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September 5, 2007

Stock Options

IMPACT Silver Corp. (IPT -- TSX Venture) announces that it has granted incentive stock options under its Stock Option Plan to directors, officers, employees and consultants exercisable for 1,080,000 shares of IMPACT. The options are exercisable on or before September 5, 2012 at a price of $1.40 per share.

IMPACT also announces that further to its news release dated July 17, 2007, IMPACT is not proceeding with the options set out therein.

IMPACT Silver Corp. is a Tier 1 silver-focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; exploration rights to two Mexican mining districts, an advanced-stage silver project 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

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

900 - 543 Granville St.
Vancouver, BC V6C 1X8

Telephone 604 681 9501
Facsimile 604 681 6813
www.IMPACTSilver.com
inquiries@IMPACTSilver.com
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