Cascadero Announces Technical Advisors and Contingent Liability Update

February 2, 2021 (CCD: TSX-V)

CASCADERO ANNOUNCES TECHNICAL ADVISORS AND CONTINGENT

LIABILITY UPDATE

North Vancouver, BC, CANADA, February 2, 2021 – CASCADERO COPPER CORPORATION

("Cascadero") is pleased to announce the addition of four technical advisors and provides an

update on its contingent liability that was previously announced on July 30, 2020.

Technical Advisors Appointed

Four newly appointed technical advisors have agreed to provide advice on exploration and

development of the Cascadero mineral properties in Argentina and on other future properties of

merit. They will work closely with the Board and Management of the company. The Cascadero

research and development team that was instrumental in developing the patent-pending mineral

processing flowsheet on Taron mineral samples are expected to continue their work under the

guidance of the Board.

The Board of Directors are pleased to welcome the addition of the following advisors to our team:

Dr. Paul West-Sells, Dr. David Trueman, Mr. Bruce Downing, and Mr. Ron Bilquist.

Their biographies are provided below and also available on the Company website,

www.cascadero.com.

Contingent Liability

On December 4th, 2019, Cascadero, through Cascadero Minerals Corporation (“CMC”) and

Cascadero’s Argentine subsidiary Salta Geothermal S.A. (“SGSA”) entered into an “Exploration

and Development Earn in Agreement”, (“ Earn-in Agreement”) with Golden Minerals Company

and its Argentine subsidiary Colque Exploraciones S.A. (hereinafter, “ Golden”) through which

SGSA granted Golden the exclusive right to control and perform mining exploration in “La Sarita

Este Mine – File Number. 18.060”. At the execution date of the Earn-in Agreement, CMC

received US$150,000.

On July 30, 2020, the Company announced that they became aware of an agreement

(“Contingent Agreement ”) dated September 3, 2015 with an Argentine drilling contractor

(“Contractor”), pursuant to which the Company agreed to pay up to a maximum amount of US$1

million in the event of the sale of part, or whole, of any of the mining concessions in the Company's

Taca Taca Group. The Taca Taca Group, for the purposes of this Contingent Agreement

consists primarily of (a) Sarita Sur, (b) Sarita Este, (c) La Sarita I, (d) La Sarita II, (e) the 50%

interest over Francisco 1, (f) the 50% interest over Francisco 2, (g) the 33.3% interest over

Desierto I, and (h) the 33.3% interest over Desierto II.

The Company and Contractor have agreed that the Earn-in Agreement constitutes a sales

transaction as described in the Contingent Agreement and the Contractor is entitled to 50% of

the US$150,000 received, creating an obligation of US$75,000 to the Contractor. The liability

will be paid in 10 monthly installments starting immediately.

The US$75,000 total payment will be credited towards the maximum contingent liability amount

of US$1,000,000. After the US$75,000 has been paid, the contingent liability obligation will be

reduced to a maximum amount of US$925,000.

Technical Advisors Biographies

Dr. Paul West-Sells, Ph.D.

Dr. West-Sells has over 20 years' experience in the mining industry. After obtaining his Ph.D.

from the University of British Columbia in Metallurgical Engineering, he worked with BHP, Placer

Dome, and Barrick in increasingly senior roles in Research and Development and Project

Development. Dr. West-Sells has worked for Western Copper and Gold since 2006, where he

has held a number of technical and executive positions, and is now the President and CEO

overseeing the day to day operations of the company. Dr. West-Sells sits on the Yukon Minerals

Advisory Board, the Board of the Yukon Mining Alliance and is also on the Centre for Northern

Innovation in Mining Governing Council.

Dr. David Trueman, Ph.D, P.Geo

David Trueman started his geological career working for INCO. In the intervening 59 years, he

has spent time in academia, government and industry and the last 45 specializing in the rare

metals field, inclusive of cesium. Dr. Trueman’s interest in rare metals stemmed from the

geological examination of structural controls of granitic pegmatites for the Pre Cambrian Centre

of Excellence at the University of Manitoba and in 1977 he joined Tantalum Mining Corporation

of Canada (Tanco). He entered the junior mining sector in 1983 when he joined Highwood

Resources to examine its Thor Lake NWT tantalum-niobium project and promptly found the

world’s richest beryllium deposit. Since, he has worked on rare metal projects through the Arctic

in Canada, Greenland, Alaska, and the USSR and his work has taken him to Australia, Brazil,

Argentina, the PRC, Saudi Arabia, Spain, the UK, Germany including the former East Germany,

the US, France, South Africa, Southwest Africa, Japan, and Denmark. His work has focussed

on the geology, metallurgy and markets of tantalum, niobium, beryllium, lithium, cesium,

rubidium, the lanthanide (rare earth) elements, zirconium, hafnium, scandium, indium, gallium,

germanium tellurium, chromium, manganese, and thallium as well as base and precious metals.

