Angie Drilling Returns Significant Near Surface Molybdenum Intersections in the Upper Level of a Chilean Porphyry Discovery

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

Angie Drilling Returns Significant Near Surface Molybdenum

Intersections in the Upper Level of a Chilean Porphyry Discovery

Toronto, Ontario, November 20, 2024 - Cascada Silver Corp. (CSE:CSS) ("Cascada") is

pleased to announce assay results from the Phase I reverse circulation (“RC”) drill program

at its Angie Copper Molybdenum Property (“Angie”). Drilling encountered significant intervals

of molybdenum (“Mo” or “moly”) with drill hole AAS-02 returning 26 metres (“m”) grading 713

parts per million (“ppm”) Mo including 8 m, at the end of the hole, grading 1,208 ppm Mo .

See Table 1 for the assay highlights. The Mo intersections remain open in all directions (see

figures 1 and 2). Mo is typically found along the margin s and upper levels of major copper

moly porphyry systems.

The Mo grades at Angie are significant considering both RC holes were lost before the

targeted depths were reached due to excessive water pressure encountered in the holes.

The grades returned are similar to those at primary Mo deposits such as Greenland

Resources’ Malmbjerg deposit (1,000 ppm Mo), New Moly’s Kitsault deposit (830 ppm Mo),

and Moon River’s Endako deposit (400 ppm Mo).

“We appear to be on the margin s of a major Chilean porphyry system ,” said Carl Hansen,

Cascada’s CEO. “While we are targeting a copper moly porphyry, the high Mo grades are

surprising considering the amount of molybdenite that was washed out of the samples due to

the excessive water inflow. Moly grades in AAS-02 increased downhole towards a quartz

diorite porphyry, considered to be the likely source of the mineralization. The 26 m grading

713 ppm interval at the end of the hole is open to depth and to the southwest along strike.

Despite copper mineralization visually increasing in content to depth, no significant copper

assays were returned suggesting we are still in the margins of the porphyry system. Plans

For reference, 0.1% (1,000 ppm) Mo has an equivalent value to 0.74% Cu, excluding mining

related factors, based on $29.74 per pound Mo and $4.04 per pound Cu: a ratio of 1 to 7.4.

Table 1 – Angie Project, Phase I Drill Assay Results

Drill

Hole #

From To Interval Mo MoS2 Notes

m m m ppm ppm

AAS-01 54 110 56 410 684

including 58 60 12 588 982

AAS-02 54 118 64 476 785 Quartz diorite porphyry

including 54 62 8 735 1,227

and 76 82 8 745 1,244

150 176 26 713 1,190 Drill hole ends at 176 m. Visible

chalcopyrite and bornite at end of

hole. Potassic altered monzodiorite. including 168 176 8 1,208 2,016

Note: weighted average Mo grades are based on a 250 ppm Mo cut-off grade with reported intervals incorporating no

greater than 4 m of sub -cut-off internal dilution. MoS2 (molybdenite) values are for reference as many companies

quote MoS2 grades. MoS2 are calculated upon a Mo content of 59.9%. Reported Intervals are downhole lengths as

insufficient data is available to make an accurate determination of true width. 1,000 ppm is equivalent to 0.1%.

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are being made to mobilize a diamond drill to allow for the collection of more representative

samples, negating the water-related molybdenite losses, and to drill deeper to: 1) expand the

Mo intervals; and 2) test the copper potential of the porphyry system.”

Discussion

Throughout the top 100 m of each drill hole, molybdenite mineralization was observed

occurring as fracture fillings and disseminations within molybdenite-bearing quartz veins and

veinlets which cut both the altered quartz diorite porphyry intrusions and altered monzodiorite.

The quartz diorite s are interpreted as the source of the mineralization ; however, those

intersected are interpreted as secondary intrusions related to large r porphyry intrusions

underlying the cent ers of the 800 m by 1,500 m Mo geochemical anomal y (see figure 3).

Figure 3 also shows the preliminary drill hole locations for the Phase II drill program

Alteration intensity increases downhole from propylitic to potassic . In drill hole AAS -02,

increasing alteration intensity mirrors an increase in Mo grade s and visual copper

mineralization. The last 8 m of AAS -02 (1,208 ppm Mo) was associated with strongly

potassic-altered monzodiorite with fine to medium-grained disseminated molybdenite, pyrite,

chalcopyrite, and bornite.

For further details on Angie, please review Cascada’s February 15, 2023 and September 10,

2024 press releases.

Molybdenum

Primary moly deposits are uncommon with only 2 producing mines in the Americas. In Chile

and Peru, Mo is important byproduct of porphyry -associated copper mines. In 2023, China

was the primary producer of Mo with a 45% share of the world production, followed by South

America (largely Chile and Peru) at 27%, North America at 18% and other areas at 10%

(International Molybdenum Association, March 2024).

Mo is considered a strategic mineral and has been classified as a critical metal in Canada not

only due to it s use in construction, oil and gas production, aerospace and defense, power

generation and medical devices but also in its use in supporting the transition to green energy.

Mo production is anticipated remain relatively flat over the next 10 years on declining mine

grades and a lack of development investment compared to projected demand growth of 4.7%

annually.

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 process. 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 and Sentry bags were sealed and stored before

being dispatched to lab facilities along with reference materials used to verify the preparation

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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 acc ording 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

reverse circulation 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,

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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

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

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

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