Palisades Goldcorp Ltd. · TSXV:PALI
Palisades Goldcorp — Investor Presentation (October 2026)
40 slides from Palisades Goldcorp's investor presentation, October 2026
Slide 1: Canada's leading junior resource investment company
Canada’s leading junior resource investment company TSX-V:PALI 1 Palisades Goldcorp Ltd.
Slide 2: Disclaimer
DIS CL AI M ER Certain information in this presentation constitutes forward-looking information, which is information regarding possible events, conditions or results of operations of Palisades that is based upon assumptions about future economic conditions and courses of action and which is inheren
Slide 3: Maximum Leverage to a Junior Gold Bull Market
Maximum Leverage to a Palisades stands Junior Gold Bull Market alone as a single, purpose-built vehicle for Palisades was created to provide capturing the full investors with unparalleled leverage to a force of the coming junior resource bull market. junior mining The Palisades portfolio consists of
Slide 4: Created for Shareholders by Shareholders
Created for Shareholders by Shareholders Industry-leading insider Low operating Share Buybacks $75,000,00O returned ownership of 45% costs to shareholders 45% 2.9M Shares Management & Insiders And have purchased 2.9M shares of the own 45% of the Company. Company through the open market since listing
Slide 5: Created for Shareholders by Shareholders: G&A 2025
Created for Shareholders by Shareholders Industry-leading insider Low operating Share Buybacks $75,000,00O returned ownership of 45% costs to shareholders G&A 2025 G&A for 2025 amounted to just $4.5M or less than 1.3% of the overall portfolio value. 5 Palisades Goldcorp Ltd.
Slide 6: Created for Shareholders by Shareholders: Share Buybacks
Created for Shareholders by Shareholders Industry-leading insider Low operating Share Buybacks $75,000,00O returned ownership of 45% costs to shareholders 1.5M Shares 2.3% Palisades has taken advantage of market conditions to buy back and cancel 1.5M shares, representing 2.3% of the Company. 6 Palis
Slide 7: $75 million returned to shareholders
Created for Shareholders by Shareholders Industry-leading insider Low operating Share Buybacks $75,000,00O returned ownership of 45% costs to shareholders $75 million Palisades has completed eight return-of-capital distributions totaling $75 million, providing shareholders a tax-efficient return on
Slide 8: Industry-Recognized Brand
Industry-Recognized Brand #1 Brand Palisades is a brand with industry-wide recognition, including being mentioned in over 100 press releases since 2020, as well as 26M+ views and 115,000 subscribers through Palisades Gold Radio, the #1 interview platform for everything gold. 8 Palisades Goldcorp Ltd
Slide 9: Led by an experienced management team
Led by an experienced management team Palisades is led by an experienced team with a proven record of delivering shareholder returns Collin Kettell Philip O’Neill Jeff Stieber Founder, Chairman, CEO COO CFO Mr. Kettell is the founder of New Found Mr. O’Neill is a longtime investor in natural Mr. Sti
Slide 10: Guided by a distinguished board of directors
Guided by a distinguished board of directors Palisades is guided by a distinguished board of directors whose expertise spans business strategy, executive leadership, law, and national defense. Gregor Gregersen Elizabeth Harrison,KC William Hayden Douglas Macgregor Independent Director Independent Di
Slide 11: Core to our thesis: a breakout in junior mining stocks is afoot
Core to our thesis: a breakout in junior mining stocks is afoot Junior equities endured a 15-year bear TSX Venture Index - 2 Years 1200 market that drove capital out of the sector. 1100 1000 TSX Venture Index - 20 Years 900 3,500 800 3,000 Start of 15 Year the Next 700 Bear Market 2,500 Commodity in
Slide 12: The Palisades Playbook
The Palisades Playbook Palisades uses its industry knowledge to identify opportunities that have significant upside potential and then structures vehicles or investments to create opportunities for shareholders. In 2016, Palisades established New Palisades also founded Radio Fuels In other cases, Pa
Slide 13: The Palisades Portfolio Overview
The Palisades Portfolio Overview Warrants 1.7 Billion Management has assembled a portfolio of projects and investments that it believes have the ability to offer asymmetric return opportunities in the developing junior gold bull market SIGNIFICANT POSITIONS INCLUDE: 8% Ownership 90% Ownership 100% O
Slide 14: New Found Gold Corp.
