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Mr. George A. Brown, President and CEO of Cache Exploration Inc. (TSX-V: CAY), wishes to announce that the Company has completed the annual process of reviewing all Company exploration properties with the goal of identifying which properties to abandon and write off as at the September 30, 2011 fiscal year end and which properties to continue to focus future efforts on.
The Company has made the decision to abandon and write off the Bluff Lake Property in British Columbia which was under option from Candorado Operating Company Ltd. (news release November 20, 2009), the Louil Hill Property in Newfoundland which was under option from Kulwant Malhi (news release March 5, 2010), and the Long Lake Property in New Brunswick which was under option from Arthur and Lorena Hamilton (news release June 28, 2010).
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