Cascadero Copper Corporation has provided an update on the proposal to form a new joint venture company with Golden Minerals Company with respect to the Desierto I and II concessions located in Salta, Argentina. In mid-October 2022, Cascadero was informed by Golden Minerals that a recent ruling by the Salta Mining Court to invalidate the Desierto I concession is being appealed and that a decision on the appeal is not expected for approximately six months. By mutual agreement of the parties, Golden Minerals manages the Desierto I and II concessions in which Cascadero has a one-third interest.