VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 1, 2012) - Cascadero Copper Corporation (the "Company") (TSX VENTURE:CCD) is pleased to announce the appointment of Mr. Peter Barnes, CA, as an Advisor to the Company. Peter has over twenty-five years of senior management experience in the financial and mining industries.
From 2003, until his appointment as Chief Executive Officer of Silver Wheaton in early 2006, Mr. Barnes was the Chief Financial Officer of Wheaton River Minerals and subsequently Goldcorp Inc. During this time, Mr. Barnes was an integral part of a team responsible for transforming Wheaton River/Goldcorp from a junior gold producer to one of the world's leading low-cost emerging senior gold producers.
From 2006 until April 2011, Mr. Barnes was CEO of Silver Wheaton, a company he co-founded in 2004. Under his leadership, Silver Wheaton, with its unique silver streaming model, provided shareholders with a 50% annualized rate of return, and became one of the largest silver companies in the world, with a market capitalization of approximately US$15 billion. Silver Wheaton shares trade under the symbol "SLW" on the NYSE and TSX.
In 2010, Mr. Barnes was honoured with the National Ernst & Young Entrepreneur of The Year Special Citation Award for Innovative Global Strategies and the 2010 Pacific Region Award for Mining and Metals. He is an active member in the community, and is involved in a number of non-profit organizations including serving as a Board member for the BC Special Olympics. Mr. Barnes has also served as a member of the Silver Institute's Board of Directors. Mr Barnes holds a BSc in Economics from the University of Hull, England and in July of 2012 the university endowed him with an honorary degree of Doctor of Science in Economics.
On behalf of the directors
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