agreement will prohibit, enjoin or
otherwise restrict the board of directors of Wildcat or any director of Wildcat,
in the fulfilment of their fiduciary duties, from failing to give, qualifying or
otherwise amending any recommendation to be or previously given to Wildcat
Shareholders, as applicable, in connection with the Arrangement or the Plan of
Arrangement. 

	4.6 	Board Recommendation

Wildcat confirms that its board of directors has unanimously
approved this Agreement, the Arrangement and the Plan of Arrangement, has
determined that the Arrangement is fair to the Wildcat Shareholders, the Wildcat
Warrantholders and has resolved to unanimously recommend approval of the
Arrangement by the Wildcat Shareholders and the Wildcat Warrantholders. The
Wildcat Circular will set forth (among other things) the recommendation of the
board of directors of Wildcat as described above. 

	4.7 	Ventana Assumption of Liabilities
  

Ventana acknowledges and agrees that, upon completion of the
Plan of Arrangement, it will assume all of the obligations and liabilities of
Wildcat related to the subsidiaries of Ventana and the Colombian Interests, and
hereby indemnifies and holds harmless Wildcat for all claims, actions,
liabilities and costs arising or to which Wildcat may become subject after the
Effective Date and relating to Ventana, Ventana’s wholly-owned subsidiaries and
the Colombian Interests. 

- 8 - 

ARTICLE 5
CONDITIONS PRECEDENT 

	5.1 	Mutual Conditions Precedent
  

The respective obligations of the parties hereto to complete
the Arrangement are subject to the satisfaction of, or mutual waiver by the
parties on or before the Effective Date of each of the following conditions,
which are for the mutual benefit of Ventana and Wildcat and which may be waived,
in whole or in part, by Ventana or Wildcat, as applicable, at any time: 

	 	(a) 	
      the Interim Order shall have been obtained in form and
      substance satisfactory to each of the parties, acting
reasonably;

	 	 	 
	 	(b) 	
      the Plan of Arrangement, without amendment or with
      amendments acceptable to Ventana and Wildcat, acting reasonably, shall
      have been approved at the Wildcat Meeting as required by the Interim
      Order;

	 	 	 
	 	(c) 	
      the Wildcat Resolutions, without amendment or with
      amendments acceptable to Ventana and Wildcat, acting reasonably, shall
      have been approved at the Wildcat Meeting, as applicable;

	 	 	 
	 	(d) 	
      the Final Order shall have been obtained in form and
      substance satisfactory to each of the parties, acting
reasonably;

	 	 	 
	 	(e) 	
      all approvals and consents, regulatory or otherwise,
      which are required in connection with the consummation of the transactions
      contemplated in this Agreement and in the Plan of Arrangement shall have
      been obtained;

	 	 	 
	 	(f) 	
      the time period for the exercise of any right to dissent
      conferred upon the Wildcat Shareholders in respect of the Arrangement
      shall have expired and the Wildcat Shareholders shall not have exercised
      (and not abandoned) such right of dissent with respect to greater than 5%
      of the number of outstanding Wildcat Shares;

	 	 	 
	 	(g) 	
      no preliminary or permanent injunction, restraining
      order, cease trading order or order or decree of any domestic or foreign
      court, tribunal, governmental agency or other regulatory authority or
      administrative agency, board or commission, and no law, regulation,
      policy, directive or order shall have been enacted, promulgated, made,
      issued or applied to cease trade, enjoin, prohibit or impose material
      limitations on, the Arrangement or the transactions contemplated herein or
      in the Plan of Arrangement shall have been issued and remain in effect and
      no such action, proceeding or order shall, to the best of the knowledge of
      Ventana or Wildcat, be pending or threatened and, without limiting the
      generality of the foregoing, no Person shall have filed any notice of
      appeal of the Final Order, and no Person shall have communicated to
      Ventana or Wildcat (orally or in writing) any intention to appeal the
      Final Order which, in the reasonable opinion of Ventana or Wildcat (on the
      advice of legal counsel), would make it inadvisable to proceed with the
      implementation of the Arrangement;

	 	 	 
	 	(h) 	
      there shall not exist any prohibition at law against the
      completion of the Arrangement;

	 	 	 
	 	(i) 	
      the Wildcat Shares shall have been approved for listing
      on the Exchange, and the Ventana Shares shall have been approved for
      listing on the CNQ or the Exchange; and

- 9 - 

	 	(j) 	
      this Agreement shall not have been terminated pursuant to
      Article 6.

