Cascadero Copper Corporation: Gold Fields Mobilizes for MEX Cu-Au Porphyry Prospect Toodoggone Project in North Central Brit...

Cascadero Copper Corporation (TSX VENTURE:CCD) - 

Gold Fields is mobilizing a drill crew to the MEX Cu-Au-Mo porphyry prospect on
Cascadero's Toodoggone Project in north central British Columbia, Canada, for
continued exploration.


The 2012 program will consist of approximately 2,000 metres of core drilling and
is expected to be completed by 15 August 2012. The 2012 expenditure program is
expected to achieve the C$5 million threshold that will vest Gold Fields with a
51% interest. 


In 2011, Gold Fields drilled 7 core holes on the MEX porphyry system for a total
of 2,447.9 metres. The area explored by drilling is approximately 500 metres
northeast to southwest by 900 metres northwest to southeast. The 2012 program
will further test this area as well as other undrilled geophysical anomalies. 


On March 6th 2009, Cascadero signed an Option and Joint Venture Exploration
Agreement (the "Option Agreement") with Gold Fields. Pursuant to the Option
Agreement, Gold Fields can earn a 51% interest in Cascadero's Toodoggone Project
by spending at least C$5 million over an initial three-year option period. Gold
Fields can earn a further 24% interest by completing a feasibility study or sole
funding a further C$15 million expenditure. Gold Fields' exploration expenses to
date are approximately C$4 million. 


Due to an indigenous complaint in 2010, the agreement was subject to force
majeure and a full exploration season was lost. The agreement was mutually
extended for one year - 2012 is thus the third year of Gold Fields' option. Gold
Fields holds a three-year British Columbia N.O.W. permit. 


The property is located in the Toodoggone region in north-central British
Columbia, which is about 550 km north of Prince George. The MEX prospect is
approximately 16 km northeast of the Aurico Kemess mine property, formerly owned
by Northgate Minerals. The area has excellent infrastructure including a 52,000
tonne flotation-concentration mill that is on care and maintenance. 


ABOUT CASCADERO COPPER

Cascadero Copper is an integrated prospecting and mineral exploration business
with offices in North Vancouver, BC, Canada, Sudbury, Ontario, Canada and Salta
City in the province of Salta, Republic of Argentina. The Company generates,
acquires and explores mineral properties and is active in the three
jurisdictions. 


In north central British Columbia, the Company has a 100% interest in a 31,000
hectare property in the Toodoggone region, which is prospective for copper gold
porphyry systems. This property is subject to a C$20 million Joint Venture with
Gold Fields. 


In Ontario, the Company holds or has the right to acquire a 100% in 17
properties in the Sudbury, Swayze and Timmins camps, which are volcanic and
sediment hosted copper gold prospects. 


In north western Argentina, the Company holds a 50% interest in a 46 property
portfolio, which consists mainly of bulk mineable copper-moly-gold porphyries
and bulk mineable sediment hosted silver-gold plus base and rare metals. 


Cascadero's commodity focus is gold, silver, moly, copper, base and rare metal
hosted in large-scale bulk mineable mineral systems. 


In 2009, the Company discovered Taron, a large bulk mineable sediment hosted
epithermal rare metal deposit in Argentina. In 2011, Cascadero discovered Las
Burras, a new Argentine Cu-Mo-Au porphyry. 


The Company holds a large claim block that adjoins Lumina Copper's Taca Taca
Bajo Cu-Mo-Au deposit. Several copper and gold showings exist on these claims. A
first stage geochemical program is complete. 


In 2012 to 2013, Cascadero intends to conduct exploration in three core areas:
Pancho Arias Cu-Mo-Au porphyry District, the Taca Taca Mineral District and the
bulk mineable sediment hosted silver prospects in the El Oculto District.
Exploration is also planned for Taron, an exciting large-scale sediment hosted
rare metal discovery.