Mr. Jeffrey Ackert reports

CASCADE COPPER CLOSES $931,000 OVERSUBSCRIBED CRITICAL MINERAL FLOW-THROUGH FINANCING

Cascade Copper Corp. has closed its previously announced non-brokered private placement on Nov. 2, 2026, issuing 15,516,667 critical mineral flow-through common shares (the FT shares) at a price of six cents per FT share for aggregate gross proceeds of $931,000.02. The offering, originally announced on Oct. 22, 2026, for gross proceeds of up to $800,000, was oversubscribed and increased to $931,000.02 to accommodate additional investor demand.

Each FT share is intended to qualify as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada). The gross proceeds of the offering will be used to incur eligible Canadian exploration expenses that are intended to satisfy the definition of flow-through critical mineral mining expenditure in Subsection 127(9) of the act. The company intends to use the proceeds primarily for drilling and exploration at its critical mineral projects in British Columbia and Ontario, including phase 2 drilling at the Centrefire copper-gold project and geophysical surveys at Centrefire and Copper Plateau.

The company intends to renounce the qualifying expenditures to subscribers of the FT shares 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 act.

In connection with the offering, the company paid aggregate cash finders' fees of $44,720 to arm's-length finders and issued an aggregate of 745,333 non-transferable finder warrants. Each finder warrant entitles its holder to acquire one common share of the company at an exercise price of six cents per share until Nov. 2, 2028. The FT shares and finder warrants issued in connection with the offering are subject to a statutory hold period and may not be traded before March 3, 2027, except as permitted under applicable securities legislation.

Subscribers in the offering included one insider of the company. The issuance of FT shares to the insider 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 FT shares subscribed for by the insider does not represent more than 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.

Following completion of the offering, the company has 91,650,972 common shares issued and outstanding.

The offering remains subject to final acceptance by the Canadian Securities Exchange.

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 (volcanogenic massive sulphide), 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.