Palisades Petroleum Corporation: Negotiations in Progress to Acquire Mexican Mining Claims

RENO, NEVADA, Apr 07 (MARKET WIRE) --
Palisades Petroleum Corporation (PINK SHEETS: PAPT)(FRANKFURT: 3X2) is
pleased to announce that management of the company is engaged in
negotiations with Exploracione Mocuzarit S.A. de C.V, to option the
strategic mining claims the Mexican Company holds in the municipality of
Alamos, Sonora, Mexico.

The Alamos area mining district is known for its multi-metallic mining
properties containing vast amounts of minerals including gold, silver,
copper, lead, zinc, graphite and tungsten. The highly productive mines of
Frontera Copper and Pan American Silver are located in the vicinity.

Further news regarding this acquisition will be released as soon as it
becomes available.

Further information on the progress of the Company's activities will be
presented on a timely basis.

Palisades Petroleum Corporation

Signed: Leslie Rutledge, President

Disclaimer: This announcement may contain forward-looking statements
which involve risks and uncertainties that include, among others, limited
operating history, limited access to operating capital, factors detailed
in the accuracy of geological and geophysical results including drilling
and seismic reports; the ability to close the acquisition of Oil and Gas
exploration properties, and other factors which may cause the actual
results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed
or implied by such forward-looking statements. More information is
included in Palisades Petroleum Corporation filings with the Pink Sheets
LLC and may be accessed at http://www.pinksheets.com.

Contacts:
Palisades Petroleum Corporation
Bill Rusin
(775) 636-8529
Email: brusin@palisadespetroleum.com
Website: www.palisadespetroleum.com

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