Cache Acquires 100% of Rockbridge Minerals Inc. PDF Print E-mail

TORONTO, CANADA – June 20, 2011 – Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY)(“Cache”) is pleased to announce that the Company has completed the acquisition of 100% of the outstanding shares of Rockbridge Minerals Inc. (“RMI”) as per the terms of the Share Purchase Agreement dated June 6, 2011 between Cache Exploration Inc. and Rockbridge Resources Inc. (TSX-V: RBE) (“RRI”).

The agreement provided for the payment of the $275,000 by the issue of 1,100,000 units of Cache to RRI. Each unit consisted of one common share of Cache plus one full common share purchase warrant exercisable for twenty-four months to June 15, 2013. The warrants are exercisable at $0.30 to June 15, 2012 and at $0.40 to June 15, 2013. The common shares issued are subject to a legend ranging from 0 days up to 270 days from June 15, 2011.

Cache now own 100% of Rockbridge Minerals Inc. which in turn own the following mineral properties:

  • 100% of 343 claims covering approximately 20,923 acres in Newfoundland, which are adjacent to the Cache Cross Hills REE Properties, of which 27 claims are subject to a pre-existing 2% Net Smelter Royalty with a right to reduce the NSR by 1% for $1,000,000 and the additional 316 claims subject to a 2% Net Smelter Royalty to RRI with a right to reduce the NSR by 1% for $1,000,000

  • 100% of 8 claims in 3 parcels covering approximately 8,428 acres in the Eskey Creek/ Stewart region of British Columbia including the 3 claim 3,360 acre Stewart South Property, the 4 claim 4,349 acre Quinn Eskay Property, and the single claim 719 acre GSM Property (these BC properties are not subject to any pre-existing royalties)

  • 100% of the 9 claim 4,680 acre White Gold Property in the Yukon (not subject to any pre-existing royalty)
At closing on June 17, 2011, RRI owned the right to up to 2,200,000 common shares of Cache representing 9.05% on a partially diluted basis and own a 2% NSR on all the Newfoundland claims included which were not subject to a pre-existing NSR.

Mr. Brown, CEO, states: “Cache has made plans to evaluate each of these RMI properties in 2011 as part of the currently funded $1,000,000 minimum of flow through exploration expenditures planned in 2011.”

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.