Pacific Cascade Closes Private Placement

(via Thenewswire.ca)

TSX-V: PCV

Vancouver, British Columbia, Canada - December 18, 2012 - Pacific Cascade Minerals Inc. (the "Company") has closed its non-brokered private placement financing of 3,100,000 units at $0.05 per unit for aggregate gross proceeds of $155,000.

Each unit consists of one common share and one share purchase warrant of the company. Each whole share purchase warrant entitles the holder, on exercise, to purchase an additional common share of the company at a price of $0.10 per share for a period of two years. The securities issued are subject to a four-month hold period.

The Company paid $6,300 as finders' fees on a portion of the private placement.

Proceeds of the private placement will be used for working capital and for further exploration of the Company's El Centenario project.

Board of Directors

Effective December 15, 2012 Mr. David McMillan has announced his retirement from the Pacific Cascade Minerals Board of Directors. Mr. McMillan has been a long-time Independent Director of the Company and has provided valuable service to the Board and the Company. The Board of Directors and Management of the Company wish David all the best in his future endeavours.

About the Project

The El Centenario project is situated 15km southwest of the La Cienega mine (owned by Fresnillo PLC) a structurally controlled gold-silver-lead-zinc mineral deposit that has been in production since early?1999. To date, the La Cienega mine has produced more than 2M oz of gold and 50M oz of silver. Additionally, the world-class Metates deposit (27M oz gold equivalent owned by Chesapeake Gold Corporation (TSX-V: CKG) is located 10 km south-southeast of the El Centenario project. The project area encloses a historical, little-explored mining district that was active during the Spanish colonial times. The concession block contains dozens of mineral prospects and an abundance of small-scale mine workings. The style of mineralization varies from epithermal, low sulfidation, fracture-filling vein-stock-work breccia systems to skarn and sediment-hosted enriched disseminated zones.

For further information regarding Pacific Cascade Minerals Inc. and the El Centenario project please visit the Company's website at www.pacificcascade.ca.

On behalf of the Board of Directors

"Harold Forzley"

President / CEO ?Pacific Cascade Minerals Inc.

For more information contact Daniel Whittle, Investor Relations at: Telephone: (604) 637-1341 or e-mail ir@pacificcascade.ca.

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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