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VANCOUVER, BC (MARCH 8, 2010) – Cache Exploration Inc (TSX-V: CAY) (“Cache Exploration” or the “Company”) announced the business terms on March 5, 2010 under which two option agreements to earn a majority interest in three rare-earth element prospective properties were completed. Subject to regulatory approval, finder’s fees of 50,000 common shares of Cache are due to Dehradun Financial Inc. under the Welsford Option Agreement and finder’s fees of 50,000 common shares of Cache are due to Taurus Management under the Cross Hills and Louill Hills Option Agreement.

WELSFORD RARE EARTH PROPERTY

The Welsford Intrusive Complex is located in southern New Brunswick, 20km north of Saint John. Historic geological mapping and sampling (Uranernz Exploration for Uranium 1980), with later trenching and drilling has revealed significant Zr-Nb-Y-REE mineralization hosted within peralkalic pegmatite-aplite dyke swarms that intrude the Welsford alkaline granite. Petrogeochemical studies (Seidler et al., 2005) have verified up to 18,500 ppm Zr, 1,710 ppm Nb, 1,713 ppm Y, 153 ppm U, 446 ppm Th, 1,268 ppm Ce, and 198 ppm Yb in these dykes, which are concentrations comparable to those found in the richest heavy REE deposits in the world. In the fall of 2009, Prof. David Lentz, Economic Geology Chair at the University of New Brunswick, coordinated and oversaw the surficial sampling and analytical program over the entire property. The results of this B horizon soil program resulted in highly anomalous values for Lanthanum (La), Cerium (Ce) and Neodymium (Nd), followed by Samarium (Sm),
Europium (Eu), Terbium (Tb), Ytterbium and Tantalum.

CROSS HILLS RARE EARTH PROPERTY

The Cross Hills REE Property is located northwest of the Town of Grand Le Pierre, Newfoundland where numerous Zr-Nb-Y(-REE) occurrences can be found within the peralkaline granite and adjacent host rocks. The property is intersected by the English Harbour Road (Route 211) and has hydro and other infrastructure in close proximity. Samples collected in the area by Tuach Geological Consultants Inc revealed 6,328 g/t Zr and 316 g/t Nb, which is indicative of significant rare earth potential in the area. The most significant mineralization within the Cross Hills Plutonic Suite is the Barks Pond showing, revealing 19,208 g/t Zr, 2,968 g/t Y, 1,860 g/t Nb, 1,550 g/t Ce, 725 g/t Th, and 90 g/t Sn, hosted within small aplite dyklets and related veins that cut the peralkaline granite.

These analytical values, associated mineralogy, and peralkalic affinity are similar to those of other very significant REE-Y deposits like Thor Lake (NWT) and Strange Lake (QC-Labrador). Rockbridge Energy (V.RBE) is also exploring rare earth prospective property contiguous to the Cross Hills Rare Earth Property.

LOUILL HILLS RARE EARTH PROPERTY:

The Louill Hills Property is located on an eastern extremity near Musgravetown, Newfoundland with Bunyan’s cove to the west, and Clarenville (a seaport), 30km to the south. Access to the property is via Route 233, a paved road, which crosses the property and other logging roads and trails are available for access throughout the claim block. The property has yielded samples with up to 570 ppm Y and 490 ppm Nb (Miller, 1989), making it a highly favourable exploration target, relative to other REE targets in Newfoundland. Cornerstone Resources (1998) have sampled the peralkalic felsic
volcanics along the shoreline, to the SW of Cache Exploration claims, and have revealed 4,060 ppm Zr, 936 ppm Nb, and 312 ppm Y. Extensive hematitic staining of the peralkalic rocks is associated with higher radioactivity (300-400 cps), reflecting significant Zr-Nb-Y mineralization in the region. Copper occurrences lie on the eastern portion of the Louill Hills Property, where historic sampling has shown very significant sulfide mineralization, e.g., assays with up to 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag; alkalic gold-rich porphyry copper deposits with high REE are not uncommon.

ADDITIONAL INFORMATION

Cache Exploration is a well funded company with a focus on exploring for Rare Earth Element deposits. The company presently has three advanced projects in New Brunswick and Newfoundland, all exhibiting excellent potential for rare earth mineralization and proximity to available infrastructure. Prof. David Lentz, P.Geo. is a Qualified Person as described in National Instrument 43-101 and is responsible for the technical information contained in this news release.

PDAC

THE COMPANY’S MANAGEMENT WILL BE AVAILABLE AT THE PDAC INVESTOR’S EXCHANGE BOOTH # 3322 ON WEDNESDAY, MARCH 10, 2010 FROM 9:00 AM UNTIL NOON.

On Wednesday March 10, 2010, Professor David Lentz, Economic Geology Chair at the University of New Brunswick (Director of Cache) and Dr. Tony Mariano, a Consultant from Carlisle, USA will be presenting “Ranking and evaluating light to heavy rare earth deposits worldwide; Exploration considerations to economic development” at a PDAC Technical Session on Industrial and Rare Metals with Chairs Don Hains, Hains Engineering Co. Ltd., Toronto & Tassos Grammatikopoulos, SGS Mineral Services, Lakefield, Canada in session room 713 from 9:10 am to 9:35 am.

Additional information concerning Cache Exploration is contained in documents filed by Cache Exploration with securities regulators, available under the company's profile at www.sedar.com.

CACHE EXPLORATION INC
Thomas Kennedy – Chief Executive Officer
Suite 804 - 750 West Pender Street
Vancouver, BC V6C 2T8
604-682-2928

FORWARD-LOOKING STATEMENTS
_{Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate” or “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, we have made numerous assumptions. Forward-looking statements and information include statements regarding our planned exploration expenditures, and are subject to forward-looking risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include mineral price volatility, changes in equity markets, increases in costs and other risks involved in the rare-earth element exploration industry. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.}

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