Mr. Collin Kettell reports

PALISADES BEGINS TRADING ON TSX VENTURE EXCHANGE

Palisades Goldcorp Ltd.'s common shares have been approved for listing on the TSX Venture Exchange as a Tier 2 issuer under the symbol PALI. The company's common shares commenced trading as at the opening of the markets on Monday, Feb. 6, 2023. No public offering of common shares was carried out in connection with the listing. Palisades holds a diverse portfolio of securities and derivatives, among which it holds a 26.67-per-cent interest in New Found Gold Corp.

The exchange issued a bulletin on Feb. 2, 2023, confirming the listing.

About Palisades Goldcorp Ltd.

Palisades Goldcorp is a resource investment company and merchant bank focused on junior companies in the resource and mining sector. The company seeks to acquire equity participation in preinitial public offering and early-state public resource companies with undeveloped or undervalued high-quality projects. The company focuses on companies that are in need of financial resources to realize their full potential, are undervalued in capital markets and/or operate in jurisdictions with low to moderate local political risk. The company expects to continue to make investments, pursuant to its dual investment strategy, to achieve broad sector exposure with upside in the event of appreciate in mineral commodities prices, while also providing the potential to realize appreciation in net asset values as a result of discoveries by issuers in which the company holds larger positions. The company is listed on the TSX Venture Exchange under the stock symbol PALI.

We seek Safe Harbor.