IMPACT Silver Corp. ("IMPACT" or "The Company") (TSX VENTURE:IPT) is pleased to
announce additional drill results from the open pit Capire mine at the Capire
Production Center. The Capire Production Center will initially host a 200
tonne-per-day (tpd) pilot plant, with plans to expand the operation up to 1,500
tpd in the future. 


The Capire Project is located within the 200-square-kilometerMamatla district
and is 16 kilometers southwest of IMPACT's active mining operations at the Royal
Mines of Zacualpan, Mexico. The current development and subsequent commencement
of production at Capire this winter represents the next significant phase of
growth for the Company. The mineralization at Capire consists of volcanogenic
massive sulphide ("VMS") targets, and the ongoing, aggressive drill program will
continue with the objective to further expand and define the deposit and its
surrounding zones to determine the potential size of the larger processing plant
operation. The planned open-pit trends in an east-west direction and the drill
results in the following table highlight additional drilling which extended the
deposit to the north and south. 




                           CAPIRE DRILL RESULTS                           
DRILL HOLE        FROM      TO INTERVAL     Ag     Au     Pb     Zn     Cu
                    (m)     (m)      (m)  (g/t)  (g/t)    (%)    (%)    (%)
--------------------------------------------------------------------------
C12-06           78.25   80.30     2.05    507   1.81   2.20   4.02   0.41
  including      79.30   80.30     1.00    929   3.27   2.77   5.27   0.63
  and           105.70  110.80     5.10    183   0.20   1.05   2.45   0.13
  including     109.80  110.80     1.00    322   0.35   0.44   1.31   0.07
--------------------------------------------------------------------------
C12-07           39.65   41.15     1.50    238   0.63   0.54   1.12   0.12
--------------------------------------------------------------------------
C12-08           44.70   45.75     1.05    247   1.63   0.18   0.35   0.11
  including      79.30   80.80     1.50    302   0.32   1.20   2.40   0.26
C12-10           62.74   63.34     0.60    218   0.31   1.12   2.64   0.20
--------------------------------------------------------------------------
C12-21           83.35  100.10    16.75    153   0.40   1.14   2.71   0.21
  including      92.40   97.00     4.60    435   0.71   3.13   5.99   0.48
  including      95.00   96.00     1.00  1,390   1.39   1.49   2.82   0.63
--------------------------------------------------------------------------
C12-25           13.20   23.35    10.15    107   0.58   0.90   2.43   0.10
  including      13.20   18.30     5.10    150   0.79   1.29   3.54   0.12
  including      13.20   15.25     2.05    315   0.91   2.93   8.19   0.25
C12-31           43.70   44.70     1.00    142   1.41   0.14   0.25   0.05
C12-35          123.00  125.05     2.05    219   0.76   1.09   2.89   0.20
--------------------------------------------------------------------------



The drill holes listed in the table above were drilled vertically and all
intersections are estimated to be close to true width. These holes expanded to
the extent of the Capire mineralization in the north and south direction, while
the zone remains open for further expansion to the east.


IMPACT Silver President and CEO, Fred Davidson, comments, "The Capire zone is
unlike most of the vein mineralization found throughout the district. We are
looking for polymetallic VMS prospects, and will initially be running
mineralized material through the 200 tpd pilot plant to accurately determine
what we are working with. Often benchscale tests are run on 500 tonnes of ore,
providing a level of accuracy of about 70%. Our plan is to run a benchscale test
with 60,000 tonnes of ore, to achieve a level of accuracy of about 95%." IMPACT
engineers are now studying the possibility of expanding the open pit plan to
incorporate some of these additional drill results.


The current combined Measured and Indicated Mineral Resource Estimate at the
Capire Deposit totals 7.2 million oz. silver, 30,446 oz. gold, 95.6 million lbs.
zinc and 37.2 million lbs. lead (see IMPACT Silver news release dated February
1, 2011 for details). 


Wojtek Jakubowski, P. Geo., a Qualified Person under the meaning of Canadian
National Instrument 43-101, is responsible for the technical content of this
news release.


IMPACT Silver Corp. is a silver-focused mining and exploration company operating
in Mexico. With 100% ownership of the producing operations in the
423-square-kilometer Royal Mines of Zacualpan Silver District and the
200-square-kilometer Mamatla Silver District which includes Capire, IMPACT is
well positioned to grow into a multimillion ounce silver producer. IMPACT also
has a 16.5% shareholder position in Defiance Silver Corp., a silver exploration
company that is advancing IMPACT's 200-tpd mill and mineral concessions toward
production in the Zacatecas Silver District. Additional information including
photos of construction activity at Capire can be found on the Company website at
www.IMPACTSilver.com. 


On behalf of the directors of IMPACT Silver Corp.,

Frederick W. Davidson, President & CEO

This IMPACT News Release may contain certain "forward-looking" statements and
information relating to IMPACT that is based on the beliefs of IMPACT
management, as well as assumptions made by and information currently available
to IMPACT management. Such statements reflect the current risks, uncertainties
and assumptions related to certain factors including, but not limited to,
without limitations, exploration and development risks, expenditure and
financing requirements, title matters, operating hazards, metal prices,
political and economic factors, competitive factors, general economic
conditions, relationships with vendors and strategic partners, governmental
regulation and supervision, seasonality, technological change, industry
practices, and one-time events. Should any one or more risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect,
actual results and forward-looking statements may vary materially from those
described herein. IMPACT does not assume the obligation to update any
forward-looking statement.




FOR FURTHER INFORMATION PLEASE CONTACT: 
IMPACT Silver Corp.
Meghan Brush
Investor Relations
(604) 681 0172
(604) 681-6813 (FAX)
inquiries@impactsilver.com
www.IMPACTSilver.com
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