Cascade Copper Corp. announced that they have finalized the agreement to purchase 90% of the 2,789 hectare Copper Plateau Porphyry project (the Project) located in south-central British Columbia, Canada. Cascade will issue shares worth $200,000 to affect the purchase.

The number of shares issued will be based on a 20 day weighted average from the date prior to signing this agreement. 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 161 million tonnes of ore grading 0.183% Cu and 0.049% Mo between 1970 and 1990. The geological setting is within the Quesnellia Terrain which hosts Copper Mountain (1.13Bt @ 0.22% Cu, 0.09 g/t Au, 0.64 g/t Ag Resource3)about 40km southwest of Copper Plateau and Teck's Highland Valley copper mine (M&I 1.2Bt @ 0.28% Cu, 0.01% Mo Resource4). Kodiak Copper's MPD project lies 40km west of the Project.

Project Highlights. Previous diamond drilling intersected significant intervals of copper, molybdenum, gold, and silver. BC MINFILE No 092HNE100 reports a 1996 mineral inventory estimate of 23M tonnes grading 0.161% Cu and 0.04% Mo1.(copper equivalent of 0.372% CuEq2).

Historic drilling included 94 holes by operators Anaconda, Jasper Mining, and Verdstone, with the last drill program at the Project having occurred in 2008. The database includes all drill hole data and assay results, surface geology and geochemistry, limited resistivity geophysics, a DEM, and a block model study completed in 2011 that indicates the potential size and grade of the mineral inventory at the Project. The limited drilling shows the mineralization remains open in all directions.

Acquisition Details. The final Purchase and Sale Agreement allows Cascade to purchase 90% of the Copper Plateau Copper-Moly Project by issuing $200,000 worth of Cascade units. Each unit will contain a share and a half purchase warrant.

The shares are valued at $0.093 and the company has issued 2,150,538 units for the purchase. The full warrant will vest after 12 months and be good for 3 years from issue and will be valued at a $0.15. The vendor retains a 10% interest and will contribute that amount to all exploration programs at the Project.

The vendor has significant expertise in structural interpretation and modelling and will apply this as the Project is explored. The Vendor also has the ability to maintain its ownership percentage in Cascade as defined by an accompanying Anti-dilution Agreement.