Toronto, Ontario (April 13, 2011) – Mr. George A. Brown, President of Cache Exploration Inc. (TSX-V: CAY) is pleased to report the results of the Phase 1 drill program on the 262 claim Welsford REE (rare earth element) Properties in New Brunswick. Dr. David Lentz, P.Geo., and Dr. Sheila Watters, P.Geo., are Qualified Persons as described in National Instrument 43-101 and are responsible for the technical information contained in this news release.

The Welsford claims cover an alkalic granitic intrusive complex that has REE-Y-Nb concentrations in late phase aplitic dykes. Vic Progressive Drilling Inc. of Sussex, New Brunswick completed a seven drill hole program at the Welsford REE Properties yielding a total of 934 metres of bedrock core. This is the first drilling by Cache on the Welsford Properties and was focused near two previously discovered surface REE-Y-Nb occurrences in the McKeel Lake aplite dyke swarm that had been tested by two historical drill holes. These occurrences are referred to by Cache as the Main Zone and the Road Zone and they lie within a group of 6 claims known as the Inner Claims. Possible REE-Y-Nb target deposit types here include a mineralized dyke swarm of high density, extent and grade and/or a REE-enriched source body from which these REE-enriched dykes originated.

The board of directors approved the first phase diamond drill program to test the Main Zone and Road Zone aplite dykes of the McKeel Lake dyke swarm. Surface geological mapping in 2010 indicated that the majority of the known aplite dykes strike north-northwesterly (Main Zone) and northwesterly (Road Zone), and both sets dip steeply (~70°) northeasterly. Drilling was carried out along three parallel east-northeast-trending sections spaced 100 metres(m) apart. Holes 1 to 6, ranging from 43m to 160m hole depth, were designed to test the density, REE-Y-Nb grade and overall width of the mineralized dyke swarms, at and along strike to the north and south of the two main surface occurrences with historical drill intersections. These holes were also expected to provide additional data as to the probable direction of a potential source or cupola. The program tested a 200m strike length of the Main Zone and a 100m strike of the Road Zone, at shallow depth. The last, near vertical Hole 7, drilled to 323m, also targeted the central portion of the Main Zone at about 200m below surface as well as probing deeper for a possible source cupola.

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. An additional purpose of the Phase 1 program was to provide critical data to guide Cache in a future drill program to test for such a cupola and for other dyke swarms elsewhere in the Inner Claims or in the extensive Outer Claims.

Drill cores sampled for assay, included aplite dykes and variously altered wallrock granite phases. These samples were designed to assess the potential grade of REEs and rare metals in the aplites and to help determine if the various associated alteration types in the host granites have potential themselves for REE-enrichment. The sampled aplitic and porphyritic dykes and associated hydrothermally altered host rocks were prepared and analysed at Activation Laboratories Ltd. (Ancaster, Ontario), with their Code 8 – REE Assay Package using fusion preparation followed by ICP and ICP/MS. Samples that exceeded 1,000 ppm Nb and/or Y or having total rare earth elements (TREE) exceeding 5,000 ppm by this first analytical method, were re-analyzed by a fusion XRF (Xray Fluorescence Spectrometry) Package along with the Instrumental Neutron Activation Analysis Option (Code 8) designed to assess REE-Y-Nb-Ta-Sn grades. Appropriate CANMET Certified Reference Materials (CRM’s) were also run with the samples for QA/QC analysis. CRM’s were reviewed and the available results are considered satisfactory for reporting REE (by fusion-ICP/MS) and Nb and Y (by XRF spectrometry).

Results of the drill program have indicated a continuity of the northwest-striking structures that are associated with the aplite dyke swarms. The presence of aplites within these structures was found to be inconsistent. A few narrow (cm-scale) REE-bearing aplite dykes were also intersected outside of the projected zones of the two dyke swarms.

