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October 15, 2007

Impact Silver Receives $5 Million From Exercise Of Warrants

IMPACT Silver Corp. ("IMPACT") is pleased to announce that a total of 4,509,272 share purchase warrants expiring on October 6, 2007 have been exercised for cash proceeds of approximately $5.8 Million to the Company. This has increased IMPACT's total cash and term deposits in excess of $9.5 Million. All of the cash and cash equivalents are held in bank secured investments. IMPACT holds no commercial paper. IMPACT's currently has 47,258,710 issued and outstanding shares.

The funds will be employed toward the continued expansion of production, the ongoing drilling program as well as potential acquisitions.

IMPACT Silver Corp. is a silver focused mining and exploration company with a producing silver operation at Zacualpan, Mexico, an advanced project with a producing mill at Zacatecas, Mexico, and other projects in the Dominican Republic. Energold Drilling Corp. (EGD: TSX.V) owns 6.6 million shares of IMPACT.

On behalf of the Directors of IMPACT Silver Corp.,

"Frederick W. Davidson"
President, CEO

For further information, please contact:
Darrell Rader, Corporate Development
Telephone: 604-681-9501

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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