On March 6th 2009 Cascadero Copper Corporation ("Cascadero") signed an Option and Joint Venture Exploration Agreement (the "Option Agreement") with Gold Fields Toodoggone Exploration Corporation ("Gold Fields"), a wholly owned subsidiary of Gold Fields Netherlands Services BV ("Gold Fields Netherlands") and a member of the Gold Fields Limited group of companies. Pursuant to the Option Agreement Gold Fields can earn a 51% interest in Cascadero's Toodoggone Project in British Columbia, Canada, by spending at least C$5 million over an initial three year option period. Gold Fields can earn a further 24% interest by completing a feasibility study or sole funding a further C$15 million in expenditures.

Gold Fields is continuing exploration in 2012 on the Company's Toodoggone Project is completing its third investment in Cascadero by subscribing for 625,000 Units at C$0.16 per Unit for total proceeds of C$100,000. Each unit is comprised of one common share and one warrant, whereby the warrant entitles the holder to purchase one additional common share at C$0.19 for a period of one-year from closing. The Units are subject to a four-month hold period.

Completion of the financing is subject to regulatory approval, including acceptance by the TSX Venture Exchange. Subject to closing, Cascadero has ~121.0 million shares issued. Cascadero intends to use the proceeds for general working capital purposes.

Cascadero Copper is focused on copper-gold porphyry prospects in British Columbia and Argentina and sediment hosted gold prospects in Ontario, Canada.
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