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PALISADES PROVIDES UPDATE ON RETURN OF CAPITAL TRANSACTION

Newswire.ca - Mon Sep 8, 2025

VANCOUVER, BC, Sept. 8, 2025 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades" or the "Company") is pleased to announce that the Company has obtained the final order of the Supreme Court of British Columbia approving the previously announced plan of arrangement (the "Arrangement") and has fixed Monday September 15, 2025 has the record date for the distribution of the New Found Gold Corp ("New Found") common shares to the Company's shareholders (the "Distribution Record Date"). The Company received shareholder approval for the Arrangement, which contemplates the return of capital transaction at its annual and special meeting held on August 27, 2025.

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