PRIVATE AND CONFIDENTIAL

CANADA’S LARGEST RESOURCE MERCHANT BANK GOING PUBLIC 2020 2 PALISADES: TSX-V: TICKER FORWARD-LOOKING INFORMATION

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 inherently uncertain. All information other than statements of historical fact may be forward- looking information. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information contained in this presentation includes our expectations regarding our ability to raise capital, our ability to execute upon our business plan, the validity of our business model, the future performance of our investments and our ability to generate returns, and is based upon material factors and assumptions such as continued strength in commodity prices, increased demand and declining supplies for commodities, and significant increases in the price of gold.

Forward-looking information involves known and unknown risks, uncertainties and other factors (many or most of which are beyond our control) that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward- looking information contained in this presentation include, but are not limited to: market (particularly gold market) fluctuations generally and their impact on our future investments, the sensitivity of gold prices to various factors beyond our control, foreign political and economic conditions which are inherently unpredictable.

Although we have attempted to identify important factors that could cause actual events and results to differ materially from those described in the forward-looking information in this presentation, there may be other factors that cause events or results to differ from those intended, anticipated or estimated. We believe the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this presentation. The forward-looking information is provided as at the date hereof and we undertake no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law. All of the forward-looking information contained in this presentation is expressly qualified by this cautionary statement. 3 PALISADES: TSX-V: TICKER INTRODUCING PALISADES .

PALISADES IS GOING PUBLIC IN 2020 ON THE TSX-V AND AIMS TO BECOME THE DEFACTO INVESTMENT VEHICLE FOR GLOBAL INVESTORS SEEKING EXPOSURE TO THE JUNIOR RESOURCE MARKET

CONTRIBUTING $40M OF ASSETS TO PALISADES GOLDCORP AS LEAD INVESTOR

• A resource focused investment company, • Beginning with an asset base of $65M founded by Collin Kettell in 2013; has grown ($40M from Palisade Global; $25M from from $1M to $60M since inception Management & Key Backers) • Palisade is a major financier in the junior • Raising $35M in Q4 2019 resource space, focused on structuring and participating in financings • Launching with $100M AUM • Going public in 2020 on TSX-V PRIVATE CO. PUBLIC CO. 4 PALISADES: TSX-V: TICKER PALISADES GOLDCORP OVERVIEW

Palisades is an industry-wide recognized brand with vast retail following; owned and operated by experienced management with extensive deal flow and sector experience

A public proxy for investors to get access to micro cap resource stocks (no ETF or vehicle currently exists)

With the advent of passive investments, Palisades will benefit as junior resource companies are starved for capital and deeply depressed

Significant insider ownership with parent company, Palisade Global, owning +30%

The right vehicle at the right time as gold enters a secular bull market

Providing American and retail investors a level playing field 5 PALISADES: TSX-V: TICKER

“GOLD WILL BE A TOP “THIS WILL BE INVESTMENT DURING THE BIGGEST UPCOMING ‘PARADIGM BULL MARKET SHIFT’ FOR GLOBAL OF ALL TIME MARKETS” IN GOLD” Ray Dalio Frank Giustra JULY 2019 AUGUST 2019 Billionaire Investor, Billionaire Investor Founder of Bridgewater Investments Founder of Lionsgate Media 6 PALISADES: TSX-V: TICKER NIRP-NEGATIVE INTEREST RATES, THE NEW NORM

Countries around the world are going to compete to devalue their currencies. The FED is the last hold out on negative interest rates. And they will end up at zero in the not too distant future.

PEOPLE WILL RUSH INTO GOLD

TO PROTECT Donald J. Trump @realDonaldTrump The Federal Reserve should get our interest THEIR SAVINGS rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet..... 7 PALISADES: TSX-V: TICKER IT IS GOING TO BLOW THROUGH $1,900 AND IT IS GOING A LOT HIGHER...

“You would be reckless not to own some gold in your portfolio. It’s insurance. And if you don’t have some insurance in your portfolio you’d be crazy.”

ON JUNIOR RESOURCE STOCKS: ”It’s like every cycle I have seen since 1978. We will see a new high in gold and we are not that far off, and the money flows will come in. You will see insanity in that space, much as you have seen insanity in that space before.

