Cascadia Minerals Ltd. Announces Increase in Private Placement Offering

Cascadia Minerals Ltd. Announces Increase in

Private Placement Offering

VANCOUVER, BC

,

Aug. 4, 2023

/CNW/ - Cascadia Minerals Ltd. ("

Cascadia

") (TSXV: CAM)

announces that, subject to regulatory acceptance, it will increase the size of the Critical Minerals

Charity Flow-Through Units (the "CFT Units") portion of the private placement announced on

August

1, 2023

to up to

$1,913,750

by the sale of up to 7,655,000 CFT Units at a price of

$0.25

per CFT

Unit. The Critical Minerals Flow-Through Units (the "FT Units") portion of the private placement will

also increase to up to

$350,000

, by the sale of up to 1,521,739 FT Units at a price of

$0.23

per FT

Unit. All warrants associated with the CFT Units and FT Units will be transferrable.

About Cascadia

Cascadia is a Canadian junior mining company focused on exploring for copper and gold in

Yukon

and

British Columbia

. Cascadia's flagship Catch Property is a brand-new grassroots discovery which

exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock

samples returning peak values of 3.88% copper and 30.00 g/t gold. Diamond drilling is planned to

commence at Catch in early August. In addition to Catch, Cascadia is conducting exploration work at

its PIL Property in

British Columbia

and the Rosy property in

Yukon

, as well as evaluating additional

regional opportunities.

The technical information in this news release has been approved by

Andrew Carne

, M.Eng.,

P.Eng., VP Corporate Development for Cascadia and a qualified person for the purposes of National

Instrument 43-101.

On behalf of Cascadia Minerals Ltd.

Graham Downs

, President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS

THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Cautionary note regarding forward-looking statements:

This press release may contain "forward-looking information" within the meaning of applicable

securities laws. Readers are cautioned to not place undue reliance on forward-looking

information. Actual results and developments may differ materially from those contemplated by

these statements. The statements in this press release are made as of the date of this press

release. The Company undertakes no obligation to update forward-looking information, except as

required by securities laws.

SOURCE

Cascadia Minerals Ltd.

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For further information:

Andrew Carne, M.Eng., P.Eng., VP Corporate Development, Cascadia

Minerals Ltd., T: 604-688-0111 ext. 106, [email protected]

CO: Cascadia Minerals Ltd.

CNW 17:45e 04-AUG-23