Mr. Carl Hansen reports

CASCADA PROVIDES UPDATE ON PROJECT ACQUISITION PROCESS

Cascada Silver Corp. has provided an update on project acquisition process, as well as terminated the Mina Guanaca property option agreement.

"Over the past months, Cascada has completed an extensive review of exploration project opportunities throughout the Andes with a particular focus on silver and advanced copper gold projects," said Carl Hansen, chief executive officer of Cascada. "Although the review process has taken longer than initially anticipated, we have identified a number of prospective opportunities and are currently in discussions with various property owners. While there can be no assurance that we will be able to successfully negotiate agreements, we are nearing our goal of establishing a portfolio of advanced exploration properties."

With respect to the Mina Guanaca Cu (copper) property, while Cascada's drilling returned positive assay results within the area of the existing open pit, upon review, the potential for economically significant tonnage at depth is considered limited. In light of this, Cascada has terminated the option agreement for Mina Guanaca.

About Cascada Silver Corp.

Cascada is a mineral exploration company focused on exploration opportunities in Chile. Cascada's team of successful exploration professionals is 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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