- Frank Giustra September 2019 8 PALISADES: TSX-V: TICKER 100 YEARS OF COMMODITY VALUATION

COMMODITIES ARE GROSSLY UNDERVALUED, AND ARE CHEAPER NOW THAN IN 2001, JUST PRIOR TO EMBARKING ON AN EPIC BULL MARKET 1.2

1 S E N O E J COMMODITIES EXPENSIVE 0.8 W A G O R E D / X A V

E 0.6 D A L I N I

R Y T T S I 0.4 U D D O N I M

M 0.2 O C

COMMODITIES UNDERVALUED 0

7 3 0 7 3 0 7 3 0 7 3 0 7 3 0 7 1 2 3 3 4 5 5 6 7 7 8 9 9 0 1 1 9 9 9 9 9 9 9 9 9 9 9 9 9 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2

Source: Bloomberg, Barron’s, G&R Models 9 PALISADES: TSX-V: TICKER MINERS BEING VALUED AT 100-YEAR LOWS, SAYS BERNSTEIN RESEARCH

The mining industry currently trades at 1.4 standard deviations under its long-term average value - the lowest recorded data point over the past century.*”

“Even during the dotcom bubble the valuation disconnect was not as severe as it is now. Over the four years between 1997 and 2001, the relative valuation averaged about 0.46x relative CAPE, during the period 2015 to present the average has been 0.31x relative CAPE!”

- Paul Gait Bernstein Senior Research Analyst September 2019

*Based on analyzing the sector’s cyclically adjusted price to earnings ratio (CAPE) 10 PALISADES: TSX-V: TICKER BEAR MARKETS IN GOLD STOCKS

THE 2011 – 2016 BEAR MARKET IN MINING STOCKS REGISTERED AS THE WORST BEAR MARKET IN HISTORY IN TERMS OF BOTH DURATION (5 YEARS) AND PRICE DECLINE (85%). WHAT COMES NEXT SHOULD PROVE TO BE AN EQUALLY STRONG MOVE, BUT TO THE UPSIDE. 100.0

90.0

80.0 BGMI 1939 - 1942

70.0 BGMI 1968 - 1969 BGMI 1974 - 1976 60.0 BGMI 1980 - 1982 BGMI 1983 - 1986 50.0 BGMI 1996 - 2000 40.0 BGMI 2008 BGMI 2011 - 2016 30.0

20.0

10.0

Apr-11 Sept-11 Feb-12 Jul-12 Dec-12 May-13 Oct-13 Mar-14 Aug-14 Jan-15 Jun-15 Nov-15 Apr-16

ROY-BYRNE, JORDAN. “THE COMING NEW BULL MARKET IN GOLD.” Bonus Figure 1. The Daily Gold, June 2019, thedailygold.com

800%

700%

600% Oct 1942 - Feb 1946 Jul 1960 - Mar 1968 500% Dec 1971 - Aug 1974 Aug 1976 - Oct 1980 400% Nov 2000 - Mar 2008 Oct 2008 - Apr 2011 300% Jan 2016 - Mar 2019 PERCENTAGE GAIN PERCENTAGE

200%

100%

1 41 81 121 161 201 241 281 321 361 401

Duration (Number of Weeks) 100.0

90.0

80.0 BGMI 1939 - 1942

70.0 BGMI 1968 - 1969 BGMI 1974 - 1976 60.0 BGMI 1980 - 1982 BGMI 1983 - 1986 50.0 BGMI 1996 - 2000 40.0 BGMI 2008 11 PALISADES: TSX-V: TICKER BGMI 2011 - 2016 30.0

BULL20.0 MARKETS IN GOLD STOCKS

10.0

Apr-11THE CURRENTSept-11 Feb-12 BULLJul-12 MARKETDec-12 IN GOLDMay-13 STOCKSOct-13 BEGANMar-14 Aug-14IN 2016.Jan-15 WHENJun-15 COMPAREDNov-15 Apr-16 TO BULL MARKETS OF THE PAST, IT IS IN ITS EARLY STAGES IN TERMS OF BOTH PRICE AND TIME. IT IS IMPORTANT TO NOTE THAT THE CURRENT BULL MARKET HAS NOT BENEFITED JUNIOR RESOURCE STOCKS, YET. 800%

