IMPACT Silver Corp.

IMPACT Silver Corp.

October 27, 2008 17:44 ET

IMPACT Not Proceeding With the Grant of Stock Options at This Time

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2008) - IMPACT Silver Corp. (TSX VENTURE:IPT) announces that it is not proceeding with the grant of incentive stock options exercisable for 2.2 million shares at a price of $0.80 per share, which grant was announced in its news release dated September 23, 2008.

On behalf of the Directors of IMPACT Silver Corp.

Frederick W. Davidson, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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