2025 01-09_Cascada Commences Phase II Drilling Angie Project

Cascada Silver Corp., 401 Bay Street, Suite 2702, Toronto, Ontario, M5H 2Y4

Cascada Commences Diamond Drilling at Angie Cu/Mo Project

Completes Drone-based Magnetometer Survey

Toronto, Ontario, January 9, 202 5 - Cascada Silver Corp. (CSE:CSS) ("Cascada") is

pleased to announce that it has commenced Phase II diamond drilling at its Angie Copper

Molybdenum Property (“Angie”) located 85 kilometres east southeast of the City of Copiapo,

Chile. In preparation for the drilling program , Cascada completed a drone -based

magnetometer survey over Angie in order to refine the drill hole collar locations.

The Phase II program will consist of up to 2,000 metres of diamond drilling following up on

the results of the two-hole, Phase I reverse circulation (“RC”) drill program completed in

October 2023. The Phase I program returned significant mineralized intervals within a

porphyry environment including 26 metres grading 713 parts per million (“ppm”) molybdenum

(drill hole AAS-02) with a higher grade interval of 1,208 ppm molybdenum over 8 metres at

the end of the hole. Below 100 metres downhole, c opper mineralization, chalcopyrite and

locally bornite, along with pyrite, was observed in both Phase I drill holes although no

significant copper assays were returned. For additional details on the Phase I RC drilling

results, refer to Cascada’s November 20, 2024 press release.

The first Phase II drill hole, DAAS-03, planned for a depth 500 metres, has been collared to

test the extension of the mineralization encounter ed at the end of drill hole AAS -02 (see

Figure 1) which was terminated at 176 metres . The two +150 ppm molybdenum centres of

the larger 800 by 1,500 metre anomaly will be targeted by the second and third drill holes

with the location of the final hole to be determined upon reviewing the visual results from the

first three holes.

Commenting on the start of diamond drilling, Carl Hansen, Cascada’s President and CEO

stated, “The goal of the Phase II program is to drill through the molybdenum-rich upper levels

of the Angie porphyry system , cut during the Phase I drill program, and into the core of the

system where copper mineralization should be more prevalent. Diamond drilling will allow for

a more complete understanding of the geology of the Angie mineralization as well as

overcoming the technical issues which resulted in each Phase I drill hole be ing stopped

approximately 100 metres short. It is anticipated that the Phase II program will be completed

in February 2025 with final assays available 4 to 6 weeks thereafter.”

Magnetometer Survey

Cascada recently completed a 132-line kilometer, drone-based magnetometer survey over

Angie to assist in geological interpretation and in situating the Phase II drill hole collars.

Figure 1, attached, shows the result s (differential reduction to the pole ) of the magnetic

survey. The molybdenum anomalies correspond to area s of elevated magnetic response s

which in turn may be related to mineralized intrusives and associated alteration. The

magnetics closely outlines the interpreted contact between the Eocene intrusives to the east

and the Paleocene intrusives to the west which host s the porphyry-style mineralization and

alteration.

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Phase I Drill Program QA/QC Disclosure

Drill holes were drilled using the RC technique and collared with a 5 1/2" diameter bit

maintaining a consistent diameter throughout the drilling. Rock cuttings produced by the drill

rigs were transported to the surface using compressed air and extracted from the cyclone (or

hydraulic cyclone for wet samples) to the splitter by the drill contractor under the supervision

of Cascada geologists. Samples were split twice, generating the lab sample, a twin, and a

coarse reject. Each sample was weighed, bagged, and identified with tickets following the

sampling list prepared beforehand by Cascada personnel. Chip boxes were generated during

sample extraction. Subsequently, the bags were sealed and securely stored before being

dispatched to lab facilities along with reference materials (standards) used to verify the

preparation and analysis of the samples. Quick logging of chips was performed in the field.

The bags were then transported from the drill site to the ALS laboratory facility in Copiapo for

mechanical preparation, where they were weighed, dried, crushed, and pulped according to

the PREP-31 protocol. ALS is an accredited laboratory independent of the company. The

prepared samples were sent to ALS laboratories in Santiago, Chile for copper (Cu-AA62) and

molybdenum (Mo-AA62). No data quality issues were indicated by the QA/QC program. The

RC chip trays were sent to Santiago for detailed logging and secure storage.

NI 43-101 Technical Disclosure

The Qualified Person, as defined by National Instrument 43 -101 of the Canadian Securities

Administrators, for Cascada’s exploration activities in Chile is Sergio Diaz, a resident of

Santiago, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51,

in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.

About Cascada Silver Corp.

Cascada is a mineral exploration company focused on exploration opportunities in

Chile. Cascada’s team of successful exploration professionals are dedicated to the discovery

of mineral deposits that can be progressed into economically viable development projects

creating value for all stakeholders.

On behalf of Cascada Silver Corp.,

Carl Hansen, CEO

Phone: 416-907-9969

For additional information, please contact us at: [email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains forward -looking statements, including predictions, projections and forecasts.

Forward-looking statements include, but are not limited to: plans for the evaluation of exploration properties;

the success of evaluation plans; the su ccess of exploration activities; mine development prospects; and,

potential for future metals production. Often, but not always, forward-looking statements can be identified

by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled",

"estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or

variation of such words and phrases or state that certain actions, events or results "may", "could", "would",

"might" or "will" be taken, occur or be achieved.

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Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and

other factors which may cause the actual results, performance or achievements to be materially different

from any future results, prediction, projection, forecast, performance or achievements expressed or implied

by the forward-looking statements. Such factors include, among others: changes in economic parameters

and assumptions; all aspects related to the timing of exploration activities and receipt of exploration results;

the interpretation and actual results of current exploration activities; changes in project or exploration

parameters as plans continue to be refined; the results of regulatory and permitting processes; future metals

price; possible variations in grade or recovery rates; failure of equipment or processes to operate as

anticipated; labour disputes and other risk s of the mining industry; the results of economic and technical

studies; delays in obtaining governmental approvals or financing or in the completion of exploration; as well

as those factors disclosed in Cascada's publicly filed documents.

Although Cascada has attempted to identify important factors that could cause actual actions, events or

results to differ materially from those described in forward-looking statements, there may be other factors

that cause actions, events or results not to be as anticipated, estimated or intended. There can be no

assurance that forward-looking statements will prove to be accurate, as actual results and future events

could differ materially from those anticipated in such statements. Accordingly, readers shou ld not place

undue reliance on forward-looking statements.

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or

accepts responsibility for the adequacy or accuracy of the content of this news release.

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