700%

600% Oct 1942 - Feb 1946 Jul 1960 - Mar 1968 500% Dec 1971 - Aug 1974 Aug 1976 - Oct 1980 400% Nov 2000 - Mar 2008 Oct 2008 - Apr 2011 300% Jan 2016 - Mar 2019 PERCENTAGE GAIN PERCENTAGE

200%

100%

1 41 81 121 161 201 241 281 321 361 401

Duration (Number of Weeks)

Source: Nowandfutures, TheDailyGold.com, Barrons, Incrementum AG @SPTSXGOLD:$SPX (Weekly) 0.05 (10 May) 1.3 1.2 1.1 1.0 0.9 0.8 0.7

12 PALISADES: TSX-V: TICKER 0.6 0.5 0.4 GOLD STOCKS VS. S&P 500 0.3 0.2 0.1 GOLD STOCKS ARE CURRENTLY VALUED AT 80 YEAR LOWS AGAINST THE S&P 500 INDEX.0.05 30 35 40 45 50 55 60 65 70 75 80 85 90 95 00 05 10 15 20

@BGMI:@$SPX 0.15 (10 May) 10 9 8

7 6 5 4 3 2 1 0.15

1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 2000 2005 2010 2015 2020

1990 1995

Source: ROY-BYRNE, JORDAN. “THE COMING NEW BULL MARKET IN GOLD.” Figure 3.7. The Daily Gold, June 2019, thedailygold.com/. @SPTSXGOLD:@GOLDHIS (Weekly) 0.10 (10 May) 0.60 0.55 0.50 0.45 0.40 0.35 0.30 13 PALISADES: TSX-V: TICKER 0.25 0.20 GOLD STOCKS VS. GOLD 0.15 0.10

EVEN30 WHEN35 40COMPARED45 50 TO55 GOLD,60 GOLD65 STOCKS70 75 ARE 80TRADING85 AT 90 VALUATIONS 95 00 05NOT SEEN10 15IN THE20 PAST 80 YEARS.

@BGMI:@GOLDHIS 0.32 (10 May) 6.5 5.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.32

1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 2000 2005 2010 2015 2020

1990 1995 Source: ROY-BYRNE, JORDAN. “THE COMING NEW BULL MARKET IN GOLD.” Figure 3.8. The Daily Gold, June 2019, thedailygold.com/. 14 PALISADES: TSX-V: TICKER CLIENT PRECIOUS METALS ETF ALLOCATION NEAR RECORD LOWS

EVEN WITH THE ADVENT OF PASSIVE FUNDS AND CREATION OF THE GLD AND GDX, EXPOSURE TO THE GOLD SECTOR IS AT MULTI-YEAR LOWS. HOWEVER, THAT IS BEGINNING TO CHANGE… SEE NEXT SLIDE

10% 9% 8% 7% 6% 5% 4% 3% 2%

GWIM ALLOCATION, % ETF AUM ALLOCATION, GWIM 1% 0% ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15 ‘16 ‘17

Precious metals

Source: ROY-BYRNE, JORDAN. “THE COMING NEW BULL MARKET IN GOLD.” Figure 3.5. The Daily Gold, June 2019, thedailygold.com/. 15 PALISADES: TSX-V: TICKER GOLD ETF FUND FLOWS

Gold ETFs ETFs In response to the gold price rally, money first Money has only started to pour into gold equity poured into physical gold ETFs with strong ETFs in September. In fact, when gold increased in inflows between June – August both June and August, funds saw outflows based on profit-taking. This explains why gold equity prices have not yet followed the gold price.

