Palisades Petroleum Corporation
PINK SHEETS : PAPT
FRANKFURT : 3X2

Palisades Petroleum Corporation

April 07, 2009 15:39 ET

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

RENO, NEVADA--(Marketwire - April 7, 2009) - 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.

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