Mr. Jeffrey Ackert reports

CASCADE COPPER CLOSES FINANCING FOR SPRING EXPLORATION

Cascade Copper Corp. has closed its previously announced non-brokered private placement of units for aggregate gross proceeds of $227,750.

The offering consisted of the issuance of an aggregate of 4,555,000 units at a price of five cents per unit and was composed of one common share and one common share purchase warrant. Each full warrant is exercisable into a common share at a price of eight cents for a period of 18 months from the closing of the offering.

In connection with the offering, the company paid aggregate cash commissions to arm's-length finders, which assisted with the offering of approximately $13,060, and issued 261,200 finder's warrants, at an exercise price of five cents expiring 18 months from the closing date.

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 of Canada.

Use of proceeds

The gross proceeds from the offering 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 volcanogenic massive sulphide 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 was 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 who is registered as an investment dealer in the jurisdiction.

The company 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.

About Cascade Copper Corp.

The company 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. The company is focused on exploration, development and acquisition of quality exploration properties. More specifically, Cascade Copper'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 Copper 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.