Cascadero Copper Corporation

Cascadero Copper Corporation

December 09, 2010 15:31 ET

Cascadero Copper Corporation Announces First Phase of Ontario Property Acquisitions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - Cascadero Copper Corp. (TSX VENTURE:CCD) has acquired by staking a 100% interest in six properties in the Swayze gold belt of Ontario.

Ontario Property Township Claims Units
Jerome South West Fingal 11 118
Jerome West Osway/Esther 12 161
Rush Lake Marion/Mallard/Genoa 14 200
Benton Benton 5 16
Groves Champagne/Groves 6 72
Hong Kong Hong Kong/Edith/Fawn 12 184
Totals   60 751

Cascadero is also negotiating option agreements on five other properties totaling 307 units in the Sudbury and Swayze area. Some of the claims adjoin properties staked by the Company.

Cascadero also intends to purchase eight properties in the Timmins and Swayze areas. The option and purchase agreements are subject to regulatory approval.

Cascadero intends to compile all data on each property over the next four months with a view to an initial exploration program in the summer months. 

Maps of the properties will be available on the Company website next week.

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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