Vancouver, British Columbia–(Newsfile Corp. – October 7, 2020) – IMPACT Silver Corp. (TSXV: IPT) (OTC Pink: ISVLF) (“IMPACT” or the “Company”) announces that it has executed an arm’s length Letter of Intent to option the Nuevo Taxco Project (the “Property”) to Red Oak Mining Corp. (TSXV: ROC.H) (“Red Oak”) under which Red Oak will undertake exploration of a portion of IMPACT’s very large land position in Mexico.