Mr. Jeff Stieber reports

PALISADES ACQUIRES SECURITIES OF VR RESOURCES LTD.

Through Palisades Goldcorp Ltd.'s wholly owned subsidiary Palisades Investments Ltd., the company has acquired beneficial ownership of 5,375,000 common shares and 2,687,500 common share purchase warrants of VR Resources Ltd., whose head office is at 1500, 409 Granville St., Vancouver, B.C., V6C 1T2, Canada, pursuant to a private placement of VR Resources that closed on Sept. 16, 2026 (the acquisition).

Under the acquisition, Palisades Investments subscribed for 5,375,000 units of VR Resources at a price of 40 cents per unit, forming part of a private placement by VR Resources of an aggregate of 18.75 million units. Each unit comprises one share and one-half of one common share purchase warrant, and each whole warrant entitles the holder to acquire one share at a price of 65 cents per share for a period of two years from the date of issuance.

The 5,375,000 shares acquired under the acquisition represent approximately 8.81 per cent of the 61,039,179 issued and outstanding shares of VR Resources immediately following closing of the private placement, resulting in a corresponding change to the aggregate percentage ownership of VR Resources by Palisades. Immediately before the acquisition, Palisades beneficially owned, indirectly through Palisades Investments, 3,094,000 shares, representing approximately 7.32 per cent of the 42,289,179 issued and outstanding shares of VR Resources, and 1.9 million common share purchase warrants of VR Resources. The existing warrants consist of 1.5 million common share purchase warrants exercisable at 20 cents per share until Jan. 20, 2029, and 400,000 common share purchase warrants exercisable at 30 cents per share until April 24, 2029. Assuming exercise of all of the existing warrants, Palisades would have beneficially owned 4,994,000 shares, representing approximately 11.30 per cent of the shares on a partially diluted basis (calculated as 4,994,000 divided by 44,189,179).

Immediately following the acquisition, Palisades beneficially owns, indirectly through Palisades Investments, 8,469,000 shares, representing approximately 13.87 per cent of the 61,039,179 issued and outstanding shares of VR Resources, and 4,587,500 common share purchase warrants of VR Resources, consisting of the existing warrants and the September warrants. Assuming exercise of all of those warrants, Palisades would beneficially own 13,056,500 shares, representing approximately 19.90 per cent of the shares on a partially diluted basis (calculated as 13,056,500 divided by 65,626,679).

The acquisition did not take place on a stock exchange or other market that represents a published market for the shares. The units were issued from the treasury of VR Resources by way of private placement, and the consideration paid by Palisades, indirectly through Palisades Investments, was cash in the aggregate amount of $2.15-million.

The holdings of securities of VR Resources by Palisades are held for investment purposes, and Palisades may increase or decrease its investment in VR Resources at any time depending on market conditions or any other relevant factor.

On Aug. 27, 2026, Palisades issued a news release and filed an early warning report in respect of shares acquired through the facilities of the TSX Venture Exchange on that date. Those documents identified Palisades as the acquiror and did not disclose that the securities reported in them were held directly by Palisades Investments, or name Palisades Investments as a joint actor. The numbers and percentages of securities disclosed in those documents were, and remain, accurate, and the beneficial ownership and control or direction of Palisades in respect of those securities is unchanged.

Additional information

An early warning report will be filed by Palisades in accordance with applicable securities laws and will be available on SEDAR+ under VR Resources' issuer profile. A copy of the early warning report may also be obtained by contacting Jeff Stieber at Palisades Goldcorp, 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, 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 TSX-V 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.

We seek Safe Harbor.