Mr. Jeffrey Ackert reports

CASCADE COPPER CLOSES TRANSACTION ON CENTREFIRE COPPER-GOLD PROJECT OPTION

Cascade Copper Corp. has closed on the option agreement to acquire 100 per cent of the 869-hectare Centrefire copper and gold project, located approximately 40 kilometres northeast of Dryden, Ont., Canada. Pursuant to the terms of the option agreement dated October 17, 2023 (the " Agreement "), the Company will earn its interest over a 3 year period by issuing cash and shares to the Vendor. The vendor will retain an NSR interest with a portion of it available for purchase by the Company. See Press Release dated October 18, 2023 for details on the project and agreement.

Project Location

The Centrefire Project is located in the Wabigoon Greenstone Belt in Northwestern Ontario, ~40 kilometers northeast of Dryden and ~35 kilometers southwest of Sioux Lookout. Access is afforded by Ontario Highway 72 running north of the TransCanada Highway and then by all season forest access roads that crisscross the area. It would be possible to drill the Centrefire Project during the winter months and Cascade is planning to drill as soon as permitting is completed. A high tension powerline cuts across the project area. The geology is predominately mafic metavolcanic flows/pillows adjacent to felsic and intermediate metavolcanics and volcaniclastics. Iron Formations (IFs) are prevalent in the area and the airborne magnetic signatures indicate two prominent features that would suggest they transect the Project. It is believed that a regional shear zone follows the trend of these highly magnetic units and contributes to the distribution of mineralization at Centrefire.

Next Steps at Centrefire

Cascade will start the application for a drilling permit at Centrefire and complete its compilation of historic work to help detail the planned drill target locations. Cascade will also apply for the anticipated upcoming 2024 OJEP grant for an expanded geophysics, modelling, and follow-up drill program of newly generated targets.

About Cascade Copper

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 five projects, including the Centrefire Copper Project, the Copper Plateau Copper-Moly Project, Fire Mountain Copper-Gold Project, the Bendor Gold Project, and the flagship Rogers Creek Copper-Gold Project.

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