Mr. Jeffrey Ackert reports

CASCADE COPPER CLOSES FIRST TRANCHE OF CRITICAL MINERAL FLOW-THROUGH AND NON-FLOW-THROUGH FINANCING

Cascade Copper Corp. has closed the first tranche of its previously announced non-brokered private placement of units for aggregate gross proceeds in this tranche of $352,444.92. The company has received strong interest in the offering and expects to close a second tranche in the coming weeks.

The first tranche of the offering consisted of the issuance of an aggregate of 1,286,000 critical mineral flow-through units at a price of seven cents per FT unit, and 4,771,362 non-flow-through units at a price of 5.5 cents per NFT unit.

Each FT unit consists of one common share issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one non-flow-through common share purchase warrant. Each NFT unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one common share of the company at an exercise price of 10 cents for a period of 36 months from the closing date of the offering.

The offering remains subject to all necessary regulatory approvals, including acceptance by the Canadian Securities Exchange (the CSE). All securities issued in connection with the offering will be subject to a four-month hold period from the applicable closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The offering is being made by way of private placement in Canada and such other jurisdictions as the company may determine. Following completion of this first tranche, the company has 70,921,859 common shares issued and outstanding.

Subscribers in the offering included certain insiders of the company. The issuance of units to the insiders constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions. The company is relying on the exemptions from the formal valuation requirement and minority shareholder approval requirement under subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, in respect of the insider participation in the offering, as the fair market value of the units subscribed for by the insiders does not represent more than 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.

The gross proceeds from the sale of the FT shares will be used to incur eligible Canadian exploration expenses that are intended to qualify as flow-through critical mineral mining expenditures, each as defined in the Income Tax Act (Canada). The qualifying expenditures will be used primarily to finance drilling and exploration at the company's critical minerals projects in British Columbia and Ontario. The gross proceeds from the sale of the NFT units will be used for general corporate and working capital purposes.

The company intends to renounce the qualifying expenditures to subscribers of the FT units with an effective date no later than Dec. 31, 2026, and to incur the qualifying expenditures on or before Dec. 31, 2027, in accordance with the requirements of the Income Tax Act (Canada).

In connection with the offering, the company paid aggregate cash commissions of $4,334.00 to one arm's-length finder and issued 78,800 finder warrants. Each finder warrant is exercisable to acquire one common share of the company at an exercise price of 5.5 cents for a period of 24 months from the closing date of the offering.

The existing shareholder exemption and investment dealer exemption

The offering was made available to existing shareholders of the company who, as of the close of business on May 27, 2026, held common shares of the company and continued to hold such common shares as of the closing date, pursuant to the prospectus exemption set out in B.C. Instrument 45-534 -- Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders and similar instruments in other jurisdictions of Canada. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, such advice has been obtained from a person registered as an investment dealer in that jurisdiction. If the company receives subscriptions from investors relying on the existing shareholder exemption that exceed the maximum amount of the offering, the company intends to adjust such subscriptions on a pro rata basis.

The company has also made the offering available to certain subscribers pursuant to B.C. Instrument 45-536 -- Exemption From Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance with the requirements of the investment dealer exemption, the company confirms that there is no material fact or material change about the company that has not been generally disclosed.

About Cascade Copper Corp.

Cascade Copper is an exploration stage natural resource company engaged in the evaluation, acquisition and exploration of copper based mineral resource properties. Cascade is focused on copper and gold, porphyry and mesothermal gold deposits in British Columbia and VMS and BIF copper, gold and silver style deposits in Ontario. Cascade's priority is to conduct exploration using modern technology that includes 3-D inversion modelling of geophysics, lidar (light detection and ranging) structural modelling, and artificial-intelligence-enhanced predictive modelling from all historic and modern data inputs. Advanced geophysics and/or drilling is planned on several of its copper-gold targets this year. Cascade has five projects, including the Copper Plateau copper-molybdenum project, the Centrefire copper-gold project, the Rogers Creek copper-gold project, Fire Mountain copper-gold project and the Bendor gold-tungsten project.

We seek Safe Harbor.