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Impact Silver drills five metres of 227.8 g/t Au at Nido

2009-05-27 18:11 ET - News Release

Mr. Frederick Davidson reports

IMPACT ANNOUNCES TWO NEW SILVER DISCOVERIES

Impact Silver Corp. has recently received assays from two newly discovered silver areas found during continuing exploration in the Royal mines of the Zacualpan silver and gold district of central Mexico.

The Nido de Oro area is located 4.5 kilometres due west of Impact's Guadalupe processing plant.

FIRST DRILL HOLE FROM THE NIDO DE ORO AREA (HORQUETA VEIN)

Drill hole From To Intersection True width Silver Gold Lead Zinc

(m) (m) (m) (m) (g/t) (g/t) (%) (%)

Z09-13 85.4 91.6 6.2 5.0 227.8 2.20 1.18 3.71

Including 85.4 87.9 2.5 2.0 342.9 5.22 1.24 4.08

This main northeasterly dipping Horqueta vein has been traced on surface for 1.9 kilometres and a series of southwesterly dipping veins, including the Armadillo and Nido de Oro veins, have been found 50 metres to the west. Surface samples from hand trenching of the Horqueta vein over a 550-metre length have returned values up to 639 grams per tonne silver and 0.5 g/t gold over a 0.9-metre width. The Armadillo vein has been mapped and sampled in historical underground workings over a 100-metre strike length and has returned values up to 679 g/t silver and 1.4 g/t gold over a width of 0.5 metre. The Horqueta vein mineralization is open for expansion to the north and additional drill pads have been constructed for further drilling.

The Las Aguilas area is located 4.2 kilometres southwest of Impact's Guadalupe processing plant. It is host to a series of southwesterly dipping veins that are partially exposed in historical underground workings and in outcrops where rock chip samples returned up to 287 g/t silver and 3.25 g/t gold.

LAS AGUILAS

Drill hole From To Intersection True width Silver Gold Lead Zinc

(m) (m) (m) (m) (g/t) (g/t) (%) (%)

Z09-07 27.75 30.5 0.75 0.74 239.0 0.06 0.08 0.13

Z09-07 42.53 45.83 3.30 3.29 236.3 0.08 0.23 0.41

Z09-07 51.26 51.79 0.53 0.52 2,040.0 0.36 1.42 2.23

Z09-08 46.00 46.55 0.55 0.54 362.0 0.23 0.14 0.56

Both of these holes at Las Aguilas were drilled on Section 2050N, with hole Z09-08 undercutting hole Z09-07 by 50 metres. Upon review of the geological cross-sections, is it evident that hole Z09-08 only intersected the first vein and should have been drilled deeper. Phase two drilling is scheduled to test the northern extent of the mineralization where several old workings are located.

Wojtek Jakubowski, PGeo, and Brian Hall, PGeo, qualified persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release.