Cascadia International Resources Inc.
TSX VENTURE : CJ

Cascadia International Resources Inc.

August 12, 2005 16:03 ET

Cascadia Announces Closing of Private Placement

CALGARY, ALBERTA--(CCNMatthews - Aug. 12, 2005) - Cascadia International Resources Inc. (TSX VENTURE:CJ) ("Cascadia") is pleased to announce that Cascadia completed the second closing of its previously announced private placement of units (the "Offering") with the sale of 520,000 units (the "Units") at $0.25 per Unit for gross proceeds of $130,000. After completion of the two closings, an aggregate of 3,166,000 Units were issued at $0.25 per Unit for aggregate gross proceeds of $791,500. Each Unit consisted of one common share of the Corporation issued on a "flow-through" basis under the Income Tax Act (Canada) (the "FT Shares") and one non-transferable common share purchase warrant (the "Warrants"). Each Warrant is exercisable into a FT Share on or before December 15, 2006 at $0.40 per FT Share.

The FT Shares are subject to a four month hold period from the respective closing dates.

Cascadia now has 41,932,121 common shares outstanding.

The proceeds from the Offering are being used to incur eligible Canadian Exploration and Development Expenses. In particular, Cascadia has been drilling on its Norton Property in Northern Ontario to test three new conductors that have similar airborne signatures to the existing deposit.

Cascadia is a public mining company listed for trading on the TSX Venture Exchange Inc. under the symbol "CJ". More information on Cascadia can be found under Cascadia's listing at www.sedar.com.

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

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