$4,000 $1,600 $1,000 $1,600 $3,560

$3,000 $2,778 $750 $1,500 $612 $1,500 $2,025 $1,958 $2,000 $500 Gold Price (US$/oz) Gold Price (US$/oz) $1,400 $1,400 $1,000 $250

$100 $278 - $1,300 - $1,300

($60) ($1,000) ($656) ($250) ($174) $1,200 $1,200 ($1,367)

Fund Flowes (US$mm) Fund Flowes (US$mm) ($419) ($2,000) ($1,798) ($500) ($440) ($459) ($441)

$1,100 ($600) $1,100 ($3,000) ($750) ($779)

($4,000) $1,000 ($1,000) $1,000 Jan Feb Mar Apr May Jun Jul Aug Sep Jan Feb Mar Apr May Jun Jul Aug Sep

Source: TD Research 16 PALISADES: TSX-V: TICKER CANADIAN MINING SECTOR CONTINUES TO BLEED

CANADIAN GOLD MINING FUNDS ARE STILL SEEING OUTFLOWS, AS FUNDS HAVE BEEN RESTRUCTURED INTO CYCLICAL FUNDS OR OTHER THEMATIC FUNDS, ALTHOUGH JULY SHOWED A FIRST POSITIVE SIGN WITH LESS OUTFLOW. THE US MARKET IS PICKING UP WITH INFLOWS STARTING TO INCREASE OVER THE PAST 2 MONTHS.

Canadian Gold Mining Funds US Gold Mining Funds

($75) $59

($50) $34 $23 $19 $5 $25 -

- -

($5) ($25) Fund Flowes (C$mm) Fund Flowes (US$mm) ($10) ($38) ($10) ($50) ($12) ($15) ($63) ($75)

($20) ($19) ($19) ($18) ($21) ($22) ($25) Jan Feb Mar Apr May Jun Jul Jan Feb Mar Apr May Jun Jul IT IS EXPECTED THAT THE SECTOR WILL BE THE FOCUS OF SIGNIFICANT INTEREST AS COMPANIES START PUBLISHING Q3 NUMBERS. QUANTS AND GENERALISTS WHICH SCREEN FOR CASHFLOW YIELD WILL SEE THE SECTOR AS VERY ATTRACTIVE AT CURRENT GOLD PRICES. 17 PALISADES: TSX-V: TICKER A SECTOR DEPRESSED

TODAY AND IN 2011, APPLE REGISTERED AS THE WORLD’S MOST VALUABLE COMPANY. IN 2011, THE ENTIRETY OF THE GOLD MINING SECTOR OUTWEIGHED THE MARKET CAP OF APPLE BY 3X. TODAY, APPLE DWARFS THE SECTOR.

1.2T $1.12T $1.03T 1T Rest of Universe Goldcorp

800B Zhaojin Rest of Universe Barrick 600B $454B Zijin Newcrest 400B Zhaojin $356B Newmont CNK Barrick 200B Zijin

Present 2011 18 PALISADES: TSX-V: TICKER A CONFIRMED BREAKOUT FROM HISTORIC LOWS

SEPT 18 COMMODITIES ARE BEGINNING TO BREAK OUT AS NEGATIVE YIELDS CONTINUE TO SPREAD SEPT 12

AUG 20

JUL 31 1.50 MAR 22 1.40 DEC 19 1.30

1.20

1.10

PERCENTAGE GAINS PERCENTAGE 1.00

0.90

0.80 Sept-18 Dec-18 Mar-19 Jun-19 Sept-19

Gold Silver Platinum Nickel

DEC 19 MAR 22 JUL 31 AUG 20 SEPT 12 SEPT 18 Fed promised German 10-year Fed lowered rates, $16 trillion worth ECB cuts interest Fed cut rates to stop raising bond yield turns despite steady of global negative rates further into and signals rates negative growth yielding debt negative restarts of QE 19 PALISADES: TSX-V: TICKER GOLD HAS STARTED TO MOVE, JUNIOR GOLD STOCKS HAVE NOT

TSX VENTURE HUI INDEX - MAJOR JUNIOR RESOURCE The TSX Venture Exchange GOLD MINING COMPANIES COMPANIES VS. VS. acts as a proxy for junior ▲15% ▲42% NO CHANGE resource stocks, with 80% of the world’s exploration companies listed in Canada. 1,40

Despite gold’s recent rise 1,30 and a significant move in the major mining companies, 1,20 junior resource stocks

remain at multi-year lows. 1,10 A light switch is about to

come on and the gains 1,00 will be spectacular.

