Mr. Jeffrey Ackert reports

CASCADE COPPER DEPLOYS FIELD CREW TO FIRE MOUNTAIN COPPER PORPHYRY PROJECT

Cascade Copper Corp. has deployed a team of geologists to its Fire Mountain porphyry project in southwest British Columbia. The Fire Mountain copper porphyry project is a large, 79.13-square-kilometre, potential flagship project with significant surface assay results, intensive veining and impressive alteration, all highly indicative of a large porphyry-style system. The project is located approximately 13 km south of the Rogers Creek project within the Cascade magmatic arc. The field crew is focused on the Inferno zone where they will map the geology, alteration and mineralization while collecting samples for assay. The Inferno zone is the site of historic sampling where previous surface samples returned values up to 4.10 per cent copper (Cu), 14.96 grams per tonne (g/t) gold (Au) and 65 g/t silver (Ag). The project is underexplored, has had no ground geophysics (IP (induced polarization)) and has not been drilled.

Shannon Baird, Cascade Copper's vice-president of exploration, remarks: "We have been very eager to get boots on the ground at Fire Mountain, not only because of the outstanding historic assay results, but also because of the extraordinary veining and alteration we've seen, particularly at the Inferno zone. This zone is trending along the contact of the Rogers Creek pluton and, from the recent 3-D interpretation, looks to extend for over eight kilometres."

Two thousand twenty-three field exploration program

The recently deployed field crew will focus their efforts on the Inferno zone, where they will map and sample a wide area of veining and alteration identified by Cascade Copper's geologists during several recent field visits. The Inferno zone is characterized by hydrothermal veining with alteration and mineralization within the Cretaceous-aged Gambier group volcanic breccias and sediments adjacent to the contact with the Miocene-aged Rogers Creek pluton.

Magnetic inversion modelling of airborne magnetic data has revealed a strong correlation between mineralization and structure at Fire Mountain. The Inferno zone contains two closely spaced, highly magnetic zones in a northwest-southeast direction that are spatially related to the contact with the Rogers Creek pluton, and a significant shear structure manifested by fissile and rusty volcanic sediments.

The 3-D modelling indicates a large magnetically susceptible body at depth directly below the Inferno zone and its along-strike extensions. This magnetic body is interpreted to represent magnetite alteration associated with a porphyry body and will be the focus of future IP geophysical testing.

Other mineralized zones at Fire Mountain

MolyCop and Mag-Low zones: The 3-D inversion has also indicated some low magnetic areas associated with a large structural intersection zone within the Rogers Creek pluton. This area is known as the MolyCop zone and was originally recognized as a target from soil sampling across the area. The soil samples indicated wide zones of significant Cu-Mo-Au-W-Bi (copper-molybdenum-gold-tungsten-bismuth) porphyry pathfinder elements, and now with the magnetic data indicating potential porphyry-style, magnetite destructive alteration, this elevates the MolyCop zone to a high-priority target for further investigation. The minimal prospecting and sampling in the area discovered multiple showings of copper-molybdenum mineralization along new logging roads. Molybdenite plus/minus chalcopyrite are observed in veins, and on fractures and joint planes, with values up to 1.56 per cent Cu, 3.84 g/t Au, 75 g/t Ag, and 241 parts per million (ppm) Mo in grab samples.

Money Spinner vein zone

Historic chip sampling of the northwest-trending, approximately 1.2 m wide by 300-plus m long, ribboned epithermal quartz Money Spinner vein assayed 26.25 g/t Au, while another parallel vein system approximately 200 m east assayed 13.63 g/t Au. The Money Spinner vein was mined in the last century with very little modern exploration work performed. The strike of the Money Spinner vein is parallel to the Fire Creek thrust fault, a major structure through the project area. Further sampling and mapping are planned at this prospect to determine strike length, vein density and grade.

References for historical data

Please note that all assay values contained within this release are from previous operators considered to be historical in nature, and have not been independently verified by Cascade Copper. The values have been extracted from publicly available government resources, including assessment reports and MinFile inventory details, and it is unknown what type of quality control programs were performed at the time.

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

Next steps at Fire Mountain

Cascade Copper will be planning several lines of induced polarization geophysics to outline subsurface zones of potential sulphide enrichment and establish priority drill targets at the Inferno zone. The company will also be prospecting and sampling at the MolyCop zone to confirm evidence of a porphyry source for the copper, molybdenum, gold and silver mineralization. Although not much work has been done at the Money Spinner zone, the company is anticipating sampling the vein systems there as well.

About Cascade Copper Corp.

The corporation is an exploration-stage natural resource company engaged in the evaluation, acquisition and exploration of copper-based mineral resource properties. Cascade is focused on copper and gold porphyry and epithermal deposits in British Columbia. Cascade's priority is to conduct exploration, including drilling on its flagship Rogers Creek property located in the Coast Mountain belt of British Columbia, 90 kilometres northeast of Vancouver. Cascade currently has three active projects, including the Fire Mountain copper-gold project, the Bendor gold project and the flagship Rogers Creek copper-gold project. It has recently signed a letter of intent to purchase 90 per cent of the Copper Plateau copper porphyry project located in south-central B.C.

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