PALISADES ANNOUNCES CLOSING OF $ 8,323,200 SECURED CONVERTIBLE NOTES NON-BROKERED PRIVATE PLACEMENT WITH STRATEGIC INVESTOR

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VANCOUVER, BC, May 21, 2025 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades" or the "Company") announces the closing of a non-brokered private placement of secured convertible notes (the "Notes") for aggregate gross proceeds of C$8,323,200 (the "Offering"). The Company will issue two Notes, each in the principal amount of C$4,161,600. The Notes will accrue interest at 10% per annum payable every 6 months. Upon agreement of the Company and holder, the interest payment may be payable in shares of the Company ("Common Shares").