IMPACT Silver Corp. Announces Commencement of Construction at the Capire Open Pit Silver Mine

IMPACT Silver Corp. ("IMPACT" or "the Company") is

very pleased to announce that construction of the new Capire Open Pit

Silver Mine ("Capire") has now commenced. Capire represents

a new production center in a new mining district and an opportunity

that, upon successful completion of the proposed exploration and

development programs, would propel IMPACT to become a multimillion

ounce silver producer. Capire is located in the Mamatla Mineral

District, 16 kilometers southwest of IMPACT's active mining and

processing operations at the Royal Mines of Zacualpan Silver District,

Mexico.

With recent success receiving the final permits that are necessary to

commence mining activities, IMPACT's mine development team has begun

construction at Capire that includes:

-Immediate start of site preparation work, including road and

infrastructure upgrades.

-Commencement of pre-stripping and tailings pond development.

-Installation of the 200 tonne-per-day ("tpd") pilot plant.

-Arrangements of initial silver-lead-zinc concentrate shipments to the

smelter in late 2012.

On site, surface rights for all mining areas, including the tailings

dam and the processing plant, have been secured. Condemnation drilling

under the plant site, the tailings dam and rock waste piles have also

been completed and subsurface water monitoring wells are currently in

place and collecting data. Arrangements have been finalized with the

national electricity company (Comision Federal de Electricidad) to

construct a 30-kilometer high voltage electric power line to the site,

which will supply IMPACT with the sufficient electrical capacity to

accommodate plans for future production expansion at Capire.

These initial operations will be used to optimize mining and

processing parameters in preparation for future construction of a

larger production operation at Capire, with the potential to host an

800- to 1,500-tpd processing plant. The initial 200-tpd pilot plant

operation is designed to test metallurgical recoveries on a commercial

scale; provide detailed information on mining costs; and, optimize

mining and processing methods toward construction of a larger

operation. The starter open pit will be excavated on the western

portion of the Capire Zone to access near surface higher grade

silver-zinc-lead (copper-gold) volcanogenic massive sulphide

mineralization (VMS).

NI43-101 compliant Measured and Indicated Mineral Resources at Capire

currently total 7.2 million ounces silver, 30,446 ounces gold, 95.6

million lbs zinc and 37.2 million lbs lead (see IMPACT news release

dated February 1, 2011). Subsequent drilling (6,698 meters) has

expanded the Capire Zone to the north, east and southeast beyond the

limits of these previously defined Mineral Resources (see IMPACT news

releases dated May 24, 2011 and August 17, 2011).

IMPACT is also pleased to announce that it has appointed Meghan Brush

to the position of Investor Relations. Subject to regulatory approval,

IMPACT has issued Ms. Brush an option under IMPACT's stock option plan

to purchase 10,000 of its common shares at the price of $1.85 per

share, for a period of five years from September 27, 2011.

George Gorzynski, P. Eng., Vice President, Exploration and Director of

IMPACT Silver Corp., and a Qualified Person under the meaning of

Canadian National Instrument 43-101, is responsible for the technical

information in this news release. The Capire mineral resource

estimates in this news release were taken from a technical report

(posted on www.sedar.com ) by Claus G. Wiese, P.Eng. of I-Cubed LLC,

an independent professional engineer.

IMPACT Silver Corp. is a profitable, silver-focused mining and

exploration company operating in Mexico with producing silver mines at

the 423-square-kilometer Royal Mines of Zacualpan, the adjacent

200-square-kilometer advanced Mamatla Mineral District including the

Capire Open Pit Silver Mine, and an option agreement for a share

position in Defiance Silver Corp. (DEF:TSX-V) in return for IMPACT's

200-tpd processing plant and mineral concessions in the Zacatecas

Silver District. Additional information including maps of IMPACT's

projects can be found on the Company website at www.IMPACTSilver.com .

On behalf of the Directors of IMPACT Silver Corp.,

"Frederick W. Davidson"

President, CEO

For further information, please contact:

Meghan Brush, Investor Relations

(604) 681 0172 or via email at inquiries@impactsilver.com

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 are 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.

1100-543 Granville StreetTelephone 604 681-0172

Vancouver, BC, Canada V6C 1X8Facsimile 604 681-6813

www.IMPACTSilver.cominquiries@IMPACTSilver.com

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