Cascadero Update on Delayed Second Quarter Financial Statements Filing

Cascadero Update on Delayed Second Quarter

Financial Statements Filing

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

CORPORATION (TSXV: CCD) (the "Company") provides an update on the Company's July 30, 2020

announcement that due to delays caused by Covid-19, it will be relying on BC Instrument 51-517 -

Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the

Period from June 2 to August 31, 2020

(and similar exemptions provided by other relevant Canadian

securities regulators) to delay the filing of its interim financial statements for the quarter ended May 31,

2020 and the related management's discussion and analysis and certifications (collectively the "Q2

2020 documents") as required under National Instrument 51-102 -

Continuous Disclosure Obligations

.

The exemption provides Cascadero with an additional 45 days from the usual 60-day deadline of July

30, 2020 to complete its second quarter statutory filings.

Accordingly, as required by the conditions of the extension, Cascadero's management and other

insiders will be subject to a trading black-out that reflects the principles in Section 9 of National Policy

11-207 -

Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions

until its financial

statements are filed.

Cascadero estimates that its Q2 2020 documents will be filed on or before

September 14, 2020.

Other than as previously disclosed by Cascadero news releases, there are no

other material business developments since the date of Cascadero's filing of its interim financial

statements for its first quarter ended February 29, 2020.

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.

Forward-Looking Statements

This news release contains forward-looking statements and information that are based on the beliefs of

management and reflect Cascadero's current expectations. When used in this news release, the words

"estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the

negative of these words or such variations thereon or comparable terminology are intended to identify

forward-looking statements and information. The forward-looking statements and information in this

news release includes information relating to the expected filing of Cascadero's Q2 2020 documents.

The forward-looking information is based on certain assumptions, which could change materially in the

future. Such statements and information reflect the current view of Cascadero with respect to risks and

uncertainties that may cause actual results to differ materially from those contemplated in those forward

looking statements and information. By their nature, forward-looking statements involve known and

unknown risks, uncertainties and other factors which may cause Cascadero's actual results,

performance or achievements, or other future events, to be materially different from any future results,

performance or achievements expressed or implied by such forward-looking statements. Such factors

include, among others, the risk that Cascadero is unable to complete the filing of its Q2 2020 documents

by the date expected or at all. When relying on Cascadero's forward-looking statements and information

to make decisions, investors and others should carefully consider the foregoing factors and other

uncertainties and potential events. Cascadero 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 REPRESENTS

THE EXPECTATIONS OF CASCADERO AS OF THE DATE OF THIS NEWS RELEASE AND,

ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE

UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELYUPON

THIS INFORMATION AS OF ANYOTHER DATE. WHILE CASCADERO MAY ELECT TO, IT DOES

NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANYPARTICULAR TIME EXCEPT AS

REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

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

https://www.newsfilecorp.com/release/62942