Mr. Jack Bal reports

CACHE EXPLORATION CLOSES NON-BROKERED PRIVATE PLACEMENT

Cache Exploration Inc. has closed its previously announced financing raising an aggregate of $738,600, through the sale of 9,232,500 units at eight cents consisting of one common share and one common share purchase warrant at 10 cents per share for two years from closing.

All of the securities to be issued are subject to a four-month-plus-one-day statutory hold period and are subject to receipt of approval of regulatory authorities, including the TSX Venture Exchange.

About Cache Exploration's Kiyuk Lake gold property

The Kiyuk Lake property covers 590 square kilometres in Southwest Nunavut.

The 2017 drill program confirmed and extended a known target and discovered significant gold mineralization at a new target.

At Rusty zone, Cache not only confirmed that mineralization extends to 200 metres below surface but also intersected a previously unknown high-grade phase of eight metres of 26.4 grams per tonne gold. At the same time, the company discovered extensive mineralization at East Gold Point with 64 metres at 1.46 g/t gold.

The company prospecting returned two gold samples above five g/t and the company's till campaign isolated two new anomalous areas that offer compelling evidence for further possible discovery.

2017 drilling highlights

• KI17-004 at Rusty zone returned;
• 122 m at 1.8 g/t gold from 188 m down-hole in the Rusty zone;
• KI17-005 at newly discovered East Gold Point zone intersected:
• 64 m at 1.5 g/t gold from 35 m;
• 10 m of 6.5 g/t gold from 248 m;
• Prospecting samples returned:
• 5.57 g/t gold from west of the Rusty zone;
• 5.6 g/t gold grab sample from north of Kiyuk Lake and 1.1 km from the newly identified Nansen target area.

Chris Pennimpede, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and verified the technical mining information provided in this release.

We seek Safe Harbor.