ARTICLE 6
TERMINATION OF AGREEMENT 

	6.1 	Termination by Ventana or Wildcat
  

     Subject to Section 6.2, this
Agreement may at any time before or after the holding of the Wildcat Meeting,
and before or after the granting of the Final Order, but in each case prior to
the Effective Date, be terminated by direction of the board of directors of
Wildcat without further action on the part of Wildcat Shareholders, or by the
board of directors of Ventana, and nothing expressed or implied herein or in the
Plan of Arrangement will be construed as fettering the absolute discretion of
the board of directors of Wildcat or Ventana to terminate this Agreement and
discontinue efforts to effect the Arrangement for whatever reasons it may
consider appropriate. 

	6.2 	Cessation of Right 

     The right of Wildcat or Ventana
or any other party to amend or terminate the Plan of Arrangement pursuant to
Section 6.1 will be extinguished on the Effective Date. 

	6.3 	Termination Date 

     If the Effective Date does not
occur on or prior to the Termination Date, then this Agreement shall
terminate. 

ARTICLE 7
GENERAL 

	7.1 	Notices 

All notices and other communications hereunder shall be in
writing and shall be delivered by hand to the parties at the following addresses
or sent by telecopy at the following numbers or at such other addresses or
telecopier numbers as shall be specified by the parties by like notice: 

	 	(a) 	
      if to Wildcat:

	 	 	 
	 		
      Wildcat Silver Corporation 

	 	 	#400 – 837 West Hastings Street 
	 	 	Vancouver, British Columbia 
	 	 	V6C 3N6
	 	 	 
	 		
      Attention: President 

	 	 	Facsimile No.: (604) 687-1715

- 10 - 

	 	(b) 	
      and if to Ventana:

	 	 	 
	 		
      Ventana Gold Corp.

	 	 	#400 – 837 West Hastings Street 
	 		
      Vancouver, British Columbia 

	 	 	V6C 3N6
	 	 	 
	 		
      Attention: President 

	 	 	Facsimile No.: (604) 687-1715
	 	 	 
	 		
      in each case, with a copy to:

	 	 	 
	 		
      McCullough O’Connor Irwin LLP   

	 	 	1100 – 888 Dunsmuir Street
	 	 	Vancouver, British Columbia
	 	 	V6C 3K4
	 	 	 
	 		
      Attention: Jonathan McCullough 

	 	 	Facsimile No.: 604-687-7099

The date of receipt of any such notice shall be deemed to be
the date of delivery thereof or, in the case of notice sent by telecopy, the
date of successful transmission thereof (unless transmission is received after
business hours, in which case the date of receipt shall be deemed to be the next
Business Day in the place of receipt). 

	7.2 	Fees and Expenses 

Each party will be responsible for and bear all of its own
fees, costs and expenses incurred at any time in connection with entering into
this Agreement and consummating the transactions contemplated herein and in the
Plan of Arrangement. 

	7.3 	Successors and Assigns

This Agreement and all the provisions hereof shall be binding
upon and enure to the benefit of the parties hereto and their respective
successors and permitted assigns. Neither party may assign its rights or
obligations under this Agreement or the Arrangement without the prior written
consent of the other party. 

	7.4 	Time of Essence 

Time is of the essence of this Agreement and of each of its
provisions. 

	7.5 	Governing Law 

This Agreement is governed by and construed in accordance with
the laws of British Columbia. 

	7.6 	Entire Agreement 

This Agreement constitutes the entire agreement between the
parties hereto pertaining to the subject matter hereof and supersedes all prior
agreements, understandings, negotiations and discussions, whether oral or
written, between the parties hereto with respect to the subject matter
hereof.

