Cascadia Purchases the Byng and Mars Properties in Southern Yukon

Executive Summary

• Cascadia Minerals Ltd. signed an agreement to acquire 100% interests in the Byng and Mars properties in southern Yukon from Strategic Metals Ltd. for $125,000 cash plus $125,000 worth of Cascadia shares.
• The acquisition includes a 2 % NSR payable to Strategic; Cascadia has an option to purchase half of the NSR royalty for $2 million (CPI‑adjusted).
• Both properties host significant copper‑gold‑silver mineralization with historic high‑grade grab samples and drill intercepts, expanding Cascadia’s grassroots portfolio in the Stikine Terrane.

Key Details

• Consideration: $125,000 cash + $125,000 in Cascadia shares (priced at VWAP of the 15 trading days prior to closing).
• NSR: 2 % Net Smelter Royalty payable to Strategic Metals Ltd.; optional purchase of 50 % of the NSR for $2 M (adjusted by Canadian CPI).
• Closing Conditions: Subject to TSX Venture Exchange acceptance and approval from the Teslin Tlingit Council for assumption of existing exploration obligations.
• Byng Property (18 km²):
• Location: 50 km NE of Whitehorse, within TTC, TKC, KDFN territories.
• Historic work: soil sampling, prospecting, geophysics since 1986.
• Soil anomalies: up to 1,770 ppb Au, 30 ppm Ag, 3,420 ppm As, 517 ppm Cu, 69 ppm Mo.
• Grab samples: 126.9 g/t Au, 164.5 g/t Ag, 6.5 % Cu.
• Mars Property (19 km²):
• Location: 65 km N of Whitehorse, within TKC and KDFN territories.
• Historic work: soil sampling, trenching, geophysics, five diamond drill holes (1970s‑present).
• Soil anomalies: up to 1,360 ppm Cu, 485 ppb Au, 120 ppm Mo.
• Drill intercepts (highlighted):
  • 6.44 g/t Au over 4.56 m from 18.29 m (hole M4‑06).
  • 0.16 % Cu with 0.27 g/t Au over 23.07 m from 179.83 m (hole MARS‑11‑02).
  • 0.25 % Cu with 0.17 g/t Au over 14.75 m from 224.23 m (hole MARS‑11‑02).
• Strategic Rationale: Adds two copper‑gold porphyry targets, complementing Cascadia’s flagship Carmacks Project and other discovery‑stage assets in the Stikine Terrane.

Notable Quotes

• “The Byng and Mars properties complement and expand Cascadia's grassroots regional property portfolio, focused on copper‑gold porphyry exploration in the Stikine Terrane,” – Graham Downs, President and CEO, Cascadia Minerals Ltd.