0,90 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19

Gold Gold BUGS Index TSX Venture 20 PALISADES: TSX-V: TICKER PASSIVE FUNDS, THE DRIVING FORCE IN THE MARKET

DUE TO THE SCARCITY OF CAPITAL IN THE JUNIOR RESOURCE MARKET, AN UNPRECEDENTED BUYING OPPORTUNITY HAS ARISEN FOR INVESTORS. TRADITIONAL BANKER AND BROKER FINANCING IS DEAD. PASSIVE FUNDS, UNABLE TO INVEST IN JUNIOR RESOURCES DUE TO THEIR SIZE, NOW DOMINATE THE MARKET.

240 216

98 100 84

47 22 13

2016 2017 2018 2019

# of Brokered Deals # of Bought Deals

Source: Oreninc; as of April 25, 2019

TRADITIONAL BANKER AND BROKER FINANCING IS DYING. PASSIVE FUND MANAGEMENT IS ON THE RISE. 21 PALISADES: TSX-V: TICKER GOLD MINING STOCKS (HUI) S&P 500 RATIO

Last Bull Market in Gold Equities - Next Bull Has Started

0.5

0.4 Gold Mining Stocks Up 1,323% 0.3

0.2 Gold Mining Stocks Up 174% 0.1

0 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

HUI = NYSE Arca Gold BUGS Index. Source: Incrementum AG, Bloomberg. From Jan 31, 1996 - July 29, 2019 22 PALISADES: TSX-V: TICKER A LOOK AT THE LAST CYCLE

FROM 2001 TO 2007, GOLD AND GOLD STOCKS WENT ON AN EPIC RUN. PINETREE CAPITAL WAS AN INVESTMENT ISSUER AT THE TIME LISTED ON THE TSX-V. IT’S SHARES APPRECIATED AN ASTONISHING 10,918% BY INVESTING IN MICRO CAP PRIVATE PLACEMENTS.

GOLD TSX VENTURE PINETREE CAPITAL VS. VS. ▲148% ▲229% ▲10,918%

1.000.0 N R U

T 100.0 E R

C I

M 10.0 H T I R

A 1.0 G O L 0.1

2001 2002 2003 2004 2005 2006

Gold TSX Venture Pinetree Capital 23 PALISADES: TSX-V: TICKER 2016: MAXIMUM LEVERAGE TO GOLD

FOLLOWING A 5 YEAR BEAR MARKET, GOLD AND GOLD STOCKS MADE A STRONG MOVE IN 2016. THE MOVE LASTED JUST 8 MONTHS, BUT CREATED POWERFUL GAINS FOR THOSE POSITIONED PROPERLY.

PALISADE GOLD TSX VENTURE PORTFOLIO VS. VS. ▲6% ▲45% ▲312%

4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 PERCENTAGE GAIN PERCENTAGE 0.50

6 6 6 6 6 6 6 6 6 6 6 6

Jan-201 Feb-201 Mar-201 Apr-201 May-201 Jun-201 Jul-201 Aug-201 Sep-201 Oct-201 Nov-201 Dec-201

Gold TSX Venture Palisade Portfolio 24 PALISADES: TSX-V: TICKER EXECUTIVE TEAM

COLLIN KETTELL CHRISTINA MCCARTHY, B.Sc. Geo PHILIP O’NEILL, B.ASc MICHAEL KANEVSKY FOUNDER & EXECUTIVE CHAIRMAN CHIEF EXECUTIVE OFFICER CHIEF OPERATING OFFICER & DIRECTOR CHIEF FINANCIAL OFFICER

• Founder of Palisade Global Investments, a • Geologist and Mining Specialist • President & Founder of MP1 Capital, a Calgary- • Chartered Professional Accountant, began his resource focused private investment company, based company investing in the natural resources professional career in the audit and assurance • Director of Corporate Development and Investor with $60M AUM sector practice at Deloitte Relations, McEwen Mining Inc • Comes from a family with deep ties to the • CEO and Director of Mexican Gold • Chief Financial Officer of Mexican Gold Corp. • Previously sold Institutional Equity at Haywood resource space, most notably founding AuEx (TSX-V:MEX) and several private mining Securities, a fully licenced IIROC dealer • Previous Founder, Director, and CEO of Sunward Ventures, which ultimately sold to Newmont for companies $2.3B in 2011 Resources (TSX-V:SWD) where he raised $81M • Mining Specialist and Research Analyst at Euro and led its acquisition by NovaCopper (now • Prior to joining the Company, Mr. Kanevsky held Pacifica Canada (now Echelon Wealth Partners) • Co-founder & CEO of Victory Metals (TSX-V:VMX), Trilogy Metals), at a +140% premium to market controllership and financial reporting roles with North America’s leading vanadium development • Managed exploration projects in Scandinavia with several based mining companies with company • 2012 Induction into Casey Research NexTen – junior exploration company operations in Argentina, Peru and industry players identified as the “Next Generation of Resource Industry Titans” 25 PALISADES: TSX-V: TICKER DIRECTORS