- 11 - 

There are no representations, warranties, covenants or
conditions with respect to the subject matter hereof except as contained herein.

	7.7 	Further Assurances 

Each party shall make, do and execute, or cause to be made,
done and executed all such further acts, deeds, agreements, transfers,
assurances, instruments or documents as may be reasonably required in order to
implement this Agreement, the transactions contemplated herein and in the Plan
of Arrangement. 

	7.8 	Amendment or Waiver 

Subject to any requirements imposed by law or by the Court,
this Agreement may be supplemented or amended, and any of the terms, covenants,
representations, warranties or conditions hereof may be waived, but only by
written document executed by both parties; provided, however, that the terms of
this Agreement may not be supplemented or amended, or any of the provisions
waived, in a manner materially prejudicial to the holders of Wildcat Shares
without their approval at the Wildcat Meeting, as applicable, or, following the
Wildcat Meeting, without their approval given in the same manner as required by
law for the approval of the Arrangement or the Transaction, as applicable and,
as may be required by the Court. No waiver of any nature, in any one or more
instances, shall be deemed or construed as a further or continued waiver of any
condition or breach of any other term, representation or warranty in this
Agreement. Notwithstanding the foregoing, the Plan of Arrangement may only be
supplemented or amended in accordance with the provisions thereof. 

	7.9 	Counterparts 

This Agreement may be executed in counterparts, each of which
shall be deemed an original and both of which together shall constitute one and
the same instrument. 

IN WITNESS WHEREOF this Agreement has been executed by
the parties hereto. 

	WILDCAT SILVER CORPORATION 	 	VENTANA GOLD CORP. 
	  	 	  
	  	 	  
	By:      /s/
      Donald Clark	 	By:    
      /s/ Donald Clark 
	               
         Authorized Signatory 	 	           
             Authorized Signatory 

SCHEDULE A 

To the Arrangement Agreement dated as of October 16,
2006
between Wildcat Silver Corporation and
Ventana Gold Corp.

PLAN OF ARRANGEMENT UNDER
SECTIONS 288 TO 299 OF
THE BUSINESS CORPORATIONS ACT (BRITISH COLUMBIA) 

ARTICLE 1
INTERPRETATION 

	1.1 	Definitions 

In this Plan of Arrangement: 

	 	(a) 	
      “Arrangement” means an arrangement under Sections 288 to
      299 of the Business Corporations Act on the terms and conditions set forth
      in this Plan of Arrangement and any amendment or variation thereto made in
      accordance with the terms of the Arrangement Agreement;

	 	 	 
	 	(b) 	
      “Arrangement Agreement” means the arrangement agreement
      dated as of October 16, 2006 between Ventana and Wildcat to which this
      Plan of Arrangement is attached as Schedule A, as the same may be amended
      from time to time;

	 	 	 
	 	(c) 	
      “Business Corporations Act” means the Business
      Corporations Act, S.B.C. 2002, c. 57, as amended;

	 	 	 
	 	(d) 	
      “Business Day” means any day which is not a Saturday,
      Sunday or a day on which banks are not open for business in the relevant
      place;

	 	 	 
	 	(e) 	
      “CNQ” means the Canadian Trading and Quotation System
      Inc.;

	 	 	 
	 	(f) 	
      “Court” means the Supreme Court of British
    Columbia;

	 	 	 
	 	(g) 	
      “Dissenting Wildcat Shareholder” means a Wildcat
      Shareholder who duly exercises its Dissent Rights;

	 	 	 
	 	(h) 	
      “Dissent Rights” means the rights of dissent in respect
      of the Arrangement under the Business Corporations Act, as described in
      Article 4;

	 	 	 
	 	(i) 	
      “Effective Date” means the date on which the last of all
      necessary documents to effect the Plan of Arrangement have been filed with
      the Registrar;

	 	 	 
	 	(j) 	
      “Exchange” means the Toronto Stock Exchange or the TSX
      Venture Exchange;

