November 5, 2010 – Vancouver, British Columbia – Cache Exploration Inc. (TSXV: CAY) is pleased to announce that further to the November 1, 2010 news release, Cache has closed a private placement of $850,000. Cache has issued 2,428,571 flow-through units at a price of $0.35 per unit. Each flow-through unit consisted of one flow-through common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one non-flow-through common share of the Company for twenty four months from November 5, 2010, the closing date, at a price of $0.40 per share. The securities issued in connection with this private placement have a hold period of four months from the date of issuance, which expires on March 6, 2011. The Company has 15,056,821 common shares issued and outstanding after the close of this financing and prior to the issue of any warrant shares from this financing.

The Company has paid cash finder’s fees of $64,000 not subject to H.S.T.

The funds will be used for further exploration of the Company’s properties in New Brunswick, Newfoundland, and British Columbia.

Cache Exploration Inc. is an exploration company with a focus on exploring for REE deposits. The Company is currently diamond drilling at the Long Lake Property in New Brunswick and intends to commence a subsequent diamond drilling program in 2010 at the Welsford REE Properties in New Brunswick. In addition to the Welsford REE Properties and the Long Lake Property, the Company has the Bluff Lake Property in British Columbia, the Louil Hills REE Property in Newfoundland and the Cross Hills REE Property in Newfoundland (located adjacent to the Rockbridge Resources Inc. REE Property). All Cache REE properties have proximity to available infrastructure and are considered to have excellent potential for rare earth mineralization.
Additional information concerning Cache Exploration Inc. is contained in documents filed by Cache Exploration with securities regulators, available under the Company's profile on SEDAR 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 .

Neither The TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.