Mr. Jeffrey Ackert reports

CASCADE COPPER CLOSES PURCHASE OF COPPER PLATEAU PORPHYRY PROJECT IN SOUTH-CENTRAL BC

Cascade Copper Corp. has closed the purchase of a 90-per-cent interest in the 2,789-hectare Copper Plateau porphyry project located in south-central British Columbia, Canada. Pursuant to the terms of a purchase and sale agreement dated Sept. 28, 2023, with Tuktu Resources Ltd., the project was acquired for $200,000, which was satisfied via the issuance of 2,150,538 units of Cascade at an issue price of 9.3 cents per unit.

Each unit consists of one common share and one-half purchase warrant, with each full warrant exercisable at 15 cents within 36 months from the date of issue. Under the agreement, the company has issued an aggregate of 2,150,538 common shares and 1,075,269 warrants. The warrants will not vest and are not exercisable until Sept. 28, 2024. Pursuant to the agreement, Tuktu has retained a 10-per-cent interest in the project and will contribute that amount to all exploration programs on the project.

Pursuant to the agreement, the parties have executed an anti-dilution agreement dated Oct. 12, 2023, which provides Tuktu with the right but not the obligation to subscribe for and purchase, at the same price per additional security, that number of additional securities necessary to ensure that Tuktu maintains fully diluted ownership in Cascade of up to a maximum of 9.9 per cent of Cascade's fully diluted shares.

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 is focused on exploration, development and acquisition of quality exploration properties. More specifically, Cascade'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 currently now has four projects, including the Copper Plateau copper-moly project, Fire Mountain copper-gold project, the Bendor gold project and the flagship Rogers Creek copper-gold project.

We seek Safe Harbor.