GREGOR GREGERSEN ELIZABETH HARRISON, LLB MARINA A. KATUSA, MBA & B.Sc. DIRECTOR DIRECTOR DIRECTOR

• Founder & CEO of Silver Bullion Pte Ltd. and its • Partner at Farris Law LLP, the largest independent law • Earned a Bachelor of Science (BSc) degree in subsidiary, the Safe House SG Pte Ltd. firm in B.C.; provides legal advice on corporate finance, Geology/Earth & Ocean Science from the University • As CEO of Silver Bullion, Gregor leads the team to securities, M&A, and general corporate advice. of . ensure that all legal, jurisdictional, counterparty, • Member of Queen’s Counsel (1986); Recipient of The • Was elected to the FSGV Board of Directors in insurance, authentication and physical security Best Lawyers in Canada (2020); Lexpert Leading Lawyers September 2016. issues are addressed so as to provide bullion in Canada (2019); Lexpert Leading 500 Lawyers in • Holds a Master’s in Business Administration, owners the worldwide safest place to store silver Canada (2017); Lexpert Leading Cross-Border Lawyers Bachelor of Science, and a Bachelor of Education and gold; Silver Bullion Pte Ltd is now Singapore’s (2017); Martindale-Hubbell (AV Preeminent 5.0 out of 5). preeminent dealer and storage facility. from the University of British Columbia. • Served on Board of Directors of the International Finance • Currently a member of the Board of Directors of • Prior to founding Silver Bullion Gregor was a Senior Centre, St. Paul’s Hospital Foundation, The Vancouver Silvercorp Metals Inc., a publicly traded mining Data Architect for Commerzbank AG and a Senior Opera, and Crofton House School; recently Chair of the company. Business Intelligence Consultant for major MNCs. Board of Directors of BC Ferries; currently on the Board of Directors of the Forum for Women Entrepreneurs. 26 PALISADES: TSX-V: TICKER ADVISORS

R. STUART “TOOKIE” ANGUS, LLB PAUL MATYSEK, M.Sc. JIM O’ROURKE CRAIG ROBERTS, P.Eng ADVISOR ADVISOR ADVISOR ADVISOR

• Chair of San Marco Resources Inc, K92 Mining • Founder & Executive Chairman of Victory • Has built six operating copper mines globally • Mining engineer with over 30 years of Inc, and Kenadyr Mining (Holdings) Corp. Metals Inc. operations, consulting and investment banking • President of Orclann Investments Inc., a private experience. • Has 40 years of experience in structuring and • Serial entrepreneur, geochemist and geologist investment company, chairman of Compliance financing significant international exploration, with over 40 years of experience in the mining Energy Corporation, and director of many public • Includes work on feasibility studies for development and mining ventures. industry. and private companies in mining and property numerous mining projects worldwide, development. investmen banking/due diligence roles in over • Former Chairman of the Board of BC Sugar • Since 2004 as CEO or Chairman, Mr. Matysek 200 institutional equity financings. Refinery Limited and Nevsun Resources Ltd, and has primarily focused on the exploration, • He has served as a director of the Mining has held several Director positions, including development and sale of five publicly listed Association of Canada (1987–1990) and • Significant experience advising management with , Canico Resources companies, in aggregate worth over $2 billion. the Vancouver Board of Trade (1990), and and boards on merger and acquisition Corp., Bema Gold Corp., Ventana Gold Corp., and chairman (1992) and director (1987–Present) transactions. • Most recently, he was Executive Chairman Plutonic Power Corp. of the British Columbia Mining Association. of Lithium X Energy Corp. which was sold to Nextview New Energy Lion Hong Kong Limited (“Nextview”) for $265 million in cash. 27 PALISADES: TSX-V: TICKER CORNERSTONE INVESTORS

