Mr. Bradley Jones reports


Cascadero Copper Corp. is proposing a non-brokered private placement of up to 500,000 units at 20 cents per unit. Each unit consists of one common share and a one-half warrant. Each whole warrant entitles the holder to purchase an additional common share at 25 cents per share for a period of one year from closing of the financing.

Finders' fees may be paid in connection with the financing in accordance with applicable securities laws and TSX Venture Exchange policies. Completion of the financing is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange.

Cascadero intends to use the proceeds of the financing for general working capital purposes.
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