Palisades Petroleum Corporation
PINK SHEETS : PAPT

Palisades Petroleum Corporation

January 24, 2007 09:46 ET

Palisades Petroleum Corporation: New Board Member Announced

RENO, NEVADA--(CCNMatthews - Jan. 24, 2007) - Palisades Petroleum Corporation (PINK SHEETS:PAPT) is pleased to announce the appointment of Mr. Dennis R. Lorrig to the Board of Directors. Mr. Lorrig, a resident of San Diego, California has a Bachelor of Science Degree majoring in Math and Economics and studied Applied Engineering at the University of Wisconsin at the Greenbay Engineering Corps at Proctor and Gamble.

He has worked for major corporations in developing strategic product growth and has assisted in many charitable events. The company feels very confident that his engineering background coupled with his ability to raise capital will be extremely beneficial for the next stage of development for the corporation.

Further information on the progress of the Companies activities will be presented on a timely basis.

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.

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