IMPACT Silver Expands the Capire Deposit; Intersections

IMPACT Silver Expands the Capire Deposit; Intersections Include 435
Grams Per Tonne Silver Across 4.6 Meters and 507 Grams Per Tonne
Silver Across 2.05 Meters 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/25/12 -- 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  
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. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
IMPACT Silver Corp.
Meghan Brush
Investor Relations
(604) 681 0172
(604) 681-6813 (FAX)
Press spacebar to pause and continue. Press esc to stop.