Doug Casey World-renowned resource speculator and New York Times Best Selling Author

Keith Neumeyer Marin Katusa

Serially successful mining One of Canada’s largest resource entrepreneur. Founder of First focused fund manager; New York Quantum Minerals (TSX: FM) Times Best Selling Author and and First Majestic Silver Corp. Publisher of Katusa Research 28 PALISADES: TSX-V: TICKER THE FIRST VEHICLE OF ITS KIND

PALISADES GOLDCORP WAS DESIGNED BY SHAREHOLDER FOR SHAREHOLDERS, WITH MANAGEMENT AND DIRECTORS OWNING +40%

Only public company in Canada with no options, no RSU, DSU, or PSU shares Investment Committee Full 3 year escrow on all management Audit Corporate Committee COLLIN Governance and directors KETTELL GREGOR ELIZABETH Chairperson GREGERSEN HARRISON Lowest quartile compensation for Chairperson CHRISTINA Chairperson MCCARTHY management and directors MARINA MARINA KATUSA MARINA KATUSA KATUSA PHILIP GREGOR Plan to have zero G&A costs net of O’NEILL PHILIP GREGERSEN O’NEILL dividends from deeply discounted ELIZABETH HARRISON ELIZABETH resource stocks HARRISON GREGOR GREGERSEN 29 PALISADES: TSX-V: TICKER MAXIMIZING PORTFOLIO GROWTH

KEY INVESTMENTS MANDATE INVESTMENT PRIVATE PLACEMENTS CRITERIA

The key to maximizing returns in a bull market is the leverage afforded by warrants, which can • Successful management teams only be acquired by investing in private placement financings. Private placements are only with significant ownership offered to accredited investors, and typically contain a share and a warrant. • Well-defined assets and/or a disruptive business model Junior resource warrants are arguably the most mispriced financial asset class in the world, • Mispriced securities in relation providing incredible leverage to the underlying commodity. Palisades will focus on structuring to an underlying company’s and participating in financings with full warrant coverage and long dated warrants. prospects • Near term catalysts to drive a Example: ABC GOLD is trading at $0.31. ABC announces a unit financing at $0.25, with a rerating in the market full five year warrant at $0.35. Participants can sell their shares in four months, but hold the • Favorable capital structure and warrants for a full five years. If the stock moves to $2, investors can make an 8x return on their ample liquidity shares, and an additional 6.5X return on their warrants. 30 PALISADES: TSX-V: TICKER WHY TO INVEST WITH PALISADES

EXPERIENCED TEAM Managed by executive team with extensive investment management and venture capital experience over multiple decades.

QUICK DECISION MAKING Junior resource companies are starved for cash and willing to offer investors favorable terms when investors are able to move quickly. Investment decisions are made by an investment committee chaired by Collin Kettell.

ACTIVE INVOLVEMENT Palisades maintains active involvment with several of its investee companies to assist them with executing their business plans.

PUBLICLY LISTED Shareholders realize transparency, oversight and liquidity through our listing on the Toronto Venture Exchange.

ALIGNED INTERESTS Palisades’ management team and board are significant shareholders in the company, creating an alignment of interests with investors. 31 PALISADES: TSX-V: TICKER FINALLY, A VEHICLE FOR AMERICAN INVESTORS

AMERICAN INVESTORS DO NOT OPERATE ON A LEVEL PLAYING FIELD WITH INTERNATIONAL AND CANADIAN INVESTORS

Mandated Unable to open a Not able to a minimum 6 month Canadian brokerage cashlessly exercise hold period instead account to their warrants, of 4 months participate in or sell providing private placements considerable risk

These same issues all exist for non-accredited, retail investors

BECAUSE PALISADES IS A CANADIAN COMPANY WITH LESS THAN 50% AMERICAN OWNERSHIP, IT WILL ALLOW AMERICAN COUNTERPARTS TO INVEST ALONGSIDE THEIR INTERNATIONAL COUNTERPARTS 32 PALISADES: TSX-V: TICKER A KNOWN BRAND

