Mr. Jack Bal reports

CACHE INTERSECTS MULTIPLE ZONES OF GOLD MINERALIZATION FROM DRILLING HOLE 2 AT ITS KIYUK LAKE GOLD PROJECT, NUNAVUT

Cache Exploration Inc. has received complete assay results have been received for the first two holes of its summer drill program at its Kiyuk Lake project in Nunavut. Complete results have now been received from the till sampling program.

Significant release highlights:

• KI17-002 returned 10 metres at 2.6 grams per tonne gold from 32 metres in the Rusty zone;
• 38 metres at 1.12 grams per tonne gold from 58 metres;
• Four metres at 4.2 grams per tonne gold from 150 metres.

Previously released results from KI17-001:

• 26.4 grams per tonne gold over eight metres from the Rusty zone;
• Six metres at 5.7 grams per tonne gold from 132 metres;
• New style of alteration and mineralization intersected associated with high-grade gold mineralization.

Rusty zone

KI17-002 was designed to target the potential eastward extension of gold mineralization from the known Rusty gold mineralization and is a stepout hole of the discovery hole RU11-001 targeting the eastward extension of gold mineralization intersected in RU11-001, which intersected 37.8 metres of 4.18 grams per tonne gold (previously reported). Drill hole KI17-002 was drilled to a depth of 209.1 metres. Sections containing gold mineralization were coincident with strongly albite altered and brecciated sandstone with carbonate-actinolite infill from 32 metres to 154 metres.

Complete assays results from KI17-001 to the end of the hole were also received with no additional gold mineralization.

Assay results pending

Assay results from the remainder of drill program are expected in the coming weeks. A total of 1,172 metres were drilled over five holes during the 2017 summer drill program.

Drill results summary

New assay results from drilling are shown in the attached table.

Hole ID     From      To      Length        Gold
              (m)     (m)         (m)       (g/t)

KI17-002      32      42          10        2.60     
Including     32      36           4        9.90           
KI17-002      58      96          38        1.16     
Including     68      76           8        3.98           
KI17-002     150     154           4        1.20    
Including    152     154           2        4.17           

Till sampling results

Complete till sampling results have now been received. Sampling grids extending Rusty zone till sampling have identified several gold-in-till anomalies up to 390.2 parts per billion gold. Several samples were above 50 parts per billion gold and are considered highly anomalous. The dispersion of these anomalies may indicate additional sources of gold mineralization to the west and south of the Rusty zone. Previously reported till sampling results identified a new area named the Nansen target of potential gold mineralization north of Kiyuk Lake with values up to 768 parts per billion gold.

To view a new plan map and detailed section of Rusty zone and till sampling results, please visit the company's website.

Quality assurance/quality control and core sampling protocols

One-to-two-kilogram till samples collected in the field were sieved to minus 230 mesh at the Bureau Veritas Minerals laboratory in Vancouver, B.C., before being digested using a dilute aqua regia digestion of a 30-gram subsample (code AQ252) and analyzed by ICP-MS for a suite of 37 elements, including gold. Data accuracy and precision are monitored with certified reference materials submitted with the samples and field duplicates, as well as through monitoring of laboratory internal standards and pulp duplicates.

Drill core samples are bagged and sealed and submitted to SGS in Red Lake, Ont., for sample preparation. Sample preparation involves crushing two-metre lengths of split drill core to a nominal 75 per cent passing two millimetres, followed by pulverization of a 250-gram split to a nominal 85 per cent passing 75 microns. Gold analysis is completed in the SGS Red Lake lab with a 50-gram fire assay and AAS finish (code GE-FAA515). Samples returning over 10 grams per tonne gold are reassayed with a gravimetric finish (code GO-FAG505). Control samples (certified reference materials, coarse blanks and one-quarter core duplicates) were inserted on a regular basis. Laboratory internal standards, coarse crush duplicates and pulp duplicates are also monitored. Results are assessed for accuracy, precision and contamination on a continuing basis.

Qualified persons

Chris Pennimpede, PGeo, vice-president, exploration, and a director for the company, is a qualified person as defined by National Instrument 43-101. He has reviewed and verified the technical mining information provided in this release.

We seek Safe Harbor.