Mr. Frederick Davidson reports

IMPACT SILVER REPORTS ADDITIONAL WIDE & HIGH GRADE DRILL INTERCEPTS AT SAN RAMON DEEPS; EXPANDS SCOPE OF MINING PLANS ON NEW SILVER VEIN

Impact Silver Corp. has released additional high-grade silver drill results from the San Ramon Deeps zone in the Royal Mines of Zacualpan project in central Mexico. Impact recently began mining this new wide, high-grade vein, which is largely responsible for the rising silver grades reporting to the mill. Results from these new drill holes are shown in the attached table.

                       SAN RAMON DEEPS DRILL RESULTS

                                                True
Hole                From       To  Interval    width     Ag     Au     Pb     Zn
No.                   (m)      (m)       (m)      (m)  (g/t)  (g/t)    (%)    (%)
               
SR14-03            90.82    92.30      1.48     1.10    369   0.26   0.56   1.76             
SR14-04            85.00    91.50      6.50     4.39    278   0.44   0.40   0.89
Including          89.30    91.50      2.20     1.49    647   1.19   0.92   1.58
MPZ-184-14        100.60   104.10      3.50     3.00    183   0.11   0.61   0.55
MPZ-185-14        141.40   144.40      3.00     1.88    203   0.08   0.30   0.94
MPZ-186-14        115.03   122.95      7.92     5.80    552   0.28   0.44   1.34
Including         118.75   122.63      3.88     2.84  1,025   0.53   0.81   2.45

The zone remains open for expansion in all directions (south, north, down dip and up dip). It is being drilled from underground drill stations at the bottom of the San Ramon mine. The next phase of drilling will begin in May, when excavation of the next step-out underground drill station at the south end of the lowest mine level, level 20, has been completed, with drill holes planned to test the zone from that station to the south, down dip and up dip.

The San Ramon mine is located five kilometres southeast of Impact's 500-tonne-per-day Guadalupe processing plant and is one of the main producing mines in Impact's Royal Mines of Zacualpan silver-gold district. Since 2006, mining of the principal vein at San Ramon has taken place over a vertical distance of 200 metres on 18 levels, with a typical length of 150 metres over a minimum three-metre mining width. Two nearby parallel veins provided supplemental production.

San Ramon Deeps mining plans

With the recent discovery of the new San Ramon Deeps zone, operations have shifted to mining of this new wide and high-grade silver vein. To date, this vein has been exposed in mine workings on levels 18, 19 and 20 over a length of 180 metres, where it continues to be open for expansion to the south, and has true widths of three metres to seven metres. The drill holes in this news release outlined the vein over a vertical distance of 10 metres to 80 metres below the current mine workings, mainly near the northern portion of the vein. (For a section of the zones and drill holes, see the San Ramon mine slide in the PowerPoint presentation on the company's website.) Impact has begun construction of an internal shaft and a second mine ramp to better access the San Ramon Deeps zone to increase monthly tonnages of high-grade silver extracted from the mine, with the aim to continue increasing overall silver grades and silver production ounces at the Guadalupe mill.

Wojtek Jakubowski, PGeo, and George Gorzynski, PEng, qualified persons under the meaning of Canadian National Instrument 43-101, are responsible for the technical content of this news release.

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