Palisades Petroleum Corporation

Palisades Petroleum Corporation

April 12, 2007 16:43 ET

Palisades Petroleum Corporation: Montana Gas Well Evaluation Report

RENO, NEVADA--(CCNMatthews - April 12, 2007) - Palisades Petroleum Corporation (PINK SHEETS:PAPT) is in receipt of a Wellsite Report and Post-Drill Analysis on the State 3384-5 well, located in Liberty County, Montana. This detailed report presented by the Geologist for the prospect, will help determine where to drill subsequent potential wells on the properties adjoining this well.

Additional well locations are currently being studied by the project partners.

Further information on the progress of the Company's 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

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