Palisades Petroleum Corporation
PINK SHEETS : PAPT
FRANKFURT : 3X2

Palisades Petroleum Corporation

November 30, 2009 08:19 ET

Palisades Petroleum Updating PinkSheets.com Status

RENO, NEVADA--(Marketwire – Nov. 30, 2009) - Palisades Petroleum Corporation (PINK SHEETS:PAPT)(FRANKFURT:3X2) announces today that they are updating PinkSheets.com status.

Richard Byrd, CEO of Palisades Petroleum, is pleased to announce that the Company is in the final process of updating their information and status at PinkSheets.com from PinkSheets "No Information" to PinkSheets "Current Information".

Palisades Petroleum is a non-reporting company that is making current information publicly available on the Pink Sheets News Service pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information Pink Sheets Guidelines for Providing Adequate Current Information. The "Current Information" category is based on the level of disclosure and is not a designation of quality or investment risk. All current information will also be made available on the Company website at www.PalisadesPetroleum.com on a timely basis as well.

"We are looking forward to updating all of the required information for the benefit of our shareholders and the investing public in general. By updating the Company's status, we hope to let investors know the future direction of the Company, as well as our intent to keep shareholders and investors updated on an ongoing and timely basis of Company developments" said Richard Byrd.

The Company expects the status change to "Current Information" within the next few days.

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 www.pinksheets.com.

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