Cascadero Announces Management Changes and Update ON Upcoming Shareholders Meeting

October 14, 2020 (CCD: TSX-V)

CASCADERO ANNOUNCES MANAGEMENT CHANGES AND

UPDATE ON UPCOMING SHAREHOLDERS MEETING

North Vancouver, BC, CANADA, October 14, 2020 – CASCADERO COPPER CORPORATION

(the “Company”) is pleased to announce that the Board of Directors of Company has appointed

Lorne Harder as Chairman of the Board and Natasha Tsai as Corporate Secretary. Mr. Harder

replaces Dr. George Gale as Chairman and Dr. Gale remains a director and the interim Chief

Executive Officer of the Company. Ms. Tsai replaces Mr. Harder as Corporate Secretary and

remains Chief Financial Officer of the Company. The Board is also continuing its search for a

new Chief Executive Officer. These management changes are some of the positive steps that

the Company has taken towards improving the Company’s outlook.

As announced on September 15, 2020, the Company received from Mr. Nelson Borch a notice

of requisition for a shareholder meeting. Mr. Borch is the principal of NB Projects Asia Pte. Ltd.,

which, through its ownership of 30% of Cascadero Minerals Corporation, is the minority joint

venture party in the Company’s mineral exploration projects in Argentina. A Special Committee,

consisting of Dr. Gale, Mr. Harder and Mr. Greg Andrews, was appointed in response to the

requisition notice.

On the recommendation of the Special Committee, the requisition notice was rejected by the

board due to certain deficiencies. Following the rejection of requisition notice, Mr. Borch notified

the Company that he intended to nominate four persons for election as directors pursuant to the

Company’s advance notice policy. After amicable discussions between Mr. Borch and the

Company’s management, Mr. Borch has withdrawn his advance notice.

For more information, contact:

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.