Mr. Justin Daley reports

PALISADES' MADE IN AMERICA GOLD CORP. CLOSES ACQUISITION OF UNDERCOVER GOLD, ADDING 73KM2 GROUND PACKAGE JUST 6KM SOUTH OF FOURMILE AND GOLDRUSH

Palisades Goldcorp Ltd.'s subsidiary, Made in America Gold Corp. (MIAG), has successfully completed the acquisition of Undercover Gold Inc. for the South Cortez and South Tonkin properties. Undercover was founded by NewQuest Capital Inc., which is led by an industry-recognized exploration team that has structured numerous earn-in joint venture deals with major mining companies across a global portfolio of exploration projects. Property details for MIAG's 10 district-scale projects can be found on the new Made in America Gold website.

The newly acquired properties target classic Carlin-type gold mineralization within the lower plate of the Robert's Mountain thrust, a geological setting synonymous with Nevada's largest discoveries. While the Cortez district has a long history of production, the South Cortez and South Tonkin blocks remain remarkably underexplored, particularly at depth. Existing technical data, including seismic and aeromagnetic surveys, and historical drilling, indicate that favorable lower-plate host rock stratigraphy resides at accessible depths of less than 400 metres. MIAG is now positioned to leverage an extensive database to test high-priority targets that have seen limited exploration compared with neighbouring major-operated land packages.

Justin Daley, chief executive officer of MIAG, stated: "The closing of the South Cortez and South Tonkin acquisition marks a transformative milestone for MIAG. By integrating these projects into our portfolio, we are easily the biggest junior company landholder in Nevada, controlling roughly 800 square kilometres of the state's most productive and prospective gold trends. These projects don't just add acreage; they represent newly consolidated claim groups just six kilometres south of the Tier 1 Goldrush and Fourmile deposits. With favourable lower-plate geology confirmed at shallow depths and a wealth of historic data already in hand, we are positioned to unlock value in part of a district that has already proven to host 10-million-ounce-plus deposits. Our focus now shifts to integrating data, advancing our own exploration programs and delineating high-priority targets that have remained underexplored for far too long."

South Cortez and South Tonkin projects

MIAG's acquisition of the South Cortez and South Tonkin mineral properties expands its Battle Mountain-Eureka portfolio by approximately 73 square kilometres, further establishing the entity as the biggest junior mineral claim holder in Nevada. These properties are located along trend with world-class deposits including Pipeline, Cortez Hills and Goldrush, which have collectively produced or contain over 60 million ounces of gold. MIAG now controls approximately 800 square kilometres, with each project adjacent to major deposits and mines operated by Nevada Gold Mines, SSR Mining, McEwen Mining and I-80 Gold.

Transaction terms

MIAG and Undercover entered into a definitive share purchase agreement, pursuant to which MIAG acquired all the outstanding shares of Undercover, subject to customary terms and conditions for a transaction of this nature, including acceptance by the TSX Venture Exchange, and other standard closing deliverables set out in the definitive agreement. As consideration, Undercover shareholders received a total of 1,642,710 common shares of MIAG, representing 10-per-cent equity interest in MIAG upon closing. The transaction closed on Feb. 18, 2026.

All existing royalties and option agreements related to the South Cortez and South Tonkin properties remained in place. In addition, certain claims within the South Cortez and South Tonkin claim blocks that are 100 per cent owned by Undercover are subject to a 1.75-per-cent net smelter royalty (NSR) retained by NewQuest.

Immediately before the transaction closing, Palisades put in place and retained a 1.75-per-cent NSR on all 100-per-cent-owned MIAG claims and projects (excluding South Cortez and South Tonkin) by forming a new subsidiary to hold such NSR interests for the sole benefit of Palisades shareholders. Additionally, the 3.0-per-cent NSR on Nevada King Gold Corp.'s Atlanta gold mine project previously held by Palisades in the MIAG entity was transferred to the newly formed subsidiary for the sole benefit of Palisades shareholders.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Justin Daley, PGeo, who is a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. The qualified person has verified the data disclosed herein to the extent possible, including reviewing publicly available information and technical documentation. No independent sampling, analytical or site verification has been undertaken at this stage.

About Palisades Goldcorp Ltd.

Palisades Goldcorp is a resource investment company focused on junior companies in the resource and mining sector. Palisades seeks to acquire equity participation in pre-IPO (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-V under the stock symbol PALI. Palisades holds a diverse portfolio of securities and derivatives, among which it holds a 9-per-cent interest in New Found Gold Corp.

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