It was England's well-taken finish in the first-half that saw the Eagles take an early lead at Brisbane Road.
Molly-Mae Sharpe played a sublime first-time pass in behind, and the former Tottenham striker made no mistake in finding the bottom corner.
Julie Blakstad's second-half equaliser meant that the game would go to a penalty shootout, with the victor claiming an additional point in the Subway Players Cup.
England was quick to highlight Palace's efficiency from the spot.
She said: "Shae made a wonderful save and we put all five penalties put away, the girls were really calm and composed.
"We obviously practised them in training so I'm just super proud that everyone stepped up and did their job today."