	 	 	 
	 	(k) 	
      “Final Order” means the final order of the Court made in
      connection with the approval of the Arrangement and the fairness of the
      terms and conditions thereof following the application therefor
      contemplated by Section 2.1 of the Arrangement
Agreement;

- 2 - 

	 	(l) 	
      “Interim Order” means the interim order of the Court
      providing for, among other things, the calling and holding of the Wildcat
      Meeting and the Warrantholders’ Meeting following the application therefor
      contemplated by Section 2.1 of the Arrangement Agreement, as the same may
      be amended, supplemented or varied by the Court;

	 	 	 
	 	(m) 	
      “Notice of Dissent” means a notice given in respect of
      the Dissent Rights as contemplated in the Interim Order and as described
      in Article 4;

	 	 	 
	 	(n) 	
      “Plan of Arrangement” means this plan of arrangement,
      proposed under Sections 288 to 299 of the Business Corporations Act, as
      amended and supplemented from time to time in accordance herewith and any
      order of the Court;

	 	 	 
	 	(o) 	
      “Registrar” means the Registrar of Companies appointed
      under Section 400 of the Business Corporations Act;

	 	 	 
	 	(p) 	
      “Share Distribution Record Date” means the date
      established by Wildcat for the purpose of determining the Wildcat
      Shareholders entitled to receive Wildcat Class A Common Shares and Ventana
      Shares under the Arrangement and the Wildcat Warrantholders eligible to
      participate in the Arrangement;

	 	 	 
	 	(q) 	
      “Transfer Agent” means Computershare Investor Services
      Inc., Wildcat’s registrar and transfer agent;

	 	 	 
	 	(r) 	
      “Ventana” means Ventana Gold Corp., a company
      incorporated under the laws of British Columbia;

	 	 	 
	 	(s) 	
      “Ventana Shares” means the common shares without par
      value in the capital of Ventana as constituted on the date of the
      Arrangement Agreement;

	 	 	 
	 	(t) 	
      “Wildcat” means Wildcat Silver Corporation, a company
      incorporated under the laws of British Columbia;

	 	 	 
	 	(u) 	
      “Wildcat Circular” means the notice of the Wildcat
      Meeting, the notice of Warrantholders’ Meeting and the accompanying
      management information circular, including all schedules thereto, to be
      sent to the Wildcat Shareholders, the Wildcat Warrantholders and others in
      connection with the Wildcat Meeting and the Warrantholders’ Meeting,
      together with any amendments or supplements thereto;

	 	 	 
	 	(v) 	
      “Wildcat Class A Special Warrants” means 3,000,000 Class
      A special warrants of Wildcat issued to Messrs. Jon Lehmann and Allen
      Ambrose;

	 	 	 
	 	(w) 	
      “Wildcat Class A Common Shares” means the Class A common
      shares in the capital of Wildcat to be created pursuant to the Plan of
      Arrangement, and which will be issued to the Wildcat shareholders in
      exchange for Wildcat Shares;

	 	 	 
	 	(x) 	
      “Wildcat Meeting” means the annual and special general
      meeting of Wildcat Shareholders and any adjournment thereof to be held to
      consider and, if deemed advisable, approve the Arrangement and related
      matters;

	 	 	 
	 	(y) 	
      “Wildcat Shareholders” means the registered holders of
      Wildcat Shares as of the Share Distribution Record
Date;

- 3 - 

	 	(z) 	
      “Wildcat Shares” means the common shares in the capital
      of Wildcat as constituted prior to the Effective Date, and after the
      Effective Date, it means Wildcat Class A Common Shares;

	 	 	 
	 	(aa) 	
      “Wildcat Warrants” means the issued and outstanding
      warrants to purchase Wildcat Shares at varying prices and with varying
      expiry dates; and

	 	 	 
	 	(bb) 	
      “Wildcat Warrantholders” means the registered holders of
      Wildcat Warrants as of the Share Distribution Record
  Date.

