Cascadia International Resources Inc.
TSX VENTURE : CJ

Cascadia International Resources Inc.

September 18, 2007 12:26 ET

Cascadia Arranges Commodity Swap in Midway

CALGARY, ALBERTA--(Marketwire - Sept. 18, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Cascadia International Resources Inc. ("Cascadia") (TSX VENTURE:CJ) is pleased to announce it has signed a Memorandum of Understanding ("MOU") with Gravity West Mining Corp ("Gravity West") to enter into a formal agreement whereby Cascadia and Gravity West will exchange reciprocal rights to explore each other's mineral properties in the Sibley basin, Ontario, for specific metals.

Cascadia will explore Gravity West claims for nickel and Gravity West will explore Cascadia claims for uranium. No additional consideration is to be exchanged with respect to the exchange of exploration rights. The commodity swap gives both companies access to extensive perspective acreage and data to explore for their target commodity with little up front cost.

The MOU arranges for Gravity West and Cascadia to share aerial survey and geological data, as well as share some exploration expenses. Aerial surveys have already been completed on both companies' properties. Either party will have the right to bring in a joint venture partner. A 2% net smelter return ("NSR") will be maintained by either party on each deposit found on their titled ground by the other party.

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

Contact Information

  • Cascadia International Resources Inc.
    James G. Evaskevich
    CEO/Executive Chairman
    (403) 262-9177
    Website: www.cascadiaintl.com