Mr. Jeffrey Ackert reports

CASCADE COPPER PLANS DRILLING AT ROGERS CREEK PORPHYRY PROJECT

Cascade Copper Corp. has completed a compilation and comprehensive review of all historic data from their flagship Rogers Creek porphyry project in Southern British Columbia. Mira Geoscience was contracted to model and assimilate all the induced polarization data from previous surveys into a definitive database. All historic data have been loaded into Mira's proprietary Geoscience Analyst Software that allows for viewing in 3-D.

Target is an extensive chargeability anomaly surrounded by porphyry indicators

• Recent compilation of historic work reveals highly compelling porphyry target;
• Compilation incorporates previous drilling, geophysics including IP and magnetics, alteration mapping, and soil rock sampling;
• 1,500 metres of core drilling planned using forestry access roads.

Shannon Baird, vice-president of exploration, remarks: "Having all the previous data compiled into one database that is easily accessible and viewable in 3-D has allowed us to identify a fantastic looking chargeability anomaly that is surrounded by copper porphyry style mineralization, alteration and veining. We are extremely keen to drill this target as soon as we can."

Target 1 details

The target 1 area at Rogers Creek has been identified by eight lines of pole-dipole induced polarization surveys that were completed over several campaigns between 2009 and 2019. This compilation and modelling exercise was the first time all the IP data have been combined and modelled by 3-D inversion. This new inversion model shows two large, greater than 500 m wide, 30 ms chargeability anomalies in the centre of target 1 encompassed by a broad greater-than-two-kilometre wide, 20 ms isoshell interpreted to represent mineralized porphyry centres and their associated phyllic alteration halo. In addition to the IP, previous soil and rock sampling have returned over 500 parts per million Cu in soil and over 1 per cent Cu in rock grab samples. Geological and alteration mapping have indicated porphyry style veining with propylitic, phyllic and potassic alteration on surface. Mineralization observed in historic drill core directly correlates with the IP chargeability highs, which together with the surface mapping indicate a blind porphyritic body at target 1.

Previous drilling

Previous diamond drilling at target 1 intersected wide intervals of copper mineralization, especially when nearing chargeability highs. Several historic drill holes intersected significant intervals of gold enrichment. Drill hole MRC-007 intersected over 150 m of elevated copper including 0.172 per cent Cu over 12.3 m and WRC-002 intersected 0.2 gram per tonne Au over 120 m including 1.05 g/t Au over 13.5 m. These two holes were drilled pre-IP surveying and targeted below known surface mineralization. It is important to note that these two holes were drilled the closest to the current priority chargeability anomaly at target 1 and coincidently returned the best copper and gold values. None of the historic drilling has intersect the core of either IP anomaly and the company believes that these holes only skirted the periphery of the larger mineralized system.

Planned drilling

Cascade Copper plans to drill test the higher chargeability anomaly centres at Rogers Creek target 1 to investigate the interpreted copper porphyry system. Drilling will focus on intersecting the deeper IP anomaly centre where surface investigation has indicated D-type porphyry veins, copper mineralization and significant porphyry style alteration above and peripheral to it. As well, historic drilling has encountered copper and gold mineralization when in close proximity. A two-to-three-hole, 1,500 m program is planned and the collars for the holes will be set on existing forestry access roads allowing for higher cost-efficiency and lower impact. The drill permitting process has been initiated.

The qualified person responsible for the technical content of this press release is Shannon Baird, PGeo, vice-president of exploration of Cascade Copper.

About Cascade Copper Corp.

The corporation is an exploration-stage natural resource company engaged in the evaluation, acquisition and exploration of mineral resource properties with the intention, if warranted, of placing them into production. Cascade Copper is focused on exploration, development and acquisition of quality exploration properties. More specifically, Cascade Copper's objective is to conduct an exploration program on its flagship Rogers Creek property located in the Coast Mountain belt of British Columbia about 90 kilometres northeast of Vancouver in the Southwest mining region. Cascade Copper currently has three projects, including the Fire Mountain copper-gold project and the Bendor gold project, with its core project being the Rogers Creek copper-gold property.

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