Year Ended	6 Months Ended June 30th 2010	Dec 31st 2009	Dec 31st 2008	Dec 31st 2007
Revenue	$6,649,349	$12,176,115	$8,907,958	$7,250,077
Net Earnings	$957,785	$1,159,661	$662,100	$286,727
Cash Flow from Operations	$2,189,172	$4,366,322	$1,733,858	$1,808,074
Cash & Cash Equivalents	$3,973,094	$5,294,881	$5,433,480	$10,144,831
EPS	$0.02	$0.02	$0.01	$0.01

EXPLORATION

IMPACT controls 272km2 of mineral concessions around the processing plant and has been aggressively exploring this large territory to develop mineral inventories for future production. Exploration has seen early success with the discovery of the Chivo Mine. Chivo was first drilled in 2006 and in less than two years was brought into production as the largest and highest grade silver producer in the district. The rapid conversion of discovery to profitable production is a hallmark of IMPACT's technical team at Zacualpan. Other results from IMPACT's exploration work on the project are described in news releases below.

For 2010, the exploration program remains aggressive and similar to 2009 and will be reviewed each quarter.

In 2006, the Company initiated a district wide compilation of the historical exploration and mining information on the total land package. The historical information is considerable, with maps occupying several rooms at the mine site. Although work on this GIS (Geographic Information System) database is ongoing, selected areas currently have a sufficient degree of completeness to direct modern exploration programs of prospecting, mapping, trenching, sampling, and drilling.

To date 1,850 historical workings have been located and entered into the GIS database with prospecting and researching old maps adding on average 10-15 more per week. Please see the following table for information as of August 11th 2009:

ZACUALPAN AND MAMATLA DISTRICTS - OLD MINE WORKINGS
TYPE OF WORKING	NUMBER
Underground Adits, Drifts and Crosscuts	720
Shafts	133
Open Pit Mines	15
Prospect Pits & Trenches	359
Unspecified Workings	47
TOTAL	1,274

Old mines noted as "LARGE" have over 500 meters of underground workings, "MEDIUM" have 50m to 500m of workings and "SMALL" less than 50m of workings. Sampling in some workings is limited due to access issues such as flooding or tunnel collapse, and these are listed under 'Workings With Partial Sampling'.
IMPACT has drill tested 205 (16%) of the 1,274 compiled historical workings.

ZACUALPAN AND MAMATLA DISTRICTS - SAMPLING AND DRILLING STATISTICS
WORKING SIZE	NUMBER OF WORKINGS COMPILED TO DATE	WORKINGS WITH COMPLETE SAMPLING	WORKINGS WITH PARTIAL SAMPLING	WORKINGS NOT SAMPLED YET	NUMBER OF WORKINGS DRILLED BY IMPACT
LARGE	99	22	20	57	15
MEDIUM	306	59	86	161	59
SMALL	537	164	126	247	84
UNKNOWN	332	18	88	226	47
TOTAL	1,274	263	320	691	205

NI 43-101 Geological and Exploration Report on The Royal Mines of Zacualpan Project

