Cascadia Purchases the Byng and Mars Properties in Southern Yukon

About this update from Strategic Metals Ltd.

VANCOUVER, BC, Feb. 24, 2026 /CNW/ - Cascadia Minerals Ltd. ("Cascadia") (TSXV: CAM) (OTCQB: CAMNF) is pleased to announce that it has signed an agreement to purchase the Byng and Mars properties from Strategic Metals Ltd. ("Strategic"). Under terms of the purchase agreement, which is subject to TSX Venture Exchange acceptance, Strategic has agreed to sell Cascadia a 100% interest in the Byng and Mars projects, subject to a 2% NSR, for consideration of $125,000 in cash, and $125,000 in Cascadia shares priced on the volume-weighted average trading price of Cascadia shares for the fifteen days immediately prior to the closing date. Cascadia has the option to purchase half of the NSR Royalty for $2 million, subject to adjustment by the Canadian Consumer Price Index. The Cascadia shares will be subject to customary resale restrictions. The Byng and Mars properties complement and expand Cascadia's grassroots regional property portfolio, focused on copper-gold porphyry exploration in the Stikine Terrane, a geologically favourable setting which extends into Yukon from BC's Golden Triangle. Figure 1 – Property Location Map Closing of the purchase is subject to TSX Venture Exchange acceptance, and approval from the Teslin Tlingit Council ("TTC") for Cascadia to assume certain responsibilities under an existing Exploration Agreement between Strategic and the TTC pertaining to the Byng property. Byng Property Overview The 18 km2 Byng Property is located 50 km northeast of Whitehorse in southern Yukon, within the traditional territories of the TTC, Ta'an Kwäch'än Council ("TKC"), and Kwanlin Dün First Nation ("KDFN"). The Byng property is located within the Stikine Terrane, within a package of Triassic volcanics and Mid-Cretacious intrusives. It hosts a number of low-sulphidation epithermal veins with gold-silver-copper mineralization. Sporadic exploration has been conducted on the property since 1986, including soil sampling, prospecting, and geophysical surveys. The property exhibits zones of anomalous soil geochemistry, with peak values of 1,770 ppb gold, 30 ppm silver, 3420 ppm arsenic, 517 ppm copper, and 69 ppm molybdenum. Prospecting has identified high grade mineralization with grab samples including 126.9 g/t gold, 164.5 g/t silver and 6.5% copper. Mars Property Overview The 19 km2 Mars P...

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