Cascadia Completes Purchase of the Byng and Mars Properties

Cascadia Completes Purchase of the Byng and Mars Properties

Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM,OTC:CAMNF) (OTCQB: CAMNF) is pleased to announce that it has closed its previously announced purchase of the Byng and Mars properties from Strategic Metals Ltd. ("Strategic") (the "Transaction").  The Transaction is described in Cascadia's news releases of February 24, 2026, and March 19, 2026:

  • The Transaction involves the acquisition by Cascadia of the Byng Property and the Mars property in southern Yukon (the "Properties").  The Byng Property comprises 90 claims, and the Mars Property comprises 93 claims.
  • Pursuant to the Transaction, Strategic has been granted a 2% NSR in respect of the Properties (the "NSR Royalty"). Cascadia has the option to purchase half of the NSR Royalty for $2 million.  The Mars Property is subject to a pre-existing royalty on the DDH 1-16 claims, granting Allan Doherty a 1% NSR on all production from these claims
  • The total consideration for the purchase was:
     
    • $125,000 in cash; and
    • 500,000 Cascadia shares valued at $0.25/share (the "Consideration Shares").

The Consideration Shares are subject to a four-month hold period which ends on July 25, 2026.

  • There were no finder's fees payable in respect of the Transaction.
  • The Transaction was a Non-Arms Length Transaction and is a Reviewable Transaction under TSX Venture Exchange ("TSXV") policies as Strategic and Cascadia share a common director, Bruce Youngman. Mr. Youngman was not involved in the negotiation or approval of the Transaction. 
  • The Transaction is not a Related Party Transaction subject to TSXV Policy 5.9 or Multilateral Instrument 61-101.

Advertising and Investor Awareness Services

Cascadia also announces it has entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN"), effective March 23, 2026. INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. For the 12 month term of the agreement, INN will provide advertising to increase awareness of the issuer. The cost of the campaign is $46,800, payable in quarterly installments of $11,700. INN currently holds no securities of Cascadia and is an arm's length party to Cascadia. Cascadia's agreement with INN is subject to TSXV approval.

About Cascadia

Cascadia's flagship asset is the 180 km2 Carmacks Project, located within in central Yukon, Canada, 35 km southeast of the past producing Minto Mine. The road-accessible Carmacks Project has a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81% copper, 0.26 g/t gold, 3.23 g/t silver and 0.01% molybdenum) or 1.07% copper equivalent. A 2023 preliminary economic assessment demonstrated positive economic potential, with a $330.1 M post-tax NPV(5%) and 38% after-tax IRR at US$4.25/lb copper and US$2,000/oz gold.

Cascadia also has a pipeline of discovery stage copper-gold properties throughout the Yukon Stikine Terrane including its Catch Property, which hosts a copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization (116.60 m of 0.31% copper with 0.30 g/t gold). High-grade copper and gold mineralization is found at surface over 5 km long trend, with grab samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver.

QA/QC

Results referenced in this release represent highlight results only and include results from historical work conducted by other operators. Below detection values for gold, silver and molybdenum have been encountered in soil and rock samples in these target areas. Readers are cautioned that grab samples are selective by nature and are not necessarily representative of the grade of mineralization on the property. Historical data has not been independently validated by Cascadia.

Copper equivalent calculations for the Carmacks Deposit use metal prices of US$4.00/lb for copper, US$2,500/oz for gold, US$30/oz for silver and US$20/lb for molybdenum. Recovery factors of 82% for copper, 70% for gold, 69% for silver and 70% for molybdenum were used, based on recovery projections from the 2023 PEA study. All dollar amounts are in Canadian dollars unless indicated otherwise.

The technical information in this news release has been approved by Andrew Carne, P.Eng., VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101.

On behalf of Cascadia Minerals Ltd.

Graham Downs, President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Cautionary note regarding forward-looking statements:

This press release may contain "forward-looking information" within the meaning of applicable securities laws.  Readers are cautioned to not place undue reliance on forward-looking information.  Actual results and developments may differ materially from those contemplated by these statements.  The statements in this press release are made as of the date of this press release.  The Company undertakes no obligation to update forward-looking information, except as required by securities laws.

SOURCE Cascadia Minerals Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2026/24/c1268.html

News Provided by Canada Newswire via QuoteMedia

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Advancing Copper and Gold Projects in Yukon

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Investor Insight

Cascadia Minerals offers investors exposure to a compelling combination of near-term development potential and district-scale exploration upside, supported by strategic backing from Agnico Eagle Mines Limited.

Overview

Copper and gold are among the biggest commodities in 2026, with reports saying that they will remain supported despite rising oil prices this year and beyond.

Cascadia Minerals, a Canadian junior mining company, is focused on the exploration and development of copper and gold assets in the Yukon Territory.

