Mr. Jeffrey Ackert reports

CASCADE COPPER ANNOUNCES DRILLING COMPLETED ON ITS MAIDEN DRILL PROGRAM AT THE CENTREFIRE COPPER-GOLD PROJECT NEAR DRYDEN, NW ONTARIO

Cascade Copper Corp. has completed its maiden drilling program at the Centrefire copper-gold project, located 40 kilometres from Dryden, Ont. All five holes intersected sulphide mineralization indicative of a volcanogenic massive sulphide (VMS) environment.

"After seeing the core from all five holes at the Centrefire project, I am quite encouraged about the overall copper potential of the hydrothermal system," stated Shannon Baird, vice-president of exploration of Cascade Copper. "The amount of chalcopyrite in several zones within the holes, especially holes 03, 04 and 05, have exceeded my expectations. This was an excellent first pass, and I look forward to seeing the results from the analysis."

Project description

The 2,500-hectare Centrefire Cu-Au (copper-gold) project is located in the Wabigoon greenstone belt in Northwestern Ontario, approximately 40 kilometres northeast of Dryden and approximately 35 kilometres southwest of Sioux Lookout. It has been minimally explored in the past with 10 short (less than 75 metres vertical depth) drill holes, five surface trenches, continuous channel sampling over multimetre intervals and geophysics, both surface and airborne including magnetics and EM surveys. Phelps Dodge explored the area between 1968 and 1970, and discovered several stacked intervals of copper, gold and nickel mineralization within the majority of drill holes. Recent modern work by Cascade has confirmed surface mineralization, reinterpreted, and modelled the EM and magnetic geophysics, and defined priority drill targets from this. Note that recent surface sampling has returned values up to 2.86 per cent Cu (copper), 2.84 grams per tonne Au (gold) and 23.5 g/t Ag (silver).

What is next

Drilling has concluded at the Centrefire copper-gold VMS project, while logging and sampling continues at site with Cascade's VP of exploration, Shannon Baird, overseeing the operation. Priority sampling will continue with samples being submitted to the lab on a hole-by-hole priority basis. Initial results will be expected in six to eight weeks.

Pending results, a bore-hole electromagnetic (BHEM) survey will be contemplated to test for hidden VMS style conductors in the vicinity of the current drilling. This would lead to a follow-up phase 2 drill program that would target along strike and to depth of the best intersections.

The technical information in this news release was prepared and approved by Shannon Baird, PGeo, a qualified person as defined in National Instrument 43-101. Mr. Baird is vice-president of exploration of Cascade Copper and registered as a professional geoscientist with the Professional Geoscientists of Ontario, as well as the Engineers and Geoscientists of British Columbia.

Management cautions that core visuals and grab samples are selective in nature to begin with and are not representative of the hole or property in its entirety or indicative of any grade overall. Assay results are pending and visual identification of minerals does not guarantee economic grades. These preliminary visual observations are awaiting laboratory confirmation.

About Cascade Copper Corp.

Cascade Copper 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 mesothermal gold deposits in British Columbia, and VMS and BIF copper-, gold- and silver-style deposits in Ontario. Cascade's priority is to conduct exploration using modern technology that includes 3-D inversion modelling of geophysics, lidar (light detection and ranging) elevation models and artificial-intelligence-enhanced predictive modelling from all historic and modern data inputs. Drilling is planned on several of its copper-gold targets this year. Cascade has five projects, including the Copper Plateau copper-molybdenum project, the Centrefire copper-gold project, the Rogers Creek copper-gold project, the Fire Mountain copper-gold project and the Bendor gold-tungsten project.

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