Cascade Copper Announces Additional Results From Field Work at the Centrefire Copper-Gold Project

Executive Summary

• Cascade Copper released assay results from the second batch of 16 grab samples at its Centrefire Cu‑Au‑Ag project, confirming mineralization across a 10 km strike length and highlighting high‑grade zones such as CFRX028 (1.80% Cu) and CFRX036 (0.93% Cu, 0.776 g/t Au).
• Ongoing magnetic inversion modelling identified multiple disrupted magnetic trends analogous to the Main Gossan Zone (MGZ), defining new priority target areas for soil sampling, geophysics, and upcoming drilling.
• A drill permit has been submitted with approval expected in Q1 2026; the company plans a drill program targeting the MGZ and newly modelled zones, supported by further VTEM and drone‑magnetics surveys.

Key Details

• Sample Batch 2 (16 of 41 total):
• CFRX028 – 1.80 % Cu from altered mafic pillow basalt.
• CFRX036 – 0.93 % Cu and 0.776 g/t Au, located ~450 m west of CFRX028.
• CFRX002 (eastern limit) – 813 ppm Cu (0.08 % Cu), indicating mineralization over >9 km strike from MGZ.
• First Batch (13 samples, released Jan 6 2026): Up to 2.86 % Cu, 2.84 g/t Au, 29.40 g/t Ag in grab samples.
• Geophysical Findings:
• Magnetic inversion modelling shows disrupted magnetic trends at depth and near‑surface across the project, mirroring MGZ characteristics.
• Drone‑magnetics survey completed over eastern portion; a complementary VTEM survey is planned.
• Target Definition:
• MGZ confirmed as primary drill target for 2026.
• Additional “stacked” parallel magnetic zones identified up to 10 km along strike, some already yielding elevated Cu results in Batch 2.
• Drill Permit & Timeline: Permit submitted; approval anticipated Q1 2026. Drill program to follow, focusing on MGZ and newly modelled targets.
• Assay Methodology: Samples analyzed by ALS Canada Ltd. using 30 g fire‑assay fusion (Au‑ICP21) with ICP‑AES finish for Au, and a 34‑element four‑acid digest ICP‑AES method for base metals; QA/QC conforms to ISO/IEC 17025:2005 & ISO 9001:2015.
• Qualified Person: Shannon Baird, P.Geo., VP Exploration (NI 43‑101 Qualified Person) reviewed technical information.
• Management Caution: Grab samples are selective; results may not represent true underlying mineralization.

Notable Quotes

“The additional sample results from Centrefire show that mineralization is evident along the trend from the MGZ in the southwest to the extent of the project area to the northeast… The MGZ is the obvious target for drilling this year, but we are confident that there may be other similar copper, gold, and silver mineralized zones beneath the glacial till and sand along this trend.” – Jeff Ackert, President & CEO

Materiality Assessment: Material – Positive (the release provides substantive new assay data, expands the known mineralized strike length, and outlines concrete drill targets that could materially affect the company’s valuation).