TORONTO, CANADA – November 1, 2011 – Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V:CAY) is pleased to announce that the Company has completed an extensive exploration program, as described in the June 23, 2011 news release, 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 was designed to 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 5,931 hectares which covers the full extent of the peralkaline Welsford Igneous complex (see attached map) that is available for exploration and has been shown to host the late-stage REE + Y + Nb McKeel Lake dykes. The purpose of the ongoing exploration program on the Welsford REE Properties is to evaluate the REE potential. Since REE-Y-Nb mineralized dykes have been identified on the Welsford Inner Property and are considered to represent a separate phase of the host Welsford Granite Complex, the goal will be 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.

Several anomalous zones on the Welford Outer Property have been covered by prospecting, selected mapping, soil, and radiometric surveys on a smaller grid to identify prospective areas for follow-up by overburden trenching commencing this fall with the goal of identifying potential targets for a follow up 2011- 2012 winter drill program. The Welsford Extension Property saw the first phase of soil sampling, radiometric survey, and prospecting to identify zones for further follow-up.

The 125 claim Welsford Outer covering 2,829 hectares, the 131 claim Welsford Extension covering 2,966 hectares, and the 6 claim Welsford Inner covering 136 hectares cover approximately 90% of the Welsford Intrusive Complex. The Welsford Inner has occurrences of REE-Y-Nb aplite dykes that are related to the Welsford Intrusive Complex. The Welsford Inner was drilled by Cache Exploration in December 2010 and January 2011 to reveal grades up to 0.278% by weight Total Rare Earth Elements (TREE) or 0.323% by weight Total Rare Earth Oxide (TREO), 1,136 ppm Niobium (Nb)(0.163% Nb₂O₅), and 1,722 ppm Yttrium (Y) (0.218% Y2O3) over 1.12 metres and 0.348% by weight TREE (0.405% by weight TREO), 1,021 ppm Nb (0.146% Nb₂O₅), and 1,876 ppm Y (0.238% Y₂O₃) over 0.55 metre (April 13, 2011 news release).

The 2011 summer field exploration program on the Welsford Outer was designed to follow-up on very encouraging results from 2009 and 2010 programs that outlined zones with elevated Heavy Rare Earth Element (“HREE”) content up to 1 km long by 0.5 km wide have been identified by stream and soil sampling, radiometric surveys, and minimal prospecting at a spacing of 125 by 125 m. The 2011 program included collecting 1,633 B-horizon soil samples and completing a radiometric survey at spacing of approximately 30 x 30m using a Scintrex scintillometer and a RS-125 spectrometer. The program included mapping, prospecting, and the collection of thirteen 1 metre channel samples from the sparse number of outcrops in the areas of interest. The channel cut samples of host Welsford Intrusive phases yielded values of up to 541 ppm TREE; with this particular sample being taken towards the southwest portion of the property indicating the presence of highly fractionated intrusive phases in areas outside the Welsford Inner Claims. Geological prospecting observations and radiometric spectrometer survey and soil results will be used to delineate several areas for follow-up by GPS-linked spectrometer surveying to identify priority targets on the Welsford Outer for trenching in November.

On the Welsford Extension, a 100 metre by 100 metre grid soil survey and associated radiometric survey was completed in June and July 2011 by GeoXplore Surveys Inc. of Bathurst, New Brunswick. A total of 2,040 B- horizon soil samples were taken along with an RS-125 radiometric spectrometer survey. A highly anomalous soil sample returned 182 ppm Lanthanum (La), 1,310 ppm Cerium (Ce), 544 ppm Neodymium (Nd), 149 ppm Samarium (Sa) , 5 ppm Europium (Eu), 41.8 ppm Terbium (Tb), 100 ppm Ytterbium (Yb), and 12.5 ppm Lutetium (Lu); this one sample reported double the maximum REE values seen in the Welsford Inner that contains the surficial occurrences of the REE‐Y‐Nb‐Zr aplite dykes that represent a primary target of exploration on the Welsford Intrusive Complex. The spectrometer survey and HREE in soils revealed additional anomalous areas in the southwest portion of the property including several smaller areas along the rim of the intrusive complex and a larger area towards the center of the complex. Overall, the average HREE contents of the soils were approximately two and a half times greater than the average upper crustal values reported by Wedepohl (1995). The follow-up prospecting on the Welsford Extension has revealed that there are several intrusive phases present on the property. The soil location with the most elevated REE values was re-visited to reveal a boggy area. The nearest outcrop located approximately 200 metres towards the east yielded spectrometer values up to 1,900 cps. GPS-linked spectrometer data from other soil anomalies include values up to 1,000 cps and warrant further prospecting, infill soil samples, and mapping in the 2012 exploration program.

The Welsford Outer and the Welsford Inner will be subject to a trenching program commencing in November to develop targets for a winter 2011-2012 drill program. All samples are submitted to Activation Laboratories Inc. in Ancaster, Ontario for instrumental neutron activation analysis (INAA) with duplicates, blanks for soil samples, and the appropriate certified reference material as standards.

Cache has been approved by the New Brunswick Junior Mining Assistant Program (NBJMAP) for two grants totalling $60,000 or up to 50% of the first $120,000 of trenching and drilling on the Welsford Properties. The program offers financial assistance up to 50% of eligible costs for mineral exploration programs to a maximum of $50,000 per grant increasing the probability of finding economically viable mineral resources in New Brunswick.

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 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 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

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