| Cache Expands REE Exploration Program Based On Positive Results |
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TORONTO, CANADA – October 25, 2011 – Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY) (“Cache”) is pleased to announce that the extensive exploration program of approximately three months announced July 25, 2011 at the Cross Hills Properties near the Burin Peninsula in western Newfoundland has been expanded and extended due to the receipt of positive radiometric survey and rock sample results. Dr. David Lentz, P. Geo., is a Qualified Person as defined in National Instrument 43-101 and is responsible for all technical information contained in this news release. The Cross Hills Plutonic Suite consists of a group of related gabbro to diabase, granodiorite, biotite granite, peralkaline granite, and minor syenite that outcrops over 260 square kilometres. The most significant mineral occurrence within the Cross Hills area is Zr-Nb-Y-REE mineralization within small aplite dykes and veins that intrude the peralkaline granite, revealing grades of up to 19,208 g/t Zirconium (Zr), 2,968 g/t Yttrium (Y), 1,860 g/t Niobium (Nb), 1,550 g/t Cerium (Ce), 725 g/t Thorium (Th), and 90 g/t Tin (Sn) (as reported in Tuach, 1991). This area was prospected during 2011 and an area of known REE mineralization displayed radiometric readings of up to 1,500 counts per second (CPS) and could be traced discontinuously over a kilometre in length and locally up to 2.5 metres in width. Work conducted in 2010 by Cache Minerals Inc. (CMI) (formerly Rockbridge Minerals Inc.) in this area revealed samples containing up to 1.11% Total Rare Earth Oxide (TREO). At the contact of the same peralkaline granite and neighboring biotite granite, a sample returning 6,328 g/t Zr and 316 g/t Nb was reported by Tuach (1991). The management of Cache feel that this is indicative of potential underlying Heavy Rare Earth Element (HREE), Yttrium, and Niobium mineralization. The analytical results, mineralogy, and peralkalic affinity appear similar to those of other very significant REE-Y deposits like the Thor Lake (NWT) and the Strange Lake (QC-Labrador), making the Cross Hills REE property of significant interest to Cache for developing its potential. The exploration program as announced July 25, 2011, involved completing a detailed, systematic GPS-linked radiometric survey, conducting geological reconnaissance, as well as collecting rock samples at points with elevated radiometric readings, and from other potentially mineralized rock. The work was completed over eight claim groups, of which three are held by Cache Exploration Inc. (“Cache”), and five are held by a wholly owned subsidiary, Cache Minerals Inc. (“CMI”). These eight claim groups cover an area of approximately 111.5 square kilometres (see attached map). The detailed GPS-linked radiometric survey was able to identify three areas of relatively elevated radioactivity varying between 600 and 850 counts per second. All three areas are located in proximity to a contact between a Devonian to Carboniferous granitoid suite and late Proterozoic siliciclastic metasedimentary and bimodal alkalic metavolcanic sequence. A total of 199 rock samples were collected from the Cache and CMI claim groups, 82 and 117 samples respectively. These were analysed by instrumental neutron activation analysis at Activation Laboratories Inc. in Ancaster, Ontario. The significant results include values up to 486 ppm Total Rare Earth Element (TREE) (including La, Ce, Nd, Sm, Eu, Tb, Yb, and Lu), which includes a Heavy Rare Earth Element (HREE) content of up to 39 ppm (Tb, Yb, Lu). The higher REE samples were collected from a granitoid suite and subaerial felsic volcanic rocks, both of late Proterozoic age. Based upon a review of these encouraging assays, an expanded follow-up work program is scheduled to commence by the end of October 2011. This follow-up program will include further sampling and prospecting targeted specifically in the areas with relatively elevated radiometric readings and the areas that surround the rock samples reporting elevated REE values. The primary goals of this expanded exploration program are to define the areas of highest priority interest and to identify targets for potential future trenching and drilling. Mr. Brown concludes that “We feel that Cache presents very good share appreciation potential due to the exposure to numerous exploration properties with a variety of commodity targets including Rare Earth Elements, Gold, and Silver. A public listed company with under 23.5 million shares issued and a market capital of under $3.5 million can be poised for significant share movement on any positive results. The expansion and extension of the Cross Hills REE exploration program has the potential to provide these positive results.” 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, and the Nunavut REE Properties. In June 2011, the Company acquired a 100% interest in Cache Minerals Inc. (“CMI”) (formerly Rockbridge Minerals Inc.) through which it now controls the CMI Cross Hill REE Properties adjacent to Cache’s original 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 Neither The TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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