Cascada Provides Update on Project Acquisition Process

Executive Summary

• Cascada Silver Corp. provided an update on its ongoing review of exploration opportunities in the Andes and indicated progress toward building a portfolio of advanced‑stage projects.
• The company terminated its option agreement for the Mina Guanaca Cu Property after concluding that deeper, economically significant tonnage is limited despite positive assay results from existing open‑pit drilling.

Key Details

• Review of exploration project opportunities across the Andes focused on silver and advanced copper‑gold targets.
• Cascada is in discussions with multiple property owners to acquire prospective assets; no specific agreements have been finalized yet.
• Mina Guanaca Cu Property: positive assay results were obtained from drilling within the existing open pit, but deeper potential was deemed limited.
• Consequently, Cascada terminated its option agreement for the Mina Guanaca property.

Notable Quotes

“Over the past months, Cascada has completed an extensive review of exploration project opportunities throughout the Andes… While 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.” – Carl Hansen, CEO, Cascada Silver Corp.