IMPACT Silver Announces Second Quarter Net Earnings Up 67%, First Half Net Earnings Up 270%

IMPACT Silver Corp. (“the Company” or “IMPACT”) is pleased to announce results for the second quarter ending June 30, 2010.

SECOND QUARTER 2010 HIGHLIGHTS

-Revenues for the quarter reached $2.9 million, bringing the total for the first six months to $6.6 million, up 37% for the six months ended June 30, 2009.

-Net earnings for the quarter reached $0.32 million ($0.01 per share), up 67% from the same period in 2009, or up 270% for the year to date at $0.96 million ($0.02 per share) from the same period in 2009.

-Mine operating earnings for the quarter reached $1.1 million, or $2.6 million for the first six months, up 40% from the six months ended June 30, 2009.

-Silver production for the quarter reached 186,890 oz, up 7% from the prior quarter.

-Average mill throughput in the second quarter was 363 tonnes per day (‘tpd’), up 20% from 303 tpd in the second quarter 2009 and 14% from the prior quarter.

-Cash flows from operations before changes in non-cash working capital were $0.82 million, up 24% from $0.66 million in second quarter 2009, and up 86% for the six months ended June 30, 2010 from the same period in 2009.

-Financial position remained strong at $4.0 million in cash and cash equivalents, $6.1million in working capital with no long term debt.