| Cache Exploration Drilling Update on Long Lake Property |
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Toronto, Ontario (November 17, 2010) – Mr. George A. Brown, President of Cache Exploration Inc. (TSX-V: CAY) is pleased to provide an update on the drill program at the 160 claim Long Lake Polymetallic Property under option in northern New Brunswick (June 28, 2010 news release). Arthur Hamilton, 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. The Company has signed a drill contract with Vic Progressive Diamond Drilling Inc. of Sussex, New Brunswick and a diamond drill was mobilized to the property on October 14, 2010. Intrusion-related breccia and/or vein mineralization has been identified at a number of locations in the region. Historical work has identified a northwest trending structural control on mineralization in the area and a north-south structural trend may be locally important. Strongly anomalous values including up to 24.5 ppm Ag, 143 ppm Sb, 371 ppm Cu, 336 ppm Pb and 1,260 ppm Zn were identified in till samples from 800E to 1000E on L-600N. The anomalous till samples are associated with a resistivity anomaly identified by a gradient array induced polarization survey. This target will be be tested by Hole #4. The target length of this hole will be determined after an analysis of the induced polarization survey completed this week on this target. Cache has received a New Brunswick Junior Mining Assistance Program (NBJMAP) grant of $45,000 or 50% of eligible costs up to $90,000 for the Long Lake Property. The NBJMAP program is a financial assistance program for junior companies, and provides up to 50% of eligible costs for mineral exploration programs to a maximum of $50,000. The NBJMAP provides valuable assistance which increases the probability of finding economically viable mineral resources in New Brunswick. Cache Exploration is a well funded company with a focus on exploring for REE deposits. Cache is exploring the Welsford REE Properties in New Brunswick, the Cross Hills REE Property in Newfoundland which is adjacent to the Rockbridge Resources REE Property and the Louil Hills REE Property in Newfoundland. All four Cache REE properties have proximity to available infrastructure and are considered to have excellent potential for rare earth mineralization. Cache intends to commence a diamond drill program at the Wellsford REE Properties after completion of the current drill program at the Long Lake Property. 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 . Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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