File: Attachment 20260611_PALI_NR_EWR- Sonoro PP Units_FINAL.pdf

PALISADES ACQUIRES SECURITIES OF SONORO GOLD CORP

June 11, 2026 Vancouver, BC Palisades Goldcorp Ltd. (TSXV:PALI) ("Palisades" or the "Company") announces that it has acquired beneficial ownership of 22,000,000 units (the "Subject Units") of Sonoro Gold Corp. ("Sonoro"), effective June 10, 2026 (the "Acquisition"). Each Subject Unit consists of one common share of Sonoro ("Share") and one common share purchase warrant ("Warrant") exercisable at $0.34 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 "Private Placement").

The Subject Units represent approximately 5.13% of all issued and outstanding Shares as at June 10, 2026 (or approximately 9.76% 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 15,250,000 Shares and 15,250,000 share purchase warrants of Sonoro ("AW", and together with the Warrants, the "Total Warrants"). Immediately following the Acquisition, Palisades beneficially owns 37,250,000 Shares, representing approximately 8.69% of all issued and outstanding Shares as at June 10, 2026. Assuming exercise of the Warrants only, Palisades would beneficially own approximately 12.14% on a partially diluted basis, and approximately 14.80% 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 $0.25 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+ at www.sedarplus.ca under Sonoro's issuer profile. A copy of the early warning report may also be obtained by contacting Jeff Stieber at Palisades Goldcorp Ltd., #221 998 Harbourside Drive, North Vancouver, BC, V7P 3T2, Tel: (845) 535-1486.

About Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. 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, USA, the Eco Ridge uranium project in Ontario, Canada, a royalty on the Atlanta Gold Mine Project, and holds physical gold, platinum and silver bullion. The common shares of the Company are listed and posted for trading on the TSXV under the symbol "PALI". Palisades' 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. For further information regarding Palisades, please contact:

Jeff Stieber Chief Financial Officer Phone: +1 (845) 535-1486 Email: jeff@palisades.ca

Neither the TSX Venture Exchange nor its Regulatory 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.

Cautionary Statements Regarding Forward Looking Information

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operations and activities of Palisades, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. All statements in this news release, other than statements of historical fact, including, without limitation, statements relating to the TSX Venture Exchange approval of the Conversion and the plans and business of Palisades are forward- looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Palisades, are inherently subject to significant business, economic, technical, geologic, environmental, regulatory, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Palisades does not assume any obligation to update forward-looking statements should beliefs, opinions, projections, or other factors, change, except as required by applicable securities laws.