Impact Silver Corp (ISVLF)

[sumisu]

IMPACT Announces Operating Earnings of $358,000

Friday November 23, 2:17 pm ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2007) - IMPACT Silver Corp. (TSX VENTURE:IPT - News; "IMPACT" or "the Company") is pleased to announce its results for the quarter ended September 30, 2007. The Company's consolidated financial statements include the results of Royal Mines of Zacualpan Project ("Zacualpan") that was purchased on January 16, 2006 and resumed production on January 18, 2006.

Results for the quarter reflected slightly lower revenues, $1,603,907 compared to $1,676,896 in the prior quarter, due to third quarter weakness in silver and zinc prices. The Company was able to further reduce operating costs per tonne to $38.34 with the result that mine operating earnings were $358,117 or only $14,749 lower than the second quarter.

After recording foreign exchange adjustments of $394,086 and a stock-based compensation expense of $140,986, the Company incurred a small loss for the year to date of $68,344 compared to a profit of $242,404 for 2006. The loss for the quarter was $287,322 ($0.01 per share) after stock-based compensation expense of $140,986 and foreign exchange losses totalling $175,608.

In the third quarter of 2007, IMPACT increased the throughput at the Zacualpan mill averaging 296 tonnes per day ("tpd") for the quarter as part of the program to bring production up to the current mill's capacity of approximately 500 tpd. Programmed underground development for the last nine months resulted in higher production of lead and zinc, while silver grades generally have declined. Commencing in late fall, development production from El Chivo and in early 2008 the San Ramon mines are expected to improve silver throughput.

Quarterly Comparison (t equals tonnes)

[continued in following link]

http://biz.yahoo.com/ccn/071123/200711230427524001.html?.v=1