CAY Cache Exploration Inc

Cache Exploration Inc. (TSX VENTURE:CAY) is pleased to announce that the Company
has commenced a 2010 work program on the Louil Hills REE Property in
Newfoundland. The program is being conducted under the guidance of Dr. David
Lentz, P.Geo., a director of Cache. Dr. Lentz has completed a detailed review of
historical data on the property and recommended that the claim block be expanded
at the Louil Hills REE Property. An application was filed on May 10, 2010 for 57
claims additional to the existing 37 claims under option in the Louil Hills
Property (March 5 and 8 news releases). These additional claims were granted on
June 9, 2010.


Detailed geological mapping, sampling, geochemical, and geophysical surveys and
drilling were completed by Cornerstone Resources Inc. (Hutchings, 1998) in their
search for copper mineralization in the area. Cornerstone Resources' exploration
revealed Zr-Nb-Y mineralization, as well as Cu and Pb mineralization.


The results found in this review of historical data and the current ongoing
exploration results by Kat Exploration on their adjacent property has been very
successful in identifying anomalies in the Louil Hills area that suggest the
potential for a body of iron oxide with base metals, precious minerals and rare
earth mineralization similar in style and setting to the giant Olympic Dam
deposit in Australia.


Olympic Dam style deposits all occur within continental rift sequence rocks
adjacent to major structures. The Louil Hills REE Property is located within a
continental extensional environment within peralkaline rocks emplaced adjacent
to a regional fault system. The presence of a large magnetic body that appear to
be intrusive into the overlying rock sequence that appear regionally altered,
are variably pyritic and contain vein type fluorite mineralization and appears
to suggest a magmatic origin for the mineralization.


KAT Exploration recently completed an exploration program on ground adjacent to
the Louil Hills REE property and stated "Anomalous levels of the Light Rare
Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam (and
others) were not only detected in soils but also in rock samples as well. In
addition, the soil geochemistry also produced anomalies in silver, gold,
copper." 


A report titled Rare Earth Targets in Insular Newfoundland, published by the
R.R. Miller of the Mineral Deposits Section of the Geological Survey of
Newfoundland (1989) states on page 176, that the Louil Hills area:


"Have the best Yttrium-Niobium potential of any volcanic rocks sampled in
insular Newfoundland. Evaluation of the rare metal potential of the Louil Hills
peralkaline granite could be accomplished with a relatively minor
lithogeochemical and prospecting program" 


Cache Exploration will mobilize a ground crew to conduct a Phase 1 exploration
program that will consist of scintillometer prospecting, geological
reconnaissance, and collection of surface samples. The surface samples will be
submitted for pulping and sieving for INAA and ICP analysis. The purpose of
Phase 1 is to identify potential drill targets for a Phase 2 follow up program
in the fall. 


Dr. David Lentz states that "based on what I have seen to date, I believe that
the Louil Hills area holds potential for an IOCG target (Iron oxide copper-gold)
containing iron oxide with base metals, precious minerals, and rare earth type
mineralization, similar in style and setting to the giant Olympic Dam deposit in
Australia."


Additional Information

Cache Exploration is a well funded company with a focus on exploring for REE
deposits. In addition to the expanded Louil Hills REE Property in Newfoundland,
the Company has the Cross Hills REE Property in Newfoundland which is adjacent
to the Rockbridge Resources Inc. REE Property. Cache also has the two Welsford
REE Properties in New Brunswick. All four Cache REE properties have proximity to
available infrastructure and are considered to have excellent potential for rare
earth mineralization.


Additional information concerning Cache Exploration is available at
www.sedar.com and on the Cache website at www.cacheexploration.com. For
additional information please contact info@cacheexploration.com.

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