Upsizing of Bought Deal Public Offering to C$10M TSXV:GLDC Calgary, Alberta--(Newsfile Corp. - March 3, 2022) - Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) ("Cassiar Gold" or the "Company") is pleased to announce that, due to significant investor demand, the Company has agreed to amend its agreement with Red Cloud Securities Inc. and Raymond James Ltd. (the "Co-Lead Underwriters") as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to increase the size of the Company's previously announced offering from C$6.0 million to C$10.0 million. Under the revised offering, the Underwriters have agreed to purchase 6,666,667 flow-through units of the Company (each, a "FT Unit") to be resold to charitable purchasers at a price of C$1.50 per FT Unit (the "Offering Price") on a "bought deal" basis by way of a short form prospectus for gross proceeds of C$10,000,001 (the "Offering").