CCR

Cascadia Resources Inc. (TSX VENTURE:CCR) (the "Corporation") announces a non-
brokered private placement of a minimum of 4,000,000 and a maximum of 6,250,000
common shares of the Corporation to be issued on a flow-through basis
("Flow-through Shares") at a price of $0.12 per share for proceeds of $480,000
to $750,000 (the "Private Placement"). Proceeds from the private placement will
be used to fund exploration and development drilling and related activities on
properties farmed into or to be acquired. The Private Placement will be subject
to approval by the TSX Venture Exchange.


Pursuant to the policies of the TSX Venture Exchange and Multilateral Instrument
61-101, the Private Placement is classified as a "related party transaction" as
Gordon Bowerman and James Evaskevich, directors of the Corporation, and Trish
Olynyk, the CFO of the Corporation (collectively, the "Related Parties") intend
to subscribe for at least 1,600,000 Flow-through Shares.


The Private Placement was approved by one of the three directors, the two
Related Party directors having abstained from the vote. The director who voted
determined that exemptions from the formal valuation and minority shareholder
approval requirements under the Multilateral Instrument 61-101, are available
since the fair market value of the consideration paid by the Related Parties in
connection with the Private Placement is for an amount less than $2,500,000.

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