VANCOUVER, BC (October 21, 2010) – Mr. Tom Kennedy, the CEO of Cache Exploration Inc. (TSX-V: CAY), is pleased to announce that the Company has received a 28 page work program report dated October 17, 2010 titled “Outer Welsford’s Phase II Final Report on Geochemical Stream Sediment & Heavy Mineral Sampling” , prepared by Alexander J.D. Smith and Professor David Lentz, Ph.D., P.Geo. Dr. David Lentz, P.Geo. is a qualified person as defined in National Instrument 43-101 and is responsible for the technical information contained in this news release.

The report summary is as follows:
“Geochemical stream sediment and heavy mineral sampling was conducted for about 2.5 weeks from mid May to early June, 2010 by a two-person sampling team. Some 11 separate stream drainages were sampled across the northeast-southwest extent of the Outer Welsford mineral claim block (with the drainages numbered 1 to 11 for reference purposes from southwest to northeast) covering the peralkalic Welsford Intrusive Complex that is known to locally host HREE-Y mineralization. During this period, a total of 59 stream sediment and panned heavy mineral concentrates were collected. The samples, plus CANMET standards, were submitted to ACTLABS, Ancaster, Ontario for Code 1D-enhanced Instrumental Neutron Activation Analysis (INAA). The total light rare earth (LREE, which includes La, Ce, Nd, Sm, & Eu) and heavy rare earth (HREE, which includes Tb, Yb, & Lu) elements range up to 441.3 parts per million (ppm) and 17.8 ppm, respectively. The LREE maximum LREE results are about 2.4 times the average crustal abundance for LREE, and the HREE maximum results are about 6.7 times the average crustal abundance for HREE. Furthermore, the stream sampling results show elevated total rare earth elements (TREE) or HREE in 5 different stream drainages (specifically streams #1, 2, 9c, 10 and 11). One of the elevated HREE results is towards the western end of the Outer Welsford property, and shows higher total HREE concentrations than those associated with the known McKeel Lake Y-HREE-enriched aplitic dykes that outcrop near the northeastern end of the property. In short, the stream sampling results are sufficiently encouraging such that further exploration is warranted, particularly in the selected drainages.

Recommendations for further work include: (a) on receipt of the 2010 Phase III geochemical soil sampling results, and also using the 2009 geochemical soil sample results, assess what portions of the #1, 5, 9, 10 & 11 drainages are potentially more elevated in underlying REE-enriched rocks, and then (b) during spring or summer 2011, conduct systematic radiometric prospecting in the indentified anomalous locales to search for Y-REE-bearing aplitic dykes or other phase of the Welsford Intrusive Complex that are or may be REE (especially HREE) enriched.”

The entire report may be viewed using the link attached to this news release. [ Click Here to View Report ]

These positive indications of rare earth elements in the Welsford Intrusive Complex resulted in the Company doubling the size of our Welsford REE Properties claims from 131 to 262 claims in September 2010 (news release September 23, 2010).

In addition to the new claims being added, the Company reported that new outcrops and several boulders were found with significant potential, based on their relative scintillometer readings. These new areas were sampled and are awaiting results of the analytical data from ACTLABS.

Dr. S. Watters, P. Geo. has completed a compilation of the Inner Welsford claims information, has relogged two existing drill holes, and has sampled parts of the existing drill core archived at the NB DNR-minerals core facility in Sussex NB. Thirty five samples were split by diamond saw from these archived drill core and sent for INAA and fusion ICP-MS analysis at ACTLABS in late August. These included numerous dykes not previously analysed during the initial drill core examination, so will represent additional information on these two diamond drill holes. As part of that re-examination of those drill holes, Dr. S. Watter's has built a drill hole cross section that will help future drill targetting for the source of these dykes.

Field work on the Inner Claims has been used to identify specific drill targets using the detailed geological compilation, radiometric analysis of the area, and the detailed soil sampling results from this summers soil sampling and radiometric program.

The Company is currently issuing required notices to surface rights owners as part of the drill permitting process. A diamond drill program is scheduled to commence later this year.

Additional Information
Cache Exploration is an exploration company with a focus on exploring for REE deposits. In addition to the expanded Welsford Properties, the Company has the Louil Hills REE Property in Newfoundland and the Cross Hills REE Property in Newfoundland which is adjacent to the Rockbridge Resources Inc. REE Property. All four Cache REE properties have proximity to available infrastructure and are considered to have excellent potential for rare earth mineralization.

Additional information concerning Cache Exploration is available at www.sedar.com and on the Cache website at www.cacheexploration.com. For additional information please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

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