Cascadero Copper Corporation

Cascadero Copper Corporation

December 16, 2010 14:36 ET

Cascadero Copper Corporation Announces 3,000,000 Unit Non-Brokered Flow-Though Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2010) - Cascadero Copper Corp. (TSX VENTURE:CCD) announces a non-brokered private placement of up to 3,000,000 Flow-Through units at C$0.20 per unit. Each unit consists of one common share and one-half warrant. Two warrants entitles the holder to purchase one additional flow-through common share at C$0.25 per share for a period of one-year from closing. The units are subject to a four-month hold period. There is no agent or finder fee payable.

Completion of the financing is subject to regulatory approval, including acceptance of the financing by the TSX Venture Exchange.

Subject to closing the 3,000,000 unit offering, Cascadero will have 105.9 million shares issued.

Cascadero intends to use the proceeds for exploration in British Columbia and on recently acquires properties in Ontario. The Company's focus in British Columbia and in Argentina is copper-gold porphyry prospects.

The Ontario properties are primarily disseminated gold prospects in the Sudbury, Timmins and Swayze mineral districts.

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.

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