IMPACT Silver Corp.
TSX VENTURE : IPT

IMPACT Silver Corp.

April 06, 2006 18:43 ET

IMPACT Closes $8,030,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - IMPACT Silver Corp. (TSX VENTURE:IPT) is pleased to announce that it has now closed its private placement of 7,300,000 units to raise gross proceeds of $8,030,000 at a price of $1.10 per unit, each unit consisting of one (1) share and one-half (1/2) of one share purchase warrant, each whole warrant entitling the holder to purchase one additional share of IMPACT at a price of $1.30 per share until October 6, 2007.

Regent Mercantile Bancorp Inc. ("Regent") of Toronto acted as agent to IMPACT for the private placement and has elected to receive its agency fee by way of the issuance of 584,000 Agent's Units, the Agent's Units having the same terms as the private placement units. In addition Regent received 584,000 Compensation Warrants exercisable for up to 584,000 shares of IMPACT at a price of $1.20 per share until October 6, 2007. All securities are subject to a four-month hold period in Canada expiring on August 7, 2006. Proceeds from the placement will be applied to IMPACT's Zacualpan Silver Project and working capital.

IMPACT also announces that its wholly-owned Mexican subsidiary, Minera Aguila Plateada S.A. de C.V., has received TSX Venture Exchange acceptance for filing of its option to purchase the 500-tonne per day processing plant, certain mineral concessions and surface rights located in Zacualpan, Mexico, as previously announced in our news release dated March 14, 2006. Total consideration for the 500-tonne per day processing plant plus certain mineral concessions and surface rights is US$1,140,000 and 100,000 shares at any time before December 2, 2006.

IMPACT Silver Corp. is a silver focused mining and exploration company with projects in Mexico and the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD) holds 6.6 Million shares of IMPACT.

On behalf of the Directors of IMPACT Silver Corp.

Frederick W. Davidson, President, CEO


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