News Releases

	Tue Jul 27, 2010 Impact Silver Announces First Results From 5,000M Drill Program At Zacualpan Silver District IMPACT Silver Corp. ("IMPACT") is pleased to announce that drilling has now returned to the heart of the Royal Mines of Zacualpan Silver-Gold District in Mexico to test a number of high priority drill targets associated with old mines in an initial 5,000 meter drill program. Assays have been received from four exploratory holes at the San Ramon Mine and Santa Lucia prospect. The first two holes (Z10-01 and Z10-02) were drilled to test extensions of the San Ramon Mine, located 4.8 kilometers ... (291 KB)
	Thu May 27, 2010 Impact Silver Announces First Quarter Revenues Up 154%, Mine Operating Earnings Up 101% IMPACT Silver Corp. ("the Company" or "IMPACT") is pleased to announce the results for the first quarter ending March 31, 2010. FIRST QUARTER 2010 HIGHLIGHTS ... (32 KB)
	Thu Apr 8, 2010 Impact Silver Announces Record Net Earnings Up 75% in 2009 IMPACT Silver Corp. ("the Company" or "IMPACT") is pleased to announce the audited financial results for the Company's year ending December 31st, 2009. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's website at www.impactsilver... (31 KB)
	Tue Mar 23, 2010 Impact Silver Completes Purchase Of 200-TPD Mill At Zacatecas IMPACT Silver Corp. ("IMPACT") is pleased to announce it has completed the purchase of the 200-tonne-per-day Veta Grande processing plant in the Zacatecas Silver District of Mexico. Under terms of a comprehensive agreement, IMPACT has been carrying out due diligence work on the Veta Grande Project since 2006 and making bi-annual payments to the Plant vendor (see IMPACT new... (3 KB)
	Wed Jan 20, 2010 IMPACT Silver 2009 Mine Development and Exploration Summary IMPACT Silver Corp. ("IMPACT") is pleased to provide a summary of its 2009 new mine development and exploration activities at the Royal Mines of Zacualpan Silver District ("Zacualpan") and the adjacent Mamatla Mineral District ("Mamatla") in central Mexico. The Zacualpan and Mamatla Districts consist of a large combined 472-square-kilometer package of 100% owned mineral conc... (172 KB)
	Tue Aug 11, 2009 Impact Compiles Over 1,200 Historical Mine Workings And Successfully Launches Gis Database At Zacualpan In 2006 IMPACT Silver Corp ("IMPACT") initiated a district wide compilation of the historical exploration and mining information on the 272 km2 Royal Mines of Zacualpan Silver District and the adjacent 200 km2 Mamatla District located in the Mexican silver belt. An experienced team has been assembling and re discovering historic data over this large claim holding that has been mined for silver since the early 1500's. The historical information is considerable, with maps occupying several rooms... (10 KB)
	Tue May 26, 2009 Impact Silver Announces Record Silver Production IMPACT Silver Corp. ("IMPACT") is pleased to announce record quarterly silver production of 229,710 ounces, up 7% from 213,876 ounces in the prior quarter (ending December 31, 2008). Gross revenues for the quarter were $1,457,000 down 34% from $2,221,000 in the prior quarter. Average mill throughput during the quarter was 329 tpd (tonnes per day), up from 286 tpd in the prior quarter. Higher throughput and higher average silver grades allowed IMPACT's mining operations to be cash flow positiv... (6 KB)
	Mon Nov 24, 2008 Impact Silver Announces Record Quarterly Silver Production IMPACT Silver Corp. ("the Company" or "IMPACT") is pleased to announce record quarterly silver production of 169,273 ounces, up 98% from 85,610 ounces in 2007. Gross revenues for the third quarter were $2,244,000, up 40% from $1,604,000 in the third quarter of 2007. Higher revenues due to increased silver, lead and zinc production helped offset lower realized silver, lead and zinc prices resulting in a small net loss of $233,000 for the quarter. During the quarter, a dramatic change in co... (9 KB)
	Thu Aug 28, 2008 Impact Silver Acquires New Concessions Increasing Mineral Holdings By 45% IMPACT Silver Corp. ("IMPACT" or "the Company") is pleased to announce that it has acquired several new mineral concessions at the Royal Mines of Zacualpan Silver Project in Mexico. IMPACT purchased the Cadena and Zapote concessions from private Mexican vendors and was granted the Zacualpan Northwest concessions directly from the Mexican government. These acquisitions have expanded IMPACT's mineral holdings in the Zacualpan-Mamatla Districts by 45% to 472 square kilometers and contain signific... (6 KB)
	Thu Aug 21, 2008 Impact Silver Announces Second Quarter Earnings IMPACT Silver Corp. ("IMPACT" or "the Company") is pleased to announce its financial and operational results for the quarter ended June 30, 2008, which include the results of the Royal Mines of Zacualpan Project in Mexico. Gross Revenues for the second quarter exceeded $1.75 million and net income for the quarter was $305,000 ($0.01 per share). Year-to-date cash flow from operations is $1,749,000, up $1,705,000 from $44,000 in 2007. ... (8 KB)

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