	1.2 	Headings and References

The division of this Plan of Arrangement into Articles and
sections and the insertion of headings are for convenience of reference only and
do not affect the construction or interpretation of this Plan of Arrangement.
Unless otherwise specified, references to sections are to sections of this Plan
of Arrangement. 

	1.3 	Number, etc. 

Unless the context otherwise requires, words importing the
singular number only shall include the plural and vice versa; words importing
the use of any gender shall include all genders; and words importing persons
shall include firms and corporations and vice versa. 

	1.4 	Date of Any Action 

In the event that any date on which any action is required to
be taken hereunder by any of the parties is not a Business Day in the place
where the action is required to be taken, such action shall be required to be
taken on the next succeeding day which is a Business Day in such place. 

	1.5 	Meaning 

     Words and phrases not otherwise
defined herein and defined in the Business Corporations Act will have the same
meaning herein as in the Business Corporations Act, unless the context otherwise
requires. 

	1.6 	Currency 

Currency amounts are expressed in Canadian dollars. 

ARTICLE 2
ARRANGEMENT AGREEMENT 

	2.1 	Arrangement Agreement

This Plan of Arrangement is made pursuant to, is subject to the
provisions of, and forms part of the Arrangement Agreement. 

- 4 - 

ARTICLE 3
THE ARRANGEMENT 

	3.1 	The Arrangement 

On the Effective Date, subject to the provisions of Article 4,
the following shall occur and shall be deemed to occur without any further
authorization, act or formality: 

	 	(a) 	
      Wildcat will contribute to the share capital of Ventana
      through conversion to equity of a minimum of $3,100,000 of debt
      representing advances from Wildcat to Ventana, plus a percentage of the
      net proceeds of any equity financing completed by Wildcat between the date
      of the Arrangement Agreement and the Effective Date equal to (i) 10% if
      the net proceeds are less than or equal to $10,000,000; (ii) 20% if the
      net proceeds are greater than $10,000,000 but less than or equal to
      $13,000,000; or (iii) 30% if the net proceeds exceed $13,000,000, in
      consideration for the issuance by Ventana to Wildcat of that number of
      Ventana Shares so that Wildcat owns a number of Ventana Shares equal to
      the number of issued and outstanding Wildcat Shares on the Share
      Distribution Record Date;

	 	 	 	 
	 	(b) 	
      Wildcat’s authorized share structure, its Notice of
      Articles and Articles will be altered by:

	 	 	 	 
	 		(i) 	
      creating an unlimited number of Class A common shares
      (the “Wildcat Class A Common Shares”); and

	 	 	 	 
	 		(ii) 	
      creating and attaching to the Wildcat Shares and the
      Wildcat Class A Common Shares the special rights and restrictions which
      will be contained in Part 28 of the Articles;

	 	 	 	 
	 	(c) 	
      each of the issued Wildcat Shares (except Wildcat Shares
      held by Dissenting Wildcat Shareholders) will be and be deemed to be
      exchanged for one Wildcat Class A Common Share and one Ventana Share, and
      the Wildcat Shares will be cancelled and will form part of the authorized
      but unissued share capital of Wildcat and no Wildcat Shares will remain
      outstanding;

	 	 	 	 
	 	(d) 	
      Wildcat’s authorized share structure, its Notice of
      Articles and Articles will be altered by:

	 	 	 	 
	 		(i) 	
      reducing the authorized capital by eliminating the
      authorized and unissued Wildcat Shares;

	 	 	 	 
	 		(ii) 	
      deleting the special rights and restrictions attached to
      the Wildcat Shares and Wildcat Class A Common Shares and by deleting Part
      28 of the Articles of Wildcat in its entirety; and

	 	 	 	 
	 		(iii) 	
      altering the identifying name of all of the Wildcat Class
      A Common Shares to be common shares; and

	 	 	 	 
	 	(e) 	
      each Wildcat Class A Special Warrant will be and will be
      deemed to be exchanged for a Ventana Share, and the holder will receive
      one Ventana Share for each Wildcat Class A Special Warrant
  held.

