Cascadia Minerals to issue shares for debts

Executive Summary

• Cascadia Minerals will settle change‑of‑control and other debt obligations from its August 13, 2025 acquisition of Granite Creek Copper by issuing a total of 2,703,883 Cascadia common shares.
• The settlements involve a $360,000 change‑of‑control payment to former Granite Creek CEO Timothy Johnson (half already paid in cash) and a $365,000 debt settlement to a past Granite Creek CEO, with portions paid in cash and the remainder in shares.
• All issued shares will be subject to a four‑month hold period; a follow‑up release will announce the lift date.

Key Details

• Change‑of‑Control Payment – Timothy Johnson
• Total entitlement: $360,000 ( $180,000 cash already paid).
• Remaining $180,000 to be settled in Cascadia shares at a five‑day VWAP post‑closing.

• Cascadia elected to issue 1,169,666 shares for the full balance.

• Debt Settlement – Former Granite Creek CEO

• Total consideration: $365,000.
• Cash component: $55,000 (already paid).

• Remaining $310,000 payable in cash or shares; Cascadia elected to settle $235,946 with 1,533,217 shares and pay the balance in cash.

• Share Issuance Summary

• Total new shares to be issued: 2,703,883 (1,169,666 + 1,533,217).
• Subject to TSX‑V approval.

• All shares will carry a four‑month hold period under securities law; a subsequent release will specify the exact lift date.

• Related Party Transaction Compliance

• Timothy Johnson became a Cascadia director upon closing; transaction qualifies for exemption from MI 61‑101 minority approval because it represents less than 25 % of Cascadia’s market capitalization.

• Additional Context (non‑material)

• Brief description of Cascadia’s flagship Carmacks project and discovery‑stage Catch property included for background only; no new operational or financial metrics disclosed.

Notable Quotes

(No executive quotes were provided in the release.)