Mr. Jeff Stieber of Palisades Goldcorp reports

PALISADES ACQUIRES SECURITIES OF SONORO GOLD CORP

Palisades Goldcorp Ltd. has acquired beneficial ownership of 22 million units of Sonoro Gold Corp., effective June 10, 2026. Each subject unit consists of one common share of Sonoro and one common share purchase warrant exercisable at 34 cents for a period of three years from the date of issuance. The subject units were acquired pursuant to a private placement from the treasury of Sonoro.

The subject units represent approximately 5.13 per cent of all issued and outstanding shares as at June 10, 2026 (or approximately 9.76 per cent on a partially diluted basis, assuming exercise of the warrants only), resulting in a corresponding change to the aggregate percentage ownership of Sonoro by Palisades.

Immediately before the acquisition, Palisades beneficially owned 15.25 million shares and 15.25 million share purchase warrants of Sonoro. Immediately following the acquisition, Palisades beneficially owns 37.25 million shares, representing approximately 8.69 per cent of all issued and outstanding shares as at June 10, 2026. assuming exercise of the warrants only, Palisades would beneficially own approximately 12.14 per cent on a partially diluted basis and approximately 14.80 per cent on a partially diluted basis assuming exercise of all total warrants, as at June 10, 2026.

The subject units were acquired pursuant to the private placement for a price of 25 cents per subject unit. The holdings of securities of Sonoro by Palisades are held for investment purposes, and Palisades may increase or decrease its investment in Sonoro at any time, or continue to maintain its current investment position, depending on market conditions or any other relevant factor.

Additional information

An early warning report will be filed by Palisades in accordance with applicable securities laws and will be available on SEDAR+ under Sonoro Gold's issuer profile. A copy of the early warning report may also be obtained by contacting Jeff Stieber at Palisades Goldcorp, Suite 221, 998 Harbourside Dr., North Vancouver, B.C., V7P 3T2 (telephone: 845-535-1486).

About Palisades Goldcorp Ltd.

Palisades Goldcorp is a Canadian company incorporated in the province of British Columbia acting as a resource investment company and merchant bank focused on junior companies in the resource and mining sector and advancing and developing its own mineral projects. The company is focused on providing retail and institutional investors with exposure to the junior resource space. The company expects to continue to make investments, pursuant to its 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 the company holds investment or warrant positions. The company owns an exploration project portfolio in Nevada, United States, the Eco Ridge uranium project in Ontario, Canada, and a royalty on the Atlanta gold mine project, and it holds physical gold, platinum and silver bullion. The common shares of the company are listed and posted for trading on the TSX Venture Exchange under the symbol PALI. Palisades's management team identifies highly prospective assets in politically safe jurisdictions and seeks to unlock their value by providing strategic investments, proven technical skills, global knowledge and increased access to industry relationships.

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