Any Failure to Comply with This Restriction May Constitute a Violation of U.s. Securities Laws. Palisades Ventures Inc. Palisades Updates Status of Business Transaction

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SECURITIES LAWS.

PALISADES VENTURES INC.

PALISADES UPDATES STATUS OF BUSINESS TRANSACTION

Vancouver, British Columbia – June 1, 2017 – Palisades Ventures Inc. ( TSX.V: PSV) (“Palisades”)

announces that further to its news releases dated January 4, 2017, February 28, 2017, and April 24, 2017

announcing the proposed business transaction (the “Transaction”) with Intermont Exploration, LLC and

1027344 B.C. Ltd., the Company has filed a Filing Statement on SEDAR, in accordance with the policies

of the TSX Venture Excha nge. Details respecting the Transaction are set out in the Filing Statement,

which can be reviewed on the SEDAR website at www.sedar.com.

Palisades has not yet received conditional approval of the Transaction from the TSX Venture Exchange,

and will issue a further news release upon receiving conditional approval.

For further information about Palisades and the Transaction, please contact:

Gordon Steblin

Palisades Ventures Inc.

2300 – 1066 West Hastings Street, Vancouver, B.C. V6E 3X2

Tel: 778 888-9710

Completion of the T ransaction is subject to a number of conditions, including TSX Venture Exchange

acceptance and receipt of certain waivers from the TSX Venture Exchange. There can be no assurance that the

Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the f iling statement to be prepared in connection with the

Transaction, any information released with respect to the Transaction may not be accurate or complete and

should not be relied upon. Trading in the securities of Palisades should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither

approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange, not its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward- looking statements that are subject to risks and uncertainties. All

statements within, other than statements of historical fact, are to be considered forward looking. Although

Palisades believes the expectations expressed in such forward- looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results or developments

may differ materially from those in forward -looking statements. Factors that could cause actual results to

differ materially from those in forward -looking statements include market prices, exploration successes,

continued availability of capital and financing, and gener al economic, market or business conditions. There

can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on

their own evaluation of such uncertainties. We do not assume any obligation to update any forward- looking

statements except as required under the applicable laws.