The company is advancing a portfolio that combines a resource-stage development asset with multiple earlier-stage exploration projects targeting large-scale copper-gold systems.

The company’s strategy focuses on advancing its flagship 180 km2 Carmacks project toward development while pursuing new discoveries across its significant land package. Its exploration focus is on the Stikine Terrane in Yukon, a geologic extension of British Columbia’s prolific Golden Triangle, where the company is systematically identifying and testing new copper-gold targets.

Recently, Cascadia entered a multi-year strategic alliance with Agnico Eagle for the identification and advancement of gold-copper exploration properties in the Stikine Terrane.

The company is targeting an updated resource for its Carmacks project in 2027, followed by a pre-feasibility study in 2028.

Company Highlights

  • High-grade resource: Flagship Carmacks copper-gold project has an existing resource of approximately 650 million pounds copper and over 300,000 ounces of gold at over 1% CuEq
  • Excellent Location: Carmacks copper-gold deposit is located in a mining friendly jurisdiction and is road accessible and 10 km from grid power
  • Near-term catalysts: Targeting an updated resource in 2027 and pre-feasibility study in 2028 for flagship Carmacks project
  • Strategic alliance: Recently entered a multi-year strategic alliance with Agnico Eagle for the identification and advancement of gold-copper exploration properties in Yukon’s Stikine Terrane

Key Projects

Cascadia Minerals project locations

Carmacks Project

The Carmacks project is Cascadia’s flagship, advanced-stage copper-gold asset located in central Yukon. The project hosts a mineral resource of approximately 650 million pounds of copper and over 300,000 ounces of gold and is supported by a positive preliminary economic assessment completed in 2023.

The 180 square kilometer project benefits from favorable infrastructure, including existing road access and close proximity to power. The project is located 40 km from the past-producing Minto Mine, which is being evaluated for a return to production by Selkirk Copper Mines.

The 2026 exploration program at Carmacks is fully funded and has expanded from 15,000 meters to 18,000 meters of diamond drilling. This is the largest diamond drill program on the property since 2007. It has returned up to 82.69 meters of 1.12 percent copper with 0.64 g/t gold so far, with drilling now underway at multiple zones.

Ongoing exploration is focused on expanding sulphide mineralization and enhancing project economics through additional resource definition. Drilling in 2026 has completed a total of 26 holes comprising 13,106 meters as of September 1st. Engineering, metallurgical and baseline environmental work is also being undertaken to support initiating a pre-feasibility study in 2028.

Agnico Eagle Strategic Exploration Alliance

  • Multi-year Strategic Alliance focused on gold and copper exploration in Yukon’s Stikine Terrane
  • Stikine Terrane extends into Yukon from BC’s Golden Triangle and is highly prospective for gold-copper porphyry mineralization
  • Minimum of $500,000/yr of generative exploration will be funded by Agnico Eagle
  • Agnico Eagle can also earn up to an 80% interest in Strategic Alliance properties
  • Up to $5 million in exploration is planned for the 2026 field season under the Strategic Alliance and Catch Earn-in

Management Team

Graham Downs – President and CEO

Graham Downs has over 30 years of experience in mineral exploration, beginning his career with Archer, Cathro & Associates (1981) in Yukon, where he worked across prospecting and both early- and advanced-stage exploration programs. In 2007, he was appointed CEO of ATAC Resources, later becoming president in 2015 and director in 2022, where he helped guide the company’s exploration and growth strategy. Over his career, he has raised more than $100 million for mineral exploration and completed numerous transactions across the junior and major mining sectors.

Andrew Carne, M.Eng., P.Eng. – Vice President, Corporate Development

A Professional Engineer registered in British Columbia and Yukon, Carne has worked continuously in the mineral exploration and development industry in Canada since 2012. He gained experience across both technical and project execution roles, previously working with ATAC Resources Ltd. and Archer Cathro & Associates (1981) Limited, a geological consulting firm. He has also served as Vice President of the Yukon Chamber of Mines since 2018.

Dr. Thomas Hawkins, PhD, P.Geo. – Vice President, Exploration

Dr. Hawkins is an economic geologist with over 20 years of experience in copper and critical minerals exploration, specializing in integrating structural geology, geochemistry, and geophysics to develop and test robust exploration models. He has led multidisciplinary exploration teams across northern Canada and international jurisdictions, contributing to programs ranging from early-stage generative work through to resource definition drilling.

Stuart Van Bibber - Vice President, Sustainability and Regulatory Affairs

With over 20 years of experience in environmental science and management, Stuart Van Bibber has provided senior level technical expertise related to mining, reclamation and closure activities and First Nations consultation. He has worked on behalf of First Nations governments, First Nations Development Corporations, Territorial government, private sector, and industry in the Yukon. He also previously held roles at companies such as ERM Consultants Canada and is currently a sitting member of the Yukon Mineral Advisory Board.

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