Cascada Silver Corp. has signed an option agreement to acquire a 100% interest in the 1,500 hectare Angie Copper Molybdenum Project (the "Angie Project") located in Region III, Chile, approximately 75 kilometres east of the City of Copiapo. The Angie Project is located at lower altitudes (2,800 to 3,200 metres) with good road access.

Historical geochemical rock chip sampling on the Angie Project outlined a +50 parts per million ("ppm") molybdenum anomaly encompassing an area of approximately 1,000 by 1,500 metres with molybdenum assays of up to 1,150 ppm. The undrilled molybdenum anomaly is associated with anomalous tin and tungsten assay. Molybdenum anomalies commonly occur as halos around Chilean copper porphyry systems. Two lines of induced polarization geophysics completed over the area covered by the molybdenum anomaly outlined a strong chargeability anomaly and resistivity anomaly.

The majority of the molybdenum anomaly is hosted within a granodiorite, cut by abundant quartz veins, through which erosion has exposed a narrow potassic-altered, dacitic porphyry with local tourmaline and oxidized sulphide remnants. It is interpreted that the molybdenum anomaly and concomitant induced polarization anomalies are associated with a mineralized porphyry system at depth. Preliminary exploration plans will consist of confirmation geological and structural mapping followed by reverse circulation drilling to test the zone of high chargeability lying beneath the molybdenum anomaly.

Angie Project Option Agreement Terms: Under the terms of the option agreement, Cascada has made an initial payment of $15,000 to the vendor ("Vendor") of Angie Project (all dollar amounts are USD). A further series of increasing annual payments are payable on the anniversary date of the agreement as follows: $35,000; $300,000; $750,000; and $2,500,000, payable upon the first, second, third and fourth anniversary dates, respectively, for total payments of $3,600,000. The second through fourth anniversary payments may be paid 50% in cash and 50% in Cascada common shares at Cascada's choice.

In addition to the annual payments, upon Cascada earning a 100% interest in the Project, the Vendor will receive a 1.5% net smelter royalty, two thirds of which may be purchased by Cascada for $5,000,000 for a period of up to one year from the start of commercial production. NI 43-101 Technical Disclosure: The Qualified Person, as defined by National Instrument 43-101 of the Canadian Securities Administrators, for Cascada's exploration activities in Chile is Sergio Diaz, a resident of Santiago, Chile. Mr. Diaz is a Public Registered Person for Reserves and Resources N° 51, in Chile and is also registered in the Colegio de Geólogos de Chile under N° 315.