| Cache Announces Welsford Rare Earth Exploration Program |
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TORONTO, CANADA – June 23, 2011 – Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY) is pleased to announce that the Company has commenced an extensive exploration program on their Welsford REE Properties. 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 exploration program is to fully evaluate the extent of known Rare Earth Element (“REE”), Yttrium (“Y”), and Niobium (“Nb”) bearing aplite dykes and to identify areas of anomalous REE. The Welsford REE Properties include groups of 6, 125, and 131 claims covering a total of 4,192 hectares. Since the 2010 addition of the 131 claim Welsford REE Extension, Cache controls the full extent of the peralkaline Welsford Igneous complex that is available for exploration and has been shown to host the late-stage REE + Y + Nb McKeel Lake dykes. This exploration program is the follow-up to very encouraging results from the 2009 and 2010 programs on the peralkaline REE + Y + Nb targets. Outlined zones with elevated Heavy Rare Earth Element (“HREE”) content are up to 1 km long by 0.5 km wide and have been identified by stream and soil sampling, radiometric surveys, and prospecting. Several claims of the original Welsford REE Properties were drilled in late 2010 to early 2011 and were shown to contain several intersections of the late-stage McKeel Lake dykes including grades up to 0.278% by weight Total Rare Earth Elements (“TREE”) over 1.12m and 0.348% by weight TREE over 0.55m (news release April 13, 2011). A follow up second phase of drilling on the Welsford REE Properties to determine the extent of mineralization is scheduled for late 2011 after a summer program of surficial overburden trenching and channel sampling. Several additional anomalous zones will also be covered by prospecting, selected mapping, till, soil, and radiometric surveys on a smaller grid to identify prospective areas for follow-up by overburden trenching in the early fall with the goal of identifying potential targets for the 2011 drill program. The 131 claim Welsford REE Extension Property will have a 100 metre spaced soil and radiometric survey completed to assess the potential for REE and Y mineralization. The purpose of the 2011 exploration program on the Welsford REE Properties is to evaluate the REE potential. Since REE-Y-Nb mineralized dykes have been identified on the property and are considered to represent a separate phase of the host Welsford Granite Complex, the goal will be to attempt to identify a concentration of these dykes (a dyke swarm) or determine the source of the mineralized dykes. The source could be a cupola or a roof-zone where the dykes would have originated as the two geological models could possibly be related. Cache Exploration is a well funded exploration company with a focus on exploring for REE deposits. Cache is exploring the Welsford REE Properties in New Brunswick, the Cross Hills REE Property and Cross Hills Northern IOCG Property in Newfoundland, the Louil Hills REE Property in Newfoundland, the Nunavut REE Properties, and the Bluff Lake Cu-Au Property in BC. The Company has recently acquired a 100% interest in Rockbridge Minerals Inc. (“RMI”) through which it now controls the RMI Cross Hill REE Properties adjacent to Cache’s Cross Hills Properties, the 3,360 acre Stewart South Property in BC, the 4,349 acre Quinn Eskay Property in BC, the 719 acre GSM Property in BC, and the 4,680 acre White Gold Property in the Yukon. All of the Cache REE properties are considered to have excellent potential for rare earth element mineralization. The BC and Yukon properties provide a diversity of exposure to exploration potential for copper, silver, and gold. 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. |