• Palisade Radio is the largest online radio show dedicated to the junior THE LARGEST ONLINE RADIO resource market SHOW ON JUNIOR MINING

• Palisade Global is an industry recognized brand with a considerable following vis-a-vis Palisade Radio 11,500+ YouTube Subscribers • Palisades Goldcorp shareholders will benefit from existing brand awareness and retail following to the Palisade brand

• Palisades will have exclusive use of Palisade Radio, the single largest online radio show on junior mining 9,000+ Email Subscribers

INTERVIEWING THE LARGEST NAMES IN THE RESOURCE 50,000 SPACE EACH AND EVERY Weekly Views WEEK 33 PALISADES: TSX-V: TICKER PALISADE GLOBAL HAS INCREASED 20-FOLD SINCE 2016 34 PALISADES: TSX-V: TICKER STRUCTURE

28% 35% OUTSIDE PALISADE INVESTORS GLOBAL

20% 12% L3 SMALL CAP DIRECTORS GOLD FUND & INSIDERS

5% ADVISORS & CORNERSTONE INVESTORS 35 PALISADES: TSX-V: TICKER CAPITAL STRUCTURE

Shares Dollar POSITIONS Founder Shares (Unallocated) 2,500,000 $1 1. Victory Metals (TSX-V: VMX) $0.75 financing 4,925,000 $3,700,000

2,462,500 Warrants 2. Tongold (OTC: TNGL) $0.85 financing 1,176,400 $1,000,000 3. New Found Gold (Private)

588,200 Warrants 4. Triumph Gold (TSX-V: TIG) Share Exchanges 41,182,042 $41,182,042 5. Mexican Gold (TSX-V: MEX) AMALGAMATIONS Numbered Company 2,500,000 $2,500,000 6. K92 Mining (TSX-V: KNT) Radio Fuels 3,759,367 $3,750,000 7. GoldSpot Discoveries (TSX-V: SPOT)

Casino Gold 16,400,000 $16,500,000

Total 72,442,809 $68,632,043

NAV = $68,632,043/72,442,809 Shares = $0.95 36 PALISADES: TSX-V: TICKER PALISADES LOCATIONS

VANCOUVER CALGARY Registered Office Satellite Office TORONTO Head Office COLLIN KETTELL 787-299-6165 [email protected]

CHRISTINA MCCARTHY 416-712-6151 [email protected] APPENDIX 39 PALISADES: TSX-V: TICKER MAJOR GOLD BULLS

800% Current Bull Market

700% (2015 - Present) 2001-2011 600% 1976-1980

500% 1970-1974

400% Percent Change

300%

200%

100%

0%

- 100%

2015 2016 2017 2018 2019 2020 2021 2022

Source: Yahoo Finance 40 PALISADES: TSX-V: TICKER GOLD PRICES ARE FAR FROM REACHING BUBBLE TERRITORY

$10,000

$9,000 Gold 1970-1980 $8,000 Nikkei 1970-1990 $7,000 Nasdaq 1980-2000 $6,000 Oil 1998-2008

$5,000 Gold 2001-

$4,000

$3,000

$2,000

$1,000

$0

Mar -01 Mar-03 Mar-05 Mar-07 Mar-09 Mar-11 Mar-13 Mar-15 Mar-17 Mar-19 Mar-21

Source: ROY-BYRNE, JORDAN. “THE COMING NEW BULL MARKET IN GOLD.” Figure 2.1. The Daily Gold, June 2019, thedailygold.com/. 41 PALISADES: TSX-V: TICKER GOLD PRICES IN DIFFERENT CURRENCIES

GOLD IS AT AN ALL TIME HIGH IN EVERY MAJOR CURRENCY EXCEPT THE USD

1.80

1.70

1.60 ($/oz) 1.50 (€/oz) 1.40 (¥/oz) 1.30

1.20 (£/oz)

1.10 (AU$/oz)

1.00 (C$/oz) 0.90

0.80 Oct-2014 Oct-2015 Oct-2016 Oct-2017 Oct-2018 Oct-2019