- 5 - 

In addition to the foregoing, on the Effective Date, subject to
the approval of the Arrangement by the Wildcat Warrantholders having been
obtained at the Warrantholders’ Meeting, the following shall occur and shall be
deemed to occur without any further authorization, act or formality: 

	 	(f) 	
      each Wildcat Warrant, to the extent it has not been
      exercised as of the Share Distribution Record Date, will be and will be
      deemed to be amended, such that on exercise of such Wildcat Warrant, the
      holder thereof will be entitled to receive one Wildcat Class A Common
      Share and one Ventana Share, for the original exercise price of such
      Wildcat Warrant.

	3.2 	Share Certificates 

The new Wildcat Class A Common Shares to be issued pursuant to
section 3.1(c) will be evidenced by the existing share certificates representing
the Wildcat Shares, and no share certificates representing such Wildcat Class A
Common Shares will be issued to the Wildcat Shareholders. 

ARTICLE 4
RIGHTS OF DISSENT 

	4.1 	Grant of Rights of Dissent

Wildcat Shareholders registered as such on the record date of
the Wildcat Meeting may exercise rights of dissent pursuant to and in the manner
set forth subsection 238(d) of the Business Corporations Act, provided that the
Notice of Dissent duly executed by such Wildcat Shareholder is received by
Wildcat’s registered and records office 48 hours in advance of the time of the
Wildcat Meeting. Dissenting Wildcat Shareholders who are ultimately entitled to
be paid fair value for their Wildcat Shares shall be deemed to have transferred
their Wildcat Shares to Wildcat for cancellation immediately prior to the
Effective Date and in no case shall Wildcat be required to recognize such
Persons as holding Wildcat Shares at and after the Effective Date, and the names
of such Wildcat Shareholders shall be removed from Wildcat’s register of
shareholders as of the Effective Date. 

	4.2 	Failure to Properly Exercise Dissent
      Rights 

Wildcat Shareholders who do not duly exercise their Dissent
Rights are not entitled to be paid fair value for their Wildcat Shares, shall be
deemed to have participated in the Arrangement on the same basis as a Wildcat
Shareholder who is not a Dissenting Wildcat Shareholder, and shall be entitled
to receive Wildcat Class A Common Shares and Ventana Shares as provided in
Section 3.1 of this Plan of Arrangement. 

ARTICLE 5
DISTRIBUTION OF SHARES 

	5.1 	Distribution of Ventana Share
      Certificates 

     As soon as practicable following
the Effective Date, Wildcat and Ventana will cause to be delivered to the
Transfer Agent, to be delivered to the Wildcat Shareholders as of the Share
Distribution Record Date in accordance with the terms hereof, share certificates
representing the aggregate Ventana Shares to which such Wildcat Shareholders are
entitled following the Arrangement. 

- 6 - 

	5.2 	Illegality of Delivery of Wildcat Class A
      Common Shares and Ventana Shares 

Notwithstanding the foregoing, if it appears to Wildcat that it
would be contrary to applicable law to issue or transfer Wildcat Class A Common
Shares or Ventana Shares pursuant to the Arrangement to a person that is not a
resident of Canada, the Wildcat Class A Common Shares and Ventana Shares that
otherwise would be issued or transferred, as the case may be, to that person
will be issued or transferred, as the case may be, and delivered to the Transfer
Agent for sale of the Wildcat Class A Common Shares and Ventana Shares by the
Transfer Agent on behalf of that person. The Wildcat Class A Common Shares and
Ventana Shares delivered to the Transfer Agent will be pooled and sold as soon
as practicable after the Effective Date, on such dates and at such prices as the
Transfer Agent determines in its sole discretion. The Transfer Agent shall not
be obligated to seek or obtain a minimum price for any of the Wildcat Class A
Common Shares and Ventana Shares sold by it. Each such person will receive a pro
rata share of the cash proceeds from the sale of the Wildcat Class A Common
Shares and Ventana Shares sold by the Transfer Agent (less commissions, other
reasonable expenses incurred in connection with the sale of the Wildcat Class A
Common Shares and Ventana Shares and any amount withheld in respect of Canadian
or other taxes) in lieu of the Wildcat Class A Common Shares and Ventana Shares.
None of Wildcat, Ventana or the Transfer Agent will be liable for any loss
arising out of any such sales. 

