Mina Guanaca Drilling Returns 0.91% Cu Over 56 Metres Including 20 Metres Grading 1.88% Cu

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

Mina Guanaca Drilling Returns 0.91% Cu Over 56 Metres

Including 20 Metres Grading 1.88% Cu

Toronto, Ontario, November 13, 2024 – Cascada Silver Corp. (CSE:CSS) ("Cascada") is pleased

to announce that it has received all assays from its recently completed Mina Guanaca Copper

Project (“Mina Guanaca”) Phase I drill program with significant intervals of copper mineralization

encountered in 3 of the 4 reverse circulation (“RC”) holes completed. Drill hole GAS-04 returned

a 56 metre (“m”) interval grading 0.91% Cu including a 20 m interval grading 1.88% Cu (see Table

1) extending the high grade core zone to depth (see figures 1 and 2).

Two drill holes (GAS -02 and GAS-03) cut a new parallel zone of copper oxide mineralization at

surface associated with breccias immediately adjacent to the open pit . This new zone is open

along strike and to depth and the western limit of this new zone has not been delineated. The zone

of oxidization has been outlined to depths of 80 to 100 m below surface.

Table 1 – Summary of Mina Guanaca Phase I Drill Assay Results

Drill Hole From To Interval Cu Note

(m) (m) (m) %

GAS-01 14 20 6 0.84 Old workings intersected from 20 to 28 m – no

samples available.

Final 2 m grades 0.49% Cu

20 28 8 -

28 36 8 0.78

GAS-02 4 28 24 0.35 New mineral zone associated with the upper portions

of mineralization encountered in GAS-04. 60 74 14 0.27

84 92 8 0.33

GAS-03 no significant intervals Defines southern limit of breccia mineralization

GAS-04 0 32 32 0.41 New copper zone from surface to 46 m.

Dominantly copper sulphides from 108 to 128 m

associated with a microdiorite

38 46 8 0.31

72 128 56 0.91

including 108 128 20 1.88

Note: weighted average Cu grades are based on a 0.20% Cu cut -off grade with reported intervals incorporating no

greater than 4 m of sub-0.20% Cu internal dilution. With one exception from GAS-01, only intervals greater than 8 m

are reported. Reported Intervals are downhole lengths: true widths vary from 40 to 60% of the downhole Interval.

The copper mineralization i s related to fault controlled tectonic breccias which extend upwards

from a depth of 75 m funneling outwards to surface. The higher copper grade intervals, such as

those cut in GAS-04, are associated with a microdiorite intrusion which extends to depth along the

regional fault structure and is related to the breccia formation. The copper-bearing breccias and

microdiorite are interpreted to plunge very shallowly to the north coincidental with an approximately

200 by 200 by 300 m induced polarization chargeability anomaly. This northern strike extension

represents a significant exploration target for Cascada (see figure 3).

“We are very pleased that the RC drill results confirmed our interpretation that the Mina Guanaca

copper mineralization extends along strike to the north and to depth”, said Carl Hansen, Cascada’s

CEO. “With the copper mineralization extending to the north and a new parallel zone of copper

oxide mineralization discovered surface, we have clear targets for further exploration with the

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ultimate goal of outlining an economic deposit. We are reviewing exploration plans including

additional geophysics, to better define the targets, along with additional drilling.”

Infrastructure in the Mina Guanaca area is excellent with road access and nearby grid electricity

available. Elevation is approximately 26 00 m above sea level and exploration activities can be

undertaken year round.

Summary of Drill Hole Results

Drill hole GAS -01, drilled at the bottom of the Mina Guanaca open pit, returned two intervals of

copper oxide mineralization ending in 8 m grading 0.78% Cu where the hole was lost at 36 m. The

two intervals were separated by 8 m of no sampling where the drill hole intersected a void related

to historic underground workings.

Drill hole GAS-02 returned a number of intervals of lower grade copper mineralization associated

with the mineralization observed at the top of GAS-04. This mineralization represents a new zone

of copper oxide mineralization just to the immediate west of the open pit. Unfortunately, the dip of

the hole steepened significant ly when it encountered a fault and is interpreted to have missed

higher-grade mineralized intervals cut in GAS-04 (56 m grading 0.91% Cu) and from historical drill

hole GR-01 (42 m grading 0.78% Cu).

Drill hole GAS-03 returned no significant intervals of copper mineralization. The drill hole confirmed

that the breccia mineralization associated with the open pit does not extend to the south.

Drill hole GAS-04 returned a significant intervals of copper mineralization starting at surface to a

depth of 128 m downhole. The new surface mineralization is the same as cut in GAS -02. From

72 m, drilling returned 56 m grading 0.91% Cu including a higher grade 20 m interval grading

1.88% Cu dominantly related to chalcopyrite associated with a mi crodiorite. The mineral zone

remains open down plunge to the north.

GAS-02 through GAS-04 were drilled to depths of over 300 m in order to test induced polarization

chargeability anomaly. Despite localized chalcopyrite throughout the drill holes, no evidence of

copper porphyry mineralization was observed. Future exploration activities will likely focus on the

fault-related copper mineralization.

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 f rom the cyclone (or hydraulic

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

Silver 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 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 laborator ies in Santiago,

Chile for copper (Cu -AA62), molybdenum (Mo -AA62), gold (Au- AA24) and silver (Ag -AA62)

assaying. 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.

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Angie Copper Molybdenum Project Update

Final drill assay results from the Angie Project are expected this week and will be press

released shortly thereafter. Please review Cascada’s October 9, 2024 news release for

further information on the Angie Project.

NI 43-101 Technical Disclosure

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

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 success 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.

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 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 risks 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.

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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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