IMPACT Silver Corp.

IMPACT Silver Corp.

March 05, 2007 17:00 ET

IMPACT Silver Announces 10,000 Meter Drill Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2007) - IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT) is pleased to announce its commitment to a minimum 10,000-meter drill program for 2007 on its Mexican silver projects. Drilling is scheduled to start during the last week of February at Zacatecas and upon completion will then continue onto the Royal Mines of Zacualpan project.

As part of this program, several targets will be drilled on 100% IMPACT-owned concession in Zacatecas as well as those under option to Yale Resources Ltd., with IMPACT as the operator. The Zacatecas part of the campaign will include a minimum of 1,500m of drilling and is expected to be completed within 4-6 weeks. The results of this initial drill program outlined for Zacatecas will serve as basis for further exploration and development plans in this area.

The majority of the drill program will test various advanced to early-stage targets at the Royal Mines of Zacualpan. The initial targets to be tested will be the advanced Chivo Silver Shoot and the early-stage Cuchara and San Antonio Prospect areas.

The Chivo Silver Shoot is located in the southern part of the Zacualpan silver district and is a new zone of high-grade silver mineralization. This drilling campaign will follow up on previous high-grade drill results reported last fall that included 1.1m of 841g/t silver, 0.63g/t gold, 0.43% zinc, 0.32% lead as well as 2.7m of 937g/t silver, 0.35g/t gold, 1.88% zinc, 0.75% lead. This 2.7m intersection included 0.7m of 2,380g/t silver, 0.43g/t gold, 4.83% zinc and 1.85% lead (see News Release dated October 12, 2006). The first eight holes drilled last year outlined the Chivo zone over a length of 60m and a downdip depth of 190m, and left the zone open in all directions for expansion. The 2007 drill program is planned to continue expansion of the zone.

The Cuchara Prospect area holes planned for 2007 include additional drilling on the high-grade Oscar Vein, the Condesa Vein and other nearby veins. The only prior drill hole on the Oscar Vein intersected 0.3m (true width) grading 2,820g/t silver, 1.83g/t gold, 7.83% zinc and 3.48% lead (see News Release dated January 25, 2007).

The San Antonio prospect is another one of the early stage targets to be drilled in 2007. It is located in the southeastern portion of the Royal Mines of Zacualpan Silver Project area. This is a historical mine marked by a double vein system. One vein is exposed in a glory hole measuring 45m x 3m x 30m deep, which was mined to the water table (no written records are known of who carried out this mining or when this mining was done). Chip samples taken by IMPACT geologists on surface at the edge of the glory hole assayed 164g/t silver, 3.23g/t gold, 2.65% lead and 0.93% zinc across 3.15m true width. A chip sample taken in an old pit north of the glory hole on the second parallel vein assayed 1,055g/t silver across 1.3m true width. The distance between the veins is 11m. The drill target at San Antonio is the downdip extension of the double vein system below the water table where the old time miners do not appear to have mined the veins.

Drilling in 2007 is also planned for a number of other early-stage silver targets, the SW Copper-Gold Sector and various deep-hole copper-gold targets.

George Gorzynski, P.Eng., a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release. Chip and channel samples were collected from cleaned rock faces in old mine workings and from bedrock outcrops over a continuous representative interval using a moil and hammer, bagged, sealed and then securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) where they were fine crushed (70% passing a 2mm screen), pulverized (85% passing a 75 micron screen) and pulp split separated for assay by a riffle splitter. These pulps were shipped to the ALS Chemex laboratory in North Vancouver Canada where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analysed for an additional 30 elements by ICP spectrometry. Samples high in zinc, lead or copper were then wet assayed to determine their values.

IMPACT Silver Corp. is a Tier 1 silver-focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; an advanced-stage silver project at Zacatecas, Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD) owns 6.6 million shares of IMPACT.

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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