Cascada Silver Corp. provided an update on the exploration plans for its Mina Guanaca Copper Property ("Guanaca Project") and the Angie Copper-Molybdenum Property ("Angie Project"), both located in Region III, Chile. The following summaries of the Guanaca and Angie Projects reference historical results including historical assays.

Cascada has not undertaken any independent investigation of any of the historical results from either project nor has it independently analyzed the historical results in order to verify those results. The reader is cautioned upon relying on the accuracy of the historical results presented; however, Cascada considers the historical results relevant as it will use the results as a guide to plan future exploration programs and considers the data to be reliable for these purposes. Guanaca Project.

Cascada has finalized its agreement to acquire a 100% interest in the 250-hectare Guanaca Project located 110 kilometres northeast of the City of Copiapo. Historical exploration activities included property wide geophysics and 1,550 metres of drilling which targeted the near-surface copper oxide mineralization associated with tonalitic breccias and which is currently being open pit mined on a small scale by a local mining contractor. Anomalies outlined during the geophysical surveys remain untested.

Highlights from the drill programs include: 82 metres grading 0.91% total Cu, 0.67% soluble Cu (hole SE1, Empresa Nacional Minera); 41 metres grading 2.3% total Cu (hole ST2, C.M. Andres); and 56 metres grading 0.82% total Cu, 0.64% soluble Cu (hole GR5, SLMG).