Mr. Carl Hansen reports

CASCADA'S PHASE II DIAMOND DRILLING PROGRAM INTERSECTS PORPHYRY MINERALIZATION AT THE ANGIE CU/MO PROJECT

Cascada Silver Corp. has successfully completed the phase II diamond drilling program at its Angie copper-molybdenum property, located 85 kilometres east southeast of the city of Copiapo, Chile.

The final hole of the phase II drilling program, DAAS-05, intersected a mineralized dioritic porphyry complex with variable amounts of pyrite and chalcopyrite disseminated throughout and occurring locally in veins, veinlets and along fractures. The porphyry complex is spatially associated with an induced polarization (IP) chargeability high coinciding with a magnetic low, which, when combined, provide an exploration target measuring 1,300 metres by 550 metres.

Drill holes DAAS-03 and DAAS-04 targeted the extensive molybdenum geochemical anomaly occurring along the eastern margin of the chargeability anomaly. Both drill holes intersected altered rhyodacite porphyry cut by minor quartz molybdenum veins and veinlets with locally minor pyrite and trace chalcopyrite. The last 200 metres of DAAS-04 cut an altered dioritic porphyry complex similar to that intersected by DAAS-05 although mineralized to a lesser degree.

"The completion of the phase II diamond drilling program marks a significant step forward in our exploration efforts at Angie. Not only have we discovered a mineralized porphyry complex, we have developed a clearer understanding of the geological controls shaping the system," said Carl Hansen, Cascada's president and chief executive officer. "While we initially considered that the extensive molybdenum anomaly was overlying a porphyry system, it is clear that the molybdenum occurs along the eastern flank of a mineralized dioritic porphyry complex. This porphyry complex, which hosts variable sulphide mineralization, primarily pyrite with minor chalcopyrite, is spatially associated with a chargeability high and magnetic low, which, when combined, provides a clear, 1,300-by-550-metre, high-priority, high-tonnage target for our next drill program. All drill core samples have been submitted to the assay lab and assays should be available in four to six weeks."

Drill hole summaries

Cautionary note: While visible copper-bearing and molybdenum-bearing sulphides have been observed in the diamond drill core from the phase II Angie drill program, there can be no assurance that economically viable quantities of metals are present. Assaying is necessary to determine the grade and no grades should be inferred from the disclosures made in this press release.

DAAS-05 targeted a strong IP chargeability high coinciding with a magnetic low. The hole was collared into an altered rhyodacite porphyry cut by microdiorite and diorite porphyry dikes. At 193 metres downhole, the hole entered into an altered dioritic porphyry complex, dominated by porphyritic to phaneritic diorite, cut by fine-grained microdiorite units, which continued to the end of the hole at 551 metres. Within the dioritic complex, sulphides (primarily pyrite with lesser chalcopyrite) occur as disseminations, fracture fillings, and locally in veins and veinlets. Alteration varies from moderate to intense potassic (biotite, chlorite, magnetite, plus or minus potassium feldspar and plus or minus epidote).

DAAS-04 was drilled to test the high-grade core of the molybdenum geochemical anomaly. The drill hole was collared into a rhyodacite porphyry overprinted by moderated to intense chlorite magnetite alteration with trace to minor disseminated pyrite and cut by quartz molybdenite veins and veinlets. Below 300 metres, intense potassic alteration (chlorite, biotite and magnetite with potassium feldspar) dominates with trace to locally minor disseminated and fracture-controlled pyrite and chalcopyrite, along with quartz molybdenite vein and veinlets. Below 400 metres, the rhyodacite porphyry is cut by microdiorite intrusives, and, at 460 metres, the hole entered a diorite porphyry complex, possibly the same complex intersected by DAAS-05. The diorite complex is dominated by diorite porphyry cut by microdiorite dikes with trace to minor disseminated pyrite and chalcopyrite as well as sulphide veins and veinlets. DAAS-04 continued in the diorite complex to the end of the hole at 611 metres.

DAAS-03 was drilled to test the extension of an eight-metre interval grading 1,208 parts per million molybdenum returned at the end of drill hole AAS-02 (see Cascada press release dated Nov. 20, 2024). DAAS-03 cut rhyodacite porphyry similar to that encountered in the upper portion of DAAS-04, cut by dioritic dikes and xenoliths. Intense potassic (biotite potassium feldspar) alteration overprinted by chlorite and magnetite was observed. Quartz veins and veinlets with minor molybdenite were observed throughout the drill hole. Below 300 metres, occasional pyrite veins, veinlets and fracture fillings with minor pyrite and trace chalcopyrite were observed, along with quartz molybdenite veins. The drill hole was completed at 487 metres.

National Instrument 43-101 technical disclosure

The qualified person, as defined by NI 43-101 of the Canadian Securities Administrators, for Cascada's exploration activities in Chile is Sergio Diaz, a resident of Santiago, Chile. Mr. Diaz is a public registered person for reserves and resources (No. 51) in Chile and he is also registered in the Colegio de Geologos de Chile under No. 315.

About Cascada Silver Corp.

Cascada is a mineral exploration company focused on exploration opportunities in Chile. Cascada's team of successful exploration professionals are dedicated to the discovery of mineral deposits that can be progressed into economically viable development projects, creating value for all stakeholders.

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