Mr. Jeffrey Ackert reports

CASCADE COPPER ANNOUNCES FINANCING FOR SPRING EXPLORATION

Cascade Copper Corp. has arranged a non-brokered private placement for aggregate proceeds of up to $300,000 for its initial 2024 exploration program.

The offering comprised up to six million units at a price of five cents per unit for gross proceeds of up to $300,000. Each unit comprised one common share and one common share purchase warrant, with each full warrant exercisable at an exercise price of eight cents for a term of 18 months after the closing.

In connection with the issue and sale of the units under the offering, the company may pay finder fees and finder warrants to eligible finders at the discretion of the board of directors.

The gross proceeds will be used for the initial 2024 exploration program with details of the entire program disclosed in the Feb. 15, 2024, release, as well as for general working capital purposes. The initial exploration work will comprise drill target confirmation on the Fire Mountain copper-gold porphyry project in British Columbia, drill target selection at the Centrefire copper VMS project in Ontario and completion of the 3-D compilation at the Copper Plateau copper-molybdenum project, also in British Columbia. Drill targets have been selected at the company's flagship Rogers Creek copper-gold porphyry project and the company is currently waiting for permit approval from the B.C. Ministry of Energy, Mines and Low Carbon Innovation.

The existing shareholder exemption and investment dealer exemption

The offering will be made available to existing shareholders of the company who, as of the close of business on March 1, 2024, held common shares of the company (and who continue to hold such common shares as of the closing date), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 -- Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders and in similar instruments in other jurisdictions in Canada. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the company receives subscriptions from investors relying on the existing shareholder exemption exceeding the maximum amount of the financing, the company intends to adjust the subscriptions received on a pro rata basis.

The company has also made the offering available to certain subscribers pursuant to B.C. Instrument 45-536 -- Exemption Form Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance with the requirements of the investment dealer exemption, the company confirms that there is no material fact or material change about the company that has not been generally disclosed.

The offering is subject to all necessary regulatory approvals including acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

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, the Fire Mountain copper-gold project, the Bendor gold project and the flagship Rogers Creek copper-gold project.

We seek Safe Harbor.