New Found Gold Corp. 1-Billion Market Cap New Found is a $1-billion producer, advancing its 100%-owned Queensway Project through permitting and into production. The Queensway Project The Queensway Project is a high-grade gold discovery accessible via the Trans-Canada Highway, with power on site, 15
Slide 15: Made In America Gold
Made In America Gold E I N A ME R D IC MA A 90% Owned by Palisades GO D L Palisades owns 90% of Made in America Gold Corp., a company it founded in 2016, assembling a large property package along the prolific Battle Mountain Trend in Nevada. Utilizing Multiple Avenues The Company operates as a prosp
Slide 16: Radio Fuels Resources Corp.
Radio Fuels Resources Corp. 100% Owned by Palisades Palisades owns 100% of Radio Fuels Resources Corp., which controls the Eco Ridge Uranium and Rare Earth Project. Uranium and Rare Earths With over 10OM Ibs of uranium equivalent, Eco Ridge is one of the largest undeveloped uranium and rare earth pr
Slide 17: Palisades Royalty Ltd.
Palisades Royalty Ltd. Through its 100%-owned subsidiary, Palisades has built a sizable and growing portfolio of royalties, offering leverage to rising commodity prices and new discoveries, with no future funding obligations. Nevada King Gold Corp. Platauro Metals Corp. Made in America Gold Corp. Ra
Slide 18: 1.7 Billion Warrants
1.7 Billion Warrants Asymmetric upside. Unparalleled leverage. A Generational Becoming One of Creating Diverse & A Closing Entry Point Canada’s Most Active Asymmetric Leverage Window Financiers 18 Palisades Goldcorp Ltd.
Slide 19: A Generational Entry Point
A Generational Becoming One of Creating Diverse A Closing Entry Point Canada’s Most & Asymmetric Window Active Financiers Leverage Believing that gold and Palisades quickly Palisades has invested Recent and positive gold stocks were poised became one of over $500 million in more market changes make
Slide 20: Identifying the generational trade opportunity
ldentifying the generational trade opportunity Nascent Junior Lack of Capital Resource Bull Market Providers After 15 years of bear market Despite rising gold prices, capital conditions, the price of gold began was slow to reach the junior mining to rise in 2024, signaling the start of equities, all
Slide 21: Structuring financings and private placements
Structuring financings and private placements Palisades builds positions in top-tier explorers, developers, and producers through private placements, negotiating for: Full warrant coverage on every unit Long-dated expiries, maximizing time value Minimal premium exercise prices relative to the unit p
Slide 22: The power of the almighty warrant
The power of the Example almighty warrant In December 2025, Palisades wrote an $800,000 check to participate in a unit offering for Galantas Gold. A warrant is the right to buy a share at a fixed price for a set Palisades received 10 million units priced period of time. at $O.08, each carrying an at
Slide 23: Becoming one of Canada's most active financiers
Becoming one of Canada’s This strategy most active financiers provides Palisades shareholders with 100+ deals/month broad sector exposure The Palisades team sees over 100 deals per month and highly leveraged uses specific decision criteria to identify opportunities by the power of the and make inves
Slide 24: Active in Canadian and Australian junior markets
In order to maximize leverage and exposure to the junior mining sector, Palisades has become an active participant in both the Canadian and Australian junior markets, which together represent over 90% of listed junior resource companies. 24 Palisades Goldcorp Ltd.
Slide 25: 1.7 Billion Warrants
1.7 Billion Warrants Asymmetric upside. Unparalleled leverage. Palisades has committed — cementing its position over $500M across as one of Canada’s more than 450 financings, most active financiers. accumulating 1.7 billion warrants across 330 companies 25 Palisades Goldcorp Ltd.
