TORONTO, ON (March 11, 2011) – Cache Exploration Inc. (TSX-V: CAY) is pleased to announce that the Company has filed for conditional approval of a private placement financing of up to 1,000,000 units at $0.40 for proceeds of up to $400,000. The financing will include flow-through units and well as non flow-through units. Each unit will consist of a common share and a full warrant exercisable at $0.50 for a period of twenty-four months from the date of close. All of the shares issued as part of the close, and any shares to be issued as a result of the exercise of the attached warrants, will be restricted until four months and a day from the date of close. All warrant shares exercised will be non flow-through.

There are currently 20,978,821 common shares of Cache issued and outstanding.

The Company has in hand subscriptions for 652,000 flow-through units and 112,500 non flow-through units representing 76.5% of the maximum financing. This includes 50,000 flow-through units from an officer of the Company representing a minimum of 5% of the maximum financing amount.
Finder’s fees in cash, shares, or non flow-through units may be issued subject to regulatory approval.

The Company intends to close the financing on or by March 18, 2011. Interested parties may contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Proceeds from the flow-through units will be used to fund exploration programs on the Company’s numerous Canadian projects. Proceeds from the non flow-through units will be used for the general working capital requirements of Cache.

Additional information is available under the company's profile 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.}