Cascadia International Resources Inc.
TSX VENTURE : CJ

Cascadia International Resources Inc.

August 15, 2007 17:10 ET

Cascadia Announces Private Placement

CALGARY, ALBERTA--(Marketwire - Aug. 15, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Cascadia International Resources Inc. ("Cascadia") (TSX VENTURE:CJ) is pleased to announce its intention to complete a non-brokered private placement of a maximum of 2,500,000 units ("Units") at $0.20 (Cdn Funds) per Unit (the "Offering") for proceeds of up to $500,000. Each Unit will be comprised of one common share of the Corporation issued on a "flow-through" basis under the Income Tax Act (Canada) (the "FT Shares") and one-half of one common share purchase warrant (the "Warrants), with each whole Warrant exercisable anytime up to December 31, 2008 at $0.25 (Cdn Funds) per share. The Offering is subject to approval by the TSX Venture Exchange Inc. The proceeds from the Offering will be used to incur eligible Canadian Exploration and Development Expenses. Funds will be used on the molybdenum property in southern British Columbia (see press release dated August 1, 2007) and on the Norton property in northern Ontario.

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

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