Slide 26: Leverage + Broad Commodity Exposure
Leverage + Broad Commodity Exposure While the portfolio is weighted toward precious metals-gold and silver represent the largest share of both dollars committed and warrants accumulated-Palisades also holds meaningful exposure to uranium, critical minerals copper lithium, industrial/fertilizer miner
Slide 27: Long-Dated Warrant Exposure
Long-Dated Warrant Exposure Palisades has focused on securing long-dated warrants, mandating an average duration of three years to maximize the runway for a junior resource bull market to unfold. As of today, the portfolio’s volume-weighted average expiration date is November 11, 2028. This strategy
Slide 28: The best entry points are behind us
The best entry points are behind us Palisades is no longer Deterioration of unit Market changes reaffirm timing of the only game in town offerings model & Palisades’unique position With the price of gold rising, capital As more capital enters the sector, This shift confirms the timing of has flowed,
Slide 29: 22 Warrants per Share
22 Warrants per Share For every Palisades share outstanding, the portfolio holds 22 junior mining warrants —leverage to the sector that is difficult to find anywhere else. We believe this portfolio could not be assembled in today’s market. Owning Palisades is the closest thing to a time machine- acc
Slide 30: Financings by the Numbers
Financings by the Numbers Palisades has participated in 450+ financings since 2024. 300+ companies 1%+ ownership Palisades has established a warrant Palisades has established significant portfolio that represents approximately positions (1%+ ownership) in 194 of those 10% of the junior resource mark
Slide 31: Financings by the Numbers
Financings by the Numbers Palisades has established very significant positions (2%+ ownership) in 140 companies.* Palisades has established: Palisades Portfolio Companies by Ownership Threshold 41 36 37 7%+ Ownership* 5–7% Ownership* 4–5% Ownership* in 4 companies in 22 companies in 36 companies 22
Slide 32: Notable Warrant Positions
Notable Warrant Positions Company Name Ownership¹ Warrants Exercise Price¹ Expiry¹ Buffalo Potash Corporation 3.6% 4,100,000 $0.40 December 2028 Copper Giant Resources Corp. 5.2% 14,465,000 $0.32 November 2027 Coppemico Metals Inc. 3.4% 7,000,000 $0.50 June 2028 DLP Resources Inc. 4.7% 8,800,000 $0.
Slide 33: Additional Notable Warrant Positions
Additional Notable Warrant Positions Company Name Ownership¹ Warrants Exercise Price¹ Expiry¹ Guanajuato Silver Company Ltd. 1.9% 14,330,000 $0.57 September 2028 Gunnison Copper Corp. 4.5% 23,650,000 $0.52 August 2028 Honey Badger Silver Inc. 1.2% 3,125,000 $0.24 April 2029 Kootenay Silver Inc. 1.6%
Slide 34: Additional Notable Warrant Positions
Additional Notable Warrant Positions Company Name Ownership¹ Warrants Exercise Price¹ Expiry¹ Silver X Mining Corp. 3.2% 9,635,000 $0.50 June 2028 Sonoro Gold Corp.² 15.8% 37,250,000 $0.32 March 2029 Southern Silver Exploration Corp. 3.3% 14,311,500 $0.38 May 2028 Spanish Mountain Gold Ltd. 1.9% 10,
Slide 35: Protecting Our Cash With Bullion
Protecting Our Cash With Bullion The Reserve, Singapore Any excess cash held by Palisades that is not currently invested is held All of Palisades’ bullion is safely stored in physical precious metals. Bullion is held in a secure vault in Singapore at the Reserve, which is owned and and is fully allo
Slide 36: Capital Structure
Capital Structure 45% 33% 22% Management Next 10 Largest Other & Insiders Shareholders 71,214,324 6,415,000 1,896,944 79,526,268 Shares Options Warrants Fully Diluted Outstanding Strike Price: $1.38 Avg. Strike Price: $6.61 1 Shares Outstanding Portfolio Value - October, 1 2026 Equities $79M In-the-
Slide 37: Rick Rule quote on a warrant bank
“In the right market condition-which l believe we’ll have sometime in the next five years- the market’s reaction to a warrant bank will be extraordinary. I did it in the early ‘70s and it treated me very well. But in my 70s, I can’t do it anymore. Palisades can do it.” Rick Rule Resource Investor &
Slide 38: Collin Kettell
COLLIN KETTELL collin@palisades.ca 38 Palisades Goldcorp Ltd.
Slide 39: $75 Million Returned to Shareholders
$75 Million Since 2021, Palisades has returned $75 million to shareholders through Returned to Shareholders eight return-of-capital distributions. Issuer Ticker Year Value Nevada King Gold Corp. TSX-V:NKG 2021 $25.9M Mexican Gold Corp.¹ TSX-V:MEX 2021 $2.5M Radio Fuels Energy Corp.² CSE:CAKE 2021 $2
Slide 40: Mining: The Foundation of Innovation and Industrial Renewal
Mining: The Foundation of Innovation and Industrial Renewal Mining’s share of global equities has fallen to levels not seen in over a century, creating a unique opportunity for contrarian investing. 11% Mining Industry As A Percentage Artificial Intelligence 10% 10% of Global Equities Onshoring of I
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