PALISADES ANNOUNCES NEW FOUND CHANGE OF DIRECTORS

VANCOUVER, BC, March 3, 2025 /CNW/ - Palisades Goldcorp Ltd. (TSX-V: PALI) ("Palisades" or the "Company") reports that New Found Gold Corp. ("New Found"), a significant equity investee of Palisades within the meaning of applicable Canadian securities legislation, has appointed Chad Williams to its board of directors (the "New Found Gold Board"). Effective the date hereof, Mr. Williams replaces Collin Kettell, Founder of New Found, who is stepping off the New Found Gold Board.

For further details regarding the director change, please see New Found's news release dated March 3, 2025, accessible on New Found's website (www.newfoundgold.ca) and under New Found's profile on SEDAR+ at www.sedarplus.ca.

About Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. is a resource investment company focused on junior companies in the resource and mining sector. Palisades seeks to acquire equity participation in pre-initial public offering and early-stage public resource companies with undeveloped or undervalued high-quality projects. Palisades 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. Palisades expects to continue to make investments, pursuant to its dual investment strategy, to achieve broad sector exposure with upside in the event of appreciation 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 Palisades holds larger positions. Palisades is listed on the TSX Venture Exchange under the stock symbol "PALI". Palisades holds a diverse portfolio of securities and derivatives, among which it holds a 21.64% interest in New Found Gold Corp. (TSXV: NFG).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

SOURCE Palisades Goldcorp Ltd.

On behalf of the Board of Directors: Collin Kettell, Chief Executive Officer, Phone: [phone], Email: [email protected]