IMPACT Silver Corp. (“IMPACT” or the “Corporation”) (TSX VENTURE:IPT) is pleased to announce that it has completed the third tranche of the brokered private placement (the “Private Placement”) announced on May 20, 2016. The third tranche raised $1,375,011 by issue of 2,412,300 Units (each a “Unit”) at a price of $0.57 per Unit. The Corporation also issued 88,000 Units directly to a purchaser, for gross proceeds of $50,160. To date, the Corporation has raised aggregate proceeds of $4,751,235 by the issue of 8,335,500 Units. Each Unit consists of one common share and one-half of one warrant. Each whole warrant (each a “Warrant”) entitles the holder to purchase one common share (each a “Share”) per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.