Cascadia International Resources Inc.
TSX VENTURE : CJ

Cascadia International Resources Inc.

August 17, 2007 12:33 ET

Cascadia Closes Sale of Raglan Properties to Goldbrook

CALGARY, ALBERTA--(Marketwire - Aug. 17, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Cascadia International Resources Inc. ("Cascadia") (TSX VENTURE:CJ) is pleased to announce, further to its press release dated July 23, 2007, that it has closed its disposition with Goldbrook Ventures Inc. ("Goldbrook") acquiring all of Cascadia's interest in its properties in the Raglan belt and associated assets (the "Property"). As consideration for the sale of the Property, Goldbrook has (i) paid to Cascadia $2 million (Cdn funds); (ii) issued 2 million shares; (iii) issued 2 million common share purchase warrants with each warrant entitling Cascadia to purchase one common share of Goldbrook at $0.35 per share until August 16, 2012; and (iv) granted Cascadia a 0.5% net smelter royalty on the Property, with the exception of any portion of Property that carried any royalty to any other entity, other than Novawest Resources Inc.

Cascadia wishes Goldbrook success in its future exploration plans in the Raglan area. Cascadia shareholders will continue to have an interest in the Raglan belt exploration by means of Cascadia's new share position in Goldbrook.

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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