ARTICLE 6
MISCELLANEOUS PROVISIONS 

	6.1 	Amendment of the Plan of Arrangement
  

Ventana and Wildcat may jointly amend or supplement this Plan
of Arrangement at any time and from time to time provided that such amendment or
supplement must be contained in a written document which is filed with the Court
and, if made following the Wildcat Meeting, approved by the Court and
communicated to the Wildcat Shareholders in the manner, if any, required by the
Court. Any amendment or supplement to this Plan of Arrangement may be proposed
by Ventana and Wildcat, jointly, at any time prior to the Wildcat Meeting with
or without any prior notice or communication and, if so proposed and accepted by
the persons voting at the Wildcat Meeting, shall become part of this Plan of
Arrangement for all purposes. 

	6.2 	Arrangement Effectiveness

     The Arrangement will become final
and conclusively binding on the Wildcat Shareholders and Wildcat on the
Effective Date. 

	6.3 	Supplementary Actions

     Notwithstanding that the
transactions and events set out in Section 3.1 will occur and will be deemed to
occur in the chronological order therein set out without any act or formality,
Wildcat and Ventana will each make, do, execute and deliver, or cause and
procure to be made, done, executed and delivered all such further acts, deeds,
agreements, transfers, assurances, instruments or documents as may be required
to give effect to this Plan of Arrangement, including, without limitation, any
resolution of directors authorizing the issue or transfer of shares, any share
transfer powers evidencing the transfer of shares and any receipt therefor, any
necessary additions to or deletions from share registers. 

SCHEDULE B 

To the Arrangement Agreement dated as of October 16,
2006
between Wildcat Silver Corporation and
Ventana Gold Corp. 

Wildcat Resolutions 

IT IS RESOLVED AS A SPECIAL RESOLUTION THAT: 

	1. 	
      The arrangement agreement (the “Arrangement Agreement”)
      dated as of October 16, 2006 between Ventana Gold Corp. (“Ventana”) and
      Wildcat Silver Corporation (“Wildcat”) with such amendments or variations
      thereto made in accordance with the terms of the Arrangement Agreement, is
      hereby ratified, authorized and approved.

	 	 
	2. 	
      The arrangement (“Arrangement”) under sections 288 to 299
      of the Business Corporations Act (British Columbia), substantially
      as set forth in the Plan of Arrangement attached as Schedule A to the
      Arrangement Agreement, and all transactions contemplated thereby, be and
      are hereby ratified, authorized and approved.

	 	 
	3. 	
      The alterations made to Wildcat’s articles shall not take
      effect until Wildcat’s notice of articles has been altered to reflect the
      alterations made to the articles of Wildcat. Subject to the deposit at
      Wildcat’s records office of this resolution, the solicitors of Wildcat are
      authorized and directed to electronically file the Notice of Alteration
      with the Registrar of Companies.

	 	 
	4. 	
      Notwithstanding that this resolution has been duly passed
      and/or has received the approval of the Supreme Court of British Columbia,
      the board of directors of Wildcat may, without further notice to or
      approval of the holders of Wildcat securities or other interested or
      affected parties, subject to the terms of the Arrangement, amend or
      terminate the Arrangement Agreement or the Plan of Arrangement or revoke
      this resolution at any time prior to the Effective Date of the
      Arrangement.

	 	 
	5. 	
      Any director or officer of Wildcat is hereby authorized,
      for and on behalf of Wildcat, to execute, with or without the corporate
      seal, and, if appropriate, deliver all other documents and instruments and
      to do all other things as in the opinion of such director or officer may
      be necessary or desirable to implement this resolution and the matters
      authorized hereby, such determination to be conclusively evidenced by the
      execution and delivery of any such document or instrument and the taking
      of any such action.

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