Cascadero Copper Completes $500,000 Private Placement

April 1, 2021 (CCD: TSX-V)

CASCADERO COPPER COMPLETES $500,000 PRIVATE PLACEMENT

North Vancouver, BC, CANADA, April 1, 2021 – CASCADERO COPPER CORPORATION (the “Company”) is pleased to announce, further to its news release of February 18, 2021, that on April 1, 2021, it closed the non-brokered private placement of 14,285,714 units of the Company (a “Unit”) at a price of $0.035 per Unit for gross proceeds of $500,000 (the “Offering”). Each Unit consists of one common share of the Company and one common share purchase warrant (“Warrant”), with each Warrant entitling the holder to acquire one additional common share of the Company at an exercise price of $0.05 for a period of 24 months from the date of closing.

The Company intends to use the proceeds of the Offering as follows: approximately $200,000 for repayment of debt and the balance of approximately $300,000 for general working capital purposes.

All of the securities issued in connection with the Offering are subject to a statutory four-month hold expiring on August 2, 2021.

The Offering is subject to final acceptance by the TSX Venture Exchange upon filing of final documentation.

Insiders of the Company subscribed for a total of 12,685,714 Units under the Offering. Such participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such persons exceeded 25% of the Company’s market capitalization. There will be less than 21 days between the closing of the Offering and the filing date of the related material change report as the Company wishes to access the net proceeds to repay debt as soon as possible after closing.

On behalf of the Board of Directors:

Dr. George Gale Interim CEO Phone: (604) 985-3327

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking statements, including, but not limited to, expectations as to the use of proceeds from the Offering and final acceptance by the TSX Venture Exchange. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forwardlooking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements such as the final acceptance from the TSX Venture Exchange may be delayed or may not be obtained and the use of proceeds may not be as anticipated. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forwardlooking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.