Over the years he has variously been a member of the Canadian Institute of Mining and

Metallurgy, the Geological Association of Canada, the Prospectors & Developers Association,

the Manitoba and Alberta Professional Engineers and Geologists Associations and other

professional associations. He has served as an adjunct professor, as a lecturer in geophysical

and geological short courses, and as a judge in the National Science Fair. He has held a number

of directorships on exploration and mining companies and authored or co-authored some 82

papers in various professional journals and books. He is the sole person who has seen and

worked on what are believed to be the two largest cesium deposits in the world; the Tanco

deposit in Manitoba, and the Taron deposit in Argentina.

Mr. Bruce Downing, M.Sc. P.Geo

A graduate of Queens University (B.Sc., 1970) and the University of Toronto (M.Sc., 1973),

Bruce Downing has over 30 years of experience as a senior geologist working for several

corporations and as a consultant on surface and underground gold and base metal exploration

and production projects in British Columbia and around the world. His early experience centered

on exploration but since 1989 his career has expanded into mining, the environment and

technology. Mr. Downing was involved in the exploration and pre-production at the Windy Craggy

open pit and underground massive copper sulphide deposit (British Columbia); wrote

reclamation and closure plan for an open pit copper -- gold mine (British Columbia): was involved

in acid rock drainage studies for the feasibility studies for the Voisey's Bay massive nickel

sulphide deposit (Newfoundland) and the Petaquilla copper porphyry deposit in Panama; and

worked at the Falcondo nickel laterite mine in the Dominican Republic. He has published 18

papers concerning exploration, computing, history, electrochemistry, environmental and

technology topics and is a co-author of the online acid rock drainage course offered by Edumine.

As a consultant, he is aware of the education of junior companies in regards to meeting

standards and their role in the environment and has given presentations to various elementary

schools. In 1983, he co-founded a software company for developing commercial geochemical

programs for use in the exploration and mining industry. In 1999, he founded a high tech

company (MagPower Systems) to develop the magnesium-air technology for use in fuel cell

commercial products. A subsequent spin-off from this technology led to research and

development in zinc electrowinning. Mr. Downing has also been involved in mining-related

environmental and reclamation programs and has initiated several research and development

projects, some of which have led to patents. During his time with the software and technology

companies, he was involved in promotions and marketing. He has been involved with several

junior mining companies as a CEO, director and consultant. He presently sits on the Geoscience

Committee and Practice Review Committee of the Association of Professional Engineers and

Geoscientists and is a member of several professional organizations. In 1997 the Professional

Engineers and Geoscientists presented him with the Chris Westerman Award, which is the

highest geoscience recognition.

Mr. Ron Bilquist

Ron Bilquist has had a passion for, and been committed to, mining exploration and prospecting

for more than 52 years. He has worked extensively throughout Canada and its territories, as

well as parts of Mexico and Argentina. He is familiar with a wide variety of geological models

and concepts and has been involved with the planning and carrying out of many regional

exploration programs from the grassroots level and upwards. In Canada, his prospecting has

resulted in the discoveries, and co discoveries, of mineral occurrences that have generated

many exploration and mining projects. He has been actively exploring north western Argentina

since 1995 with a variety of companies and was a key member of the team that discovered the

Lindero Gold project of Fortuna Silver Mines Inc. In 2003, with three associates, Mr. Bilquist was

instrumental in introducing Cascadero Copper to the potential for successful mineral exploration

and discovery in Argentina. Significant discoveries he has made, or has been directly involved

with since 2003 include the Quevar Silver project, currently owned by Golden Minerals and

numerous gold and porphyry copper-gold occurrences along the Taca Taca trend with some of

these adjacent to First Quantum’s advanced phase Taca Taca Cu-Au-Mo Project. Mr. Bilquist,

with his prospecting partner Les Allen, submitted the first rocks for analysis that came back highly

anomalous in cesium and led to the discovery of Cascadero’s Taron Cesium project.

For more information, contact:

Dr. George Gale

Interim CEO

Phone: (604) 985-3327

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beliefs of management and reflect the Company's current expectations. When used in this news

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contingent liability, the potential financial obligation of the Company, and the installment

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could change materially in the future. Such statements and information reflect the current view

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the risk that the contingent liability and/or potential financial obligation of the Company, or a

determination of such, is not as expected or the installment payment may not be made as

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uncertainties and potential events. The Company has assumed a certain progression, which may

not be realized. It has also assumed that the material factors referred to above will not cause

such forward-looking statements and information to differ materially from actual results or events.

However, the list of these factors is not exhaustive and is subject to change and there can be no

assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE

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