Cascadero Copper Corporation Announces Return to Treasury and Cancellation of Shares

Cascadero Copper Corporation Announces

Return to Treasury and Cancellation of Shares

Vancouver, British Columbia--(Newsfile Corp. - September 17, 2020) - CASCADERO COPPER

CORPORATION (TSXV: CCD) ("

Cascadero

") announces the return to treasury and cancellation of

16,498,026 common shares that were held by Cascadero.

These cancelled shares had been transferred

to Cascadero by Cyprus River Holdings Ltd. as part of its withdrawal from a joint venture arrangement in

2015.

With the cancellation of the 16,498,026 common shares, Cascadero currently has 185,800,869

common shares issued and outstanding.

Lorne Harder, Director, commented, "The return to treasury and cancellation of the 16,498,026 common

shares and the recent appointment of our new Chief Financial Officer are a couple of the initiatives that

were proposed with our new management that came in late-June and have now been implemented.

The

board and management are currently in the process of identifying candidates to serve as our Chief

Executive Officer and expect to take further steps to bring greater shareholder value."

For more information, please 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.

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

https://www.newsfilecorp.com/release/64055