Cache Exploration Clarifies Disclosure
Vancouver, August 25, 2017 - Cache Exploration Inc. (the "Company", or "Cache"), (TSX-V:CAY) announces that as a result of a review by the British Columbia Securities Commission, Cache is issuing this news release to clarify its disclosure. The Company stated that their Investor Presentations and Fact Sheets were NOT for public disclosure. The Company clarifies that this information is indeed intended for public disclosure.
The Company also stated that the information in the Investor Presentation and Fact Sheet had not been verified by a Qualified Person. The Company clarifies that the technical and scientific information found in its fact sheets and corporate presentations had been prepared under the supervision of Director and Vice President Exploration Christopher Pennimpede P.Geo., Qualified Person under NI 43-101.
The Company's website, fact sheet and Investor Presentation disclosed that the Company's primary objective is to explore for a near-surface resource on the Kiyuk Lake property stating a target number of ounces of gold that had not been confirmed as a resource.
The Company retracts these statements and any positive resource related projections about the Kiyuk Lake Property and clarifies that it cannot project exploration successes amounting to a resource estimation on the property.
The Company's website, investor presentation, fact sheet and social media platforms are being updated to reflect the above changes.
About Cache Exploration
Cache Exploration is solely focused on its Kiyuk Lake Property covering 590 square kilometers in southwest Nunavut.
Kiyuk Lake Property Highlights
-A true district play covering a majority proportion of the Proterozoic Kiyuk Basin
-12,000 meter drill database: 2008-2013
-Gold Showings over a 15 Km Strike Length
-Multiple Gold Intercepts over 3 g/t
-Four Discrete Mineralized Zones (Rusty, Gold Point, Cobalt, Amundsen)
-Significant expansion possible with five new target areas identified and ready for drilling
Chris Pennimpede, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical mining information provided in this release.
For more information about Cache Exploration, please visit: http://www.cacheexploration.com/
On behalf of the Board of Directors
"Jack Bal"
Jack Bal
Chief Executive Officer
FOR MORE INFORMATION, PLEASE CONTACT:
Jack Bal
604-306-5285
jackbal@cacheexploration.com
FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Kiyuk Lake Property: statements pertaining to the ability of Cache Exploration Inc. ("CAY"); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the availability of capital and finance for CAY to execute its strategy going forward. Forward-looking statements are based on estimates and assumptions made by CAY in light of its experience and perception of current and expected future developments, as well as other factors that CAY believes are appropriate in the circumstances. Many factors could cause CAY's results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies between actual and estimated results from exploration and development and operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key employees. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release
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