Mr. Jeffrey Ackert reports

CASCADE COPPER REPORTS FIELD PROGRAM RESULTS FROM THE FIRE MOUNTAIN COPPER-GOLD PORPHYRY PROJECT

Cascade Copper Corp. has received assay results and a report from a field program at the Fire Mountain copper-gold porphyry project in southwestern British Columbia. The results show consistent copper, gold and silver mineralization over a minimum strike length of two kilometres at the Inferno zone. The zone is open to the northwest and southeast, and parallels the contact with the Rogers Creek pluton. The field crew that mapped and sampled at Fire Mountain were focused on the central Inferno zone, where historic sampling 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) or EM (electromagnetic)) and has never been drilled.

Shannon Baird, Cascade Copper's vice-president of exploration, remarks: "Our 2023 field season at Fire Mountain has confirmed the outstanding mineralization at the Inferno zone, as well as given us a better understanding of the geology, alteration and veining. The presence of chalcopyrite, pyrite, malachite, azurite and magnetite, and the relationship with alteration and vein assemblages, gives us affirmation of a strong copper porphyry system and will help us plan the next phase of exploration at Fire Mountain."

Fire Mountain project location

The Fire Mountain copper-gold 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 hydrothermal system. The project is located approximately 13 km south of the corporation's Rogers Creek project within the Cascade magmatic arc.

Two thousand field exploration results

In total, 71 rock grab and channel samples were collected during the reconnaissance program and submitted for assay. Of those 71 samples, 15 returned assay values greater that 0.03 per cent copper and/or 0.1 g/t Au, with eight of those 15 returning greater than 0.1 per cent copper and/or 0.3 g/t Au (see the table entitled "Noteworthy results from the 2023 field season").

The samples from this field program also underwent hyperspectral analysis, using visual/near-infrared (VNIR) and short-wave infrared (SWIR) portions of the electromagnetic spectrum. Hyperspectral identification of fine-grained phyllosilicates, clays and carbonate minerals will help distinguish the types of porphyry-related alteration associated with the Inferno zone at Fire Mountain. The results and report are pending, and will be available in the near future.

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. It 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.

Sample analysis procedure

All rock samples collected were submitted to ALS Canada Ltd. at its North Vancouver, B.C., facility for preparation and analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Each sample had a small representative reference sample split out for storage while the remaining bulk was photographed, tagged and bagged for analysis. Samples were analyzed using ALS's 30-gram fire assay fusion method (Au-ICP21) with an ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish for gold, and by a 48-element four-acid digest ICP-MS (inductively coupled plasma mass spectrometry) analysis (ME-MS61), with additional analysis for ore-grade elements (ME-OG62) and ore-grade copper (Cu-OG62). Results were reported in parts per million (ppm) and converted to percentages or grams per tonne when applicable.

Note: Some assay values contained within this release are from previous operators, and considered to be historical in nature, and have not been independently verified by Cascade Copper. The values have been extracted from publicly available sources, including assessment reports. The qualified person (QP) has reviewed the historical data and considers it valid.

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

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, in the Southwest mining region. Cascade currently 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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