Holes 1 and 7 tested the central part of the Main Zone and intersected a REE-bearing aplite dyke of 1.1m core length (estimated 0.95m true width) and an aplite/pegmatite dyke of 0.55m core length (uncertain true width), respectively, at 30m and at 270m vertically below surface. These were the two best REE intersections of the drill program, yielding 0.278 wt % TREE (0.323 wt % TREO - total rare earth oxide) over 1.12m and 0.348 wt% TREE (0.405% TREO) over 0.55m respectively. Nb and Y content in these same zones were 1,136 ppm Nb (0.163% Nb2O5), 1,722 ppm Y (0.218% Y2O3) over 1.12m and 1,021 ppm Nb (0.146% Nb2O5), 1,876 ppm Y (0.238% Y2O3) over 0.55m. The deeper intersection of Hole 7 lies about 35m west of the projected Main Zone at the depth of the REE intersection. The projection of the Main Zone in the northern-most and southern-most test holes 3, 5, and 6 is expressed mainly as zones of increased alteration minerals (carbonate and other very fine-grained minerals) occurring as disseminations and/or in veinlets. Locally, the zone is expressed solely by increased fracture concentration.

Hole 4, testing the Road Zone about 35m south along strike of the surface exposure, intersected a 0.23m aplite dyke (uncertain true width) with an adjacent narrow dyke, together yielding 0.368 wt % TREE (0.428 % TREO) over 0.31m with 1,261 ppm Nb (0.180% Nb2O5) and 1,924 ppm Y (0.244% Y2O3). This intersection lies at a vertical depth below surface of about 60m, within the area of the projected zone. Other intersections of REE-bearing zones, although present in all 7 drill holes, are less significant than those reported above.

The TREE and TREO reported here include the 14 analysed Lanthanide Series elements from La to Lu and does not include Y. For the individually analysed samples included in the results reported above, the total Heavy Rare Earth Elements (HREE – Eu through Lu) range between 27 and 31 % of Total Rare Earth Elements (TREE). Metallurgical studies have not yet been done on the REE-enriched aplites. However, non-silicate, REE-bearing minerals have been reported from these dykes previously. Mineralogical studies by Seidler et al. (2005) report the presence of Ta-Nb- and REE-rich phases: euxenite, fergusonite, aeschynite, (Y)-aeschynite, and a REE carbonate.

The trends of the Main and Road Zones appear to converge to the northwest of the Phase 1 reported drill program and the potential in the area of this apparent convergence is expected to be drill tested as part of the Phase 2 drill program being planned for 2011.

This Phase 1 drill program was a modest start to a larger long term exploration program to be conducted by Cache over the entire 20 km length of the Welsford Intrusive Complex. Phase 1 was conducted on only 6 of the 262 Welsford claims due to the more abundant historical information available on the six inner claims. Cache intends to complete a thorough surface program over the entire Welsford Intrusive Complex target in order to identify and evaluate additional drill target areas.

Cache 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 and the Cross Hills Northern IOCG Properties in Newfoundland (adjacent to the Rockbridge Resources REE Property), and the Louil Hills REE Property in Newfoundland (adjacent to the KAT Exploration Inc. REE project). All the above Cache REE properties have proximity to available infrastructure and are considered to have excellent potential for rare earth mineralization.

Cache has also obtained six Prospecting Permits covering approximately 208,784 acres of prospective REE exploration ground in Nunavut. The Prospecting Permits are issued for a three year period and they require a minimum exploration expenditure of $0.10 per acre in year one, $0.20 in year two, and $0.40 in year three to maintain each Permit. At any time during the three year period, as long as the permits are maintained in good standing, Cache has the exclusive rights to stake mineral claims within the areas of the Prospecting Permits. A deposit equal to the year one required spending of $0.10 per acre was filed with the applications and is refundable against proof of the minimum work requirements being submitted, and the report and expenditures being accepted by the Nunavut Mining Recorder. The Company is formulating a summer 2011 exploration plan for Nunavut which will be communicated in due course.

The areas applied for were recommended by the Board of Directors Technical Review Committee (Dr. David Lentz, P.Geo., and Dr. Reg Olson, P. Geol.) based upon potential Rare Earth Element exploration targets after a review of available data.

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 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.