=======================================================================
      Impact Drills 1,118 G/T Silver Across 1.4 Meters At The Chivo
      Mine
=======================================================================

IMPACT Silver Corp. ("IMPACT" or "the Company") is pleased to announce
that drilling on northern extensions of the Chivo Zone has intersected
high grade silver at the Royal Mines of Zacualpan Silver Project in
Mexico.  Highlights from the new holes drilled on the northern
extension of the Chivo Zone are as follows:

--------------------------------------------------------------------------
CHIVO DRILL HOLES (MAIN VEIN - NORTH EXTENSION)
--------------------------------------------------------------------------
DRILL                TOP OF       ESTIMATED  SILVER    GOLD   ZINC    LEAD
HOLE No.       INTERCEPT (m)  TRUE WIDTH (m)   (g/t)   (g/t)    (%)     (%)
--------------------------------------------------------------------------
SECTION 1140N
--------------------------------------------------------------------------
Z08-02                117.7             1.6     166    0.06    0.49   0.20
--------------------------------------------------------------------------
Z08-04                170.4             0.9     268    0.20   22.03   7.20
--------------------------------------------------------------------------
SECTION 1190N
--------------------------------------------------------------------------
Z08-07                194.2             1.4   1,118    0.59    5.45   1.50
               -----------------------------------------------------------
                  Including:            0.7   1,745    0.91    1.57   0.36
--------------------------------------------------------------------------

These drill holes were undertaken to define the northern limits of the
high grade Chivo mineralization as well as down dip extensions.  The
holes successfully tested the Chivo Zone a further 50 meters and 100
meters north of previously reported drilling.  The mineralization
begins at depth in this part of the Chivo Zone and three holes drilled
at shallower levels did not intersect economic mineralization.  Like
the sections reported earlier, the deepest holes on these sections
reported the widest and highest grade intersections, leaving the zone
open for expansion to depth and to the north.  The Chivo Mine achieved
commercial production in early 2008 based on successful exploration
over the past two years. 

George Gorzynski, P. Eng., and Nigel Hulme, P. Geo., Qualified Persons
under the meaning of Canadian National Instrument 43-101, are
responsible for the technical content of this news release.  Drill core
was NTW size (5.71 cm diameter).  Half core samples were collected with
a rock saw and tagged for identification.  All samples were securely
stored at the Company's base camp until shipment.  A total of 5% assay
standards and 5% blanks were inserted into every sample shipment as a
quality control measure.  All samples were shipped to the ALS Chemex
preparation laboratory in Guadalajara, Mexico, where they were fine
crushed (70% passing a 2 mm screen), pulverized (85% passing a 75
micron screen) and pulp split separated for assay by a riffle splitter.
 These pulps were shipped to the ALS Chemex laboratory in North
Vancouver, Canada, where a 30 gram split of each was assayed for gold
and silver by standard fire assay and a 10 gram split was analyzed for
an additional 30 elements by ICP spectrometry.

IMPACT Silver Corp. is a profitable silver focused mining and
exploration company operating in Mexico with a producing silver
operation at the Royal Mines of Zacualpan, the 200-square-kilometer
advanced Mamatla Silver District and a portfolio of projects with an
option on a producing mill at Zacatecas.

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 has neither approved nor disapproved this news
release.

=======================================================================
Copyright (c) 2008 IMPACT SILVER CORP. (IPT)  All rights reserved.  For
more information visit our website at http://www.impactsilver.com/ or
send mailto:inquiries@impactsilver.com
=======================================================================
.