TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation pertaining to an Option Agreement between Cache Exploration Inc. (the "Company") and BullRun Investments Inc. (the "Vendor"), whereby the Company has the option to earn an 80% interest in the Welsford REE Property in New Brunswick. In consideration, the Company will pay the Vendor $63,500 immediately upon signing, expend a total of $1,550,000 in exploration funding on the Property during the first five years of the Agreement, and pay the Vendor $250,000 at the expiration of the fifth year of the term of the Agreement. After exercise of the option, the Company has also agreed to pay the Vendor annual advance royalty payments until delivery of a feasibility study.

The Company will pay a finder's fee of 50,000 shares to Dehradun Financial Inc (Rajinder Deol).

The Property is subject to a 2% NSR, 1% of which can be purchased by the Company for $1,000,000.