Cache CMI Cross Hills REE Property Samples Report Up To 0.41% By Weight Combined Tree, Including 0.155% Heavy Rare Earth Elements, Plus 0.244% Yttrium, And 0.09% Niobium

Cache CMI Cross Hills REE Property Samples Report Up To 0.41% By Weight Combined Tree, Including 0.155% Heavy Rare Earth Elements, Plus 0.244% Yttrium, And 0.09% Niobium



Cache Exploration Inc. (TSX-V: CAY), is pleased to announce results from the sampling program on the CMI Cross Hills REE Property in Newfoundland (see Figure 1). 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.

Cache is pleased to report on the lab analyses from the 2012 summer sampling program (see Figure 2) at the CMI Cross Hills REE Property as described in the June 11, 2012 news release which identified new showings in the area. Thirteen samples were submitted to Activation Laboratories for Code 8 – REE Assay Package (ICP and ICP-MS). Of these, two were grab samples, six were chip samples, and six were channel samples cut by diamond saw. The samples were prepared at their Fredericton, New Brunswick facility and then forwarded to Ancaster, Ontario for analysis.

Highlights from these samples reported in the table below include one chip sample taken across a 45 cm width reporting 0.41% Total Rare Earth Elements (TREE) (4,055 ppm) of which 38.1% are Heavy Rare Earth Elements (HREE), plus 0.224% Yttrium (Y) (2,442 ppm), and 0.09% Niobium (Nb) (906 ppm). Another chip sample taken across a 40 cm width reported 0.31% TREE (3,099 ppm) of which 36.2% are HREE, plus 0.187% Y (1,870 ppm), and 0.059% Nb (587 ppm). Also worth noting is a channel sample taken across a 101 cm width reporting 0.14% (1,392 ppm) TREE of which 49.6% are HREE, plus 0.10% Y (1,041 ppm), and 0.052% Nb (519 ppm).





TREO includes La2O3, Ce2O3, Pr2O3, Nd2O3 and Sm2O3 as Light Rare Earth Oxides (LREO), and Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Tb2O3 and Lu2O3 as Heavy Rare Earth Oxides (HREO). The samples were analysed by Activation Laboratories Inc. (Actlabs) Code 8 – REE Assay Package (ICP and ICP/MS) at their facility in Ancaster, Ontario. A Certified Standard Reference Material was submitted with the samples for quality control purposes, and its results are considered satisfactory for reporting.

The results of the Spring 2012 program at the CMI Cross Hills REE Targets continue to confirm the area’s potential to host significant rare earth mineralization. Consistent with other samples obtained from past sampling programs, these samples consisted of peralkaline granite phase and some mixed aplitic dykes up to 5 centimetres in width. The company is currently assessing a 2012 fall drill program to test the potential for a source at depth for the dykes.

As a result of the management evaluation of the 2012 work programs and results to date, the Company has allowed five of the ten mining claim groups comprising the CMI Cross Hills Property to lapse in July and August 2012. Figure 1 has been updated and represents the five mining claim groups that are being maintained with further exploration planned on the several identified REE targets.

Cache Exploration has a focus on exploring for REE deposits. Cache is exploring the Welsford REE Properties in New Brunswick, the Cross Hills Northern IOCG Property in Newfoundland, and the Nunavut REE Properties. The Company owns a 100% interest in Cache Minerals Inc. (“CMI”) through which it controls the CMI Cross Hill REE Properties, the Stewart South Property in BC, the Quinn Eskay Property in BC, the GSM Property in BC, and the White Gold Properties 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 at www.sedar.com and at www.cacheexploration.com or by contacting Cache at info@cacheexploration.com or by phone at (416) 867-1101.

Neither The TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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