IMPACT Silver Corp. Intersects New High Grade Silver Vein at Depth at San Ramon; Expands Scope of Deep Mining Plans

Intersections include 1,163 g/t silver over 1.81 meters within 393 g/t Silver over 6.67 meters

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) - Impact Silver Corp. ("IMPACT") (TSX VENTURE:IPT) is pleased to announce discovery of two new high grade veins in underground holes drilled from the bottom levels of the San Ramon Mine. The discovery of these new veins below the deepest mine workings will extend mine life and indicates potential for discovery of additional mineral resources at depth. Results from these new drill holes include the following:

SAN RAMON DRILL RESULTS

These new high grade veins begin to appear below the deepest current mine workings and are located less than 20m from the principal vein in the mine. The new veins are open for expansion to depth and along strike. Preparations for additional drilling are in progress and further drill results will be announced as they are received and interpreted.

The San Ramon Mine is located five kilometers southeast of IMPACT's 500 tpd (tonnes-per-day) Guadalupe processing plant and is one of the main producing mines in IMPACT's Royal Mines of Zacualpan Silver-Gold District of central Mexico. Since 2006, mining of the principal vein at San Ramon has taken place over a vertical distance of 200 meters on 18 Levels with a typical length of 150 meters over a minimum three-meter mining width. Two nearby parallel veins provide supplemental production. Mine plans now are to shift the focus of deeper mining at San Ramon to these new higher grade veins.

Wojtek Jakubowski, P. Geo. and Nigel Hulme, P. Geo., Qualified Persons under the meaning of Canadian National Instrument 43-101, have reviewed the technical content of this news release.

Impact Silver Corp. owns two processing plants within its 100% owned 623-square-kilometer land package in south-central Mexico: the Guadalupe Production Centre and the Capire Processing Plant. At Guadalupe, three underground silver mines feed the central 500 tpd processing plant located within the historic Royal Mines of Zacualpan Silver District. At Capire, the 200 tpd processing plant is being adapted to process gold and copper mineralization from the Carlos Pacheco/San Juan Project. Additional information about IMPACT and its operations can be found on the Company website at www.IMPACTSilver.com.

On behalf of Impact Silver Corp.

Frederick W. Davidson, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement.