Cascadia closes acquisition of Byng and Mars properties

Executive Summary

• Cascadia Minerals Ltd. has closed the acquisition of the Byng and Mars properties in southern Yukon from Strategic Metals Ltd.
• The transaction consideration consisted of $125,000 in cash and 500,000 shares valued at $0.25 per share, subject to a four-month hold period.
• Strategic Metals retains a 2% Net Smelter Return (NSR) royalty on the properties, with an option for Cascadia to buy back half of this royalty for $2 million.

Key Details

• Transaction Closure: Cascadia Minerals Ltd. completed the purchase of the Byng and Mars properties from Strategic Metals Ltd.
• Property Details:
  • Byng Property: Comprises 90 claims.
  • Mars Property: Comprises 93 claims.
  • Location: Southern Yukon.
• Consideration Structure:
  • Cash: $125,000 CAD.
  • Equity: 500,000 Cascadia shares valued at $0.25 CAD per share.
  • Hold Period: The consideration shares are subject to a four-month hold period ending July 25, 2026.
• Royalty Terms:
  • Strategic Metals was granted a 2% NSR royalty on the acquired properties.
  • Cascadia holds the option to purchase 50% of this NSR royalty for $2 million.
  • The Mars property is subject to a pre-existing 1% NSR royalty on the DDH 1-16 claims held by Allan Doherty.
• Transaction Status:
  • Classified as a non-arm's-length transaction due to a common director (Bruce Youngman).
  • Mr. Youngman was not involved in the negotiation or approval.
  • The transaction is reviewable under TSX Venture Exchange policies but is not a related party transaction subject to Policy 5.9 or Multilateral Instrument 61-101.
  • No finders' fees were payable.
• Additional Corporate Activity:
  • Cascadia entered into a 12-month advertising and investor awareness campaign with Dig Media Inc. (Investing News Network) effective March 23, 2026.
  • Total cost of the campaign is $46,800, payable in quarterly installments of $11,700.
  • The agreement is subject to TSX-V approval.

Notable Quotes

• None provided in the text.