Cascade Copper Corp. announced results from a reconnaissance sampling and hyperspectral program at their 90% owned, 2,789 hectare Copper Plateau Porphyry project (the Project) located in south-central British Columbia, Canada. The results indicate a well mineralized and altered system indicative of a copper, gold, silver, and molybdenum enriched porphyry.

Project Location: The Copper Plateau Porphyry project is located in southern British Columbia, between Penticton and Princeton. It is situated south of the former Brenda Copper Mine, which produced 177 million tonnes of ore grading 0.169% Cu and 0.043% Mo between 1970 and 1990. The geological setting is within the Quesnel Terrane which hosts Copper Mountain (1.13Bt @ 0.22% Cu, 0.09 g/t Au, and 0.64 g/t Ag Resource 2) about 40km southwest of Copper Plateau and Teck's Highland Valley Copper Mine (M&I 1.2Bt @ 0.28% Cu and 0.009% Mo Resource).

Kodiak Copper's MPD project lies 40km west of the Project. 2023 Program Highlights: The 2023 program included reconnaissance prospecting, mapping, sampling, and hyperspectral analysis of samples. A total of 19 rock samples from outcrop and 10 samples of core were analysed with a TerraSpec 3 instrument.

A total of 5 grab samples were sent to ALS Minerals in North Vancouver for multi-element analysis, the results are shown in Table 1 below. The highlight of the grab sampling was Sample A0284675 which was of a newly discovered and previously unsampled, at least 30 cm wide quartz vein within a granodiorite with intergrown net texture chalcopyrite (30%), black with bluish incandescence chalcocite (20%) and Mo on fractures perpendicular to trend of the vein. The wallrock also contains disseminated chalcopyrite and limonite iron-oxide alteration.

The results of the hyperspectral analysis and field observations indicate a well defined alteration zonation with a central zone covering the location of a number of the historic drill holes. The potassic central area that is indicative of a higher temperature core of a porphyry system was determined by field observations, while the argillic, propylitic, and smectite alteration halos were defined by TerraSpec 3 analysis. Further field observations from the program also identified the Copper Plateau granitoid as a multiphased granite to granodiorite intrusive that is hosted within a large, regional, and distinct potassium feldspar megacrystic granite.

The Copper Plateau granitoid shows variations of biotite, hornblende, and magnetite content. Veining within the granitoid includes chlorite and magnetite veins, quartz sulphide veins as stringers, and dense quartz stockwork. The program results show the existence of a zoned porphyry system at Copper Plateau that has significant copper, gold, silver, and molybdenum values that are consistent with other British Columbia copper porphyry systems. This information allows the Company to confidently plan a follow-up exploration program to test the extents of the subsurface mineralization.

With the review of historic work, including, soil samples, 3D Induced Polarization (IP) surveys and airborne magnetics that builds on the copper porphyry model, the Company is planning more work in 2024. This will include relogging and hyperspectral analysis of the historic core that has been secured at a facility in Cranbrook BC and a preliminary drill program to test the depth and width extents of the expected mineralization at Copper Plateau. Sample Analysis Procedure: All rock samples collected were submitted to ALS Canada Ltd. (ALS) at their North Vancouver, BC facility for preparation and analysis.

ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Each sample had a small representative reference sample split out for storage while the remaining bulk was photographed, tagged, and bagged for analysis. Samples were analyzed using ALS's 30g Fire Assay Fusion method (Au-ICP21) with an ICP-AES finish for gold and by a 48-element four acid digest ICP-MS analysis (ME-MS61) with additional analysis for Ore Grade Elements (ME-OG62) and Ore Grade Cu (Cu-OG62).

Results were reported in parts per million (ppm) and converted to percent (%), or grams per tonne (g/t) when applicable.