Cascadero Clarifies Ecclestone Resignation

Cascadero Clarifies Ecclestone Resignation

North Vancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - CASCADERO COPPER

CORPORATION (TSXV: CCD) (the "Company") clarifies the resignation and role of Mr. Ecclestone.

Clarification of Mr. Ecclestone's Continuing Role as a Non-Executive Director of the Company

As previously announced by the Company, Mr. Ecclestone had sent notice to the Board on August 19,

2020, indicating that he was "… resigning as CEO of Cascadero Copper, with immediate effect, whilst

retaining my Directorship in a Non-Executive capacity."

It is the Board's position that Mr. Ecclestone had

resigned as both CEO and President with such notice, as one cannot serve as a "non-executive"

director whilst occupying either of those offices.

In any event, at a meeting of the Board held on August

24, 2020 in which Mr. Ecclestone participated, in order to remove any ambiguity in this regard, the

Board resolved that the offices of CEO and President were vacant and that the Board would continue to

oversee day-to-day management of the Company until such time that a successor CEO and President is

appointed.

For more information, contact:

Lorne Harder

Director & CFO

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/62934