Toronto, Ontario (November 24, 2010) – Mr. George A. Brown, President of Cache Exploration Inc. (TSX-V: CAY), is pleased to provide an update on the exploration program at the 262 claim Welsford REE (rare earth element) Properties in New Brunswick. Dr. 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.

The board of directors has approved a Phase 1 diamond drill program of five holes for a minimum of 1,000 metres. The five holes will test the Main Zone and Road Zone aplite dykes of the McKeel Lake dyke swarm on three parallel sections spaced at intervals of 100 metres perpendicular to their apparent dominant strike direction. Aplite dykes have been found at several locations within the Inner and Outer Welsford claims. Based on rock sample analytical results received to date, many of the aplite dykes are known to be REE-bearing. Surface exposures of the dykes are extensively covered with overburden, and the two historical drill holes were drilled obliquely to both the strike and dip of these two dyke sets. This program is designed to drill test whether these represent a possible target type where there is a potential locale or zone where the dyke swarms are extensive (both along strike and across the width of the swarm) and the individual dykes or dykelets are highly REE-enriched. This type of target, if found relatively near surface, has the potential to be amenable to open pitting. Based on the limited surface data, it is possible the Main and Road Zone dykes may coalesce towards the northwest. The 2010 surface geological mapping indicates that the majority of the known aplite dykes strike north-northwesterly and, in a few places northwesterly, and both sets dip steeply (~70°) northeasterly. The drill program is designed to test the abundance and orientation of the Main Zone and Road Zone dykes, as well as confirm the high REE-Y-Nb grades noted at surface and in historical drilling off the sections now being targeted.

The Cache technical team speculates that the dykes originate from a source at depth, or perhaps laterally along strike, from a 'roof zone', which is a cupola or several cupolas (defined in the AGI Glossary of Geology as "a large upward projection of the roof of an igneous intrusion in the country rock above"). Such a target has the potential to be a sizeable zone of REE-bearing rock. Although the Phase 1 program has not been designed to drill test for a source cupola, the program is expected to provide critical data to guide Cache in a future drill program to test for such a cupola.
The Company intends to contract Vic Progressive Diamond Drilling Inc. of Sussex, New Brunswick to commence the diamond drill program at the Welsford REE properties in December. Vic Progressive is currently on hole three of a four hole drill program at Cache’s Long Lake Polymetallic Property in New Brunswick and are expected to be completed this program by the end of November.

The Welsford REE Properties are being explored for rare earth elements. Results reported to date have indicated the presence of significant rare earth elements including lanthanum (La), cerium (Ce), neodymium (Nd), samarium (Sm), europium (Eu), terbium (Tb), ytterbium (Yb), and lutetium (Lu). These results have also shown the presence of equally important yttrium (Y), niobium (Nb), and tantalum (Ta) mineralization.

Samarium is used in magnets to control flight control surfaces in missiles and other smart bombs. Samarium when used in military aircraft reduces weight while maintaining strength for various components of the aircraft. Neodymium magnets used in the controls of gravity guided bombs connected to GPS systems. Neodymium is used in laser rangefinders and illuminators. REE phosphates (usually lanthanum) are used in avionics of jet fighters. Terbium used in sonar transducers for submarines. Yttrium - Iron-Garnet alloys are used in radar equipment and electronics. Various rare earth elements are used in satellite communications for military and commercial applications. Yttrium - Iron - Garnets and Yttrium-Gadolinium Garnets are used in electronic surveillance measures and electronic intelligence and fighter jet communication systems and in ballistic missile early warning systems. Cerium oxide is used in infrared laser sensors, and as a polish on focal plane arrays and lenses. Cerium oxide is also used to polish integrated circuits. Cerium is also used to reduce particulate emissions from diesel combustion engines, it produces a safe red dye which can be used in paints, and is a constituent of several electrical applications and is used in the production of flat-screen TVs, low energy light bulbs and compact discs. Cerium is also being tested in a new water filtration system which removes viruses, pathogens, gases, pesticides and pharmaceuticals.

Cache has received a New Brunswick Junior Mining Assistance Program (NBJMAP) grant of $40,000 or 50% of eligible costs up to $80,000 for one of the Welsford REE Properties. 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 that 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 of the Cache REE properties have proximity to available infrastructure and are considered to have excellent potential for rare earth element 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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