Exploration Upside Showcased at Palladium One Mining's Tyko Project as Drilling Expands

• Palladium One samples up to 1.0% nickel and 2.4 g/t palladium at the Tyko II property, indicating potential for additional mineral resources.
• Strong soil sample results, with up to 0.34% copper and 321 ppm nickel at the Gionet Zone, coincident with VTEM anomalies.
• Ongoing drill program at the Tyko Project focused on newly identified VTEM conductors at the base of the Feries-Moshkinabi complex.
• Extensive geological mapping provides greater understanding of favorable geology and ability to pinpoint drill targets.

About Palladium One Mining

Palladium One Mining Inc. (TSXV: PDM) is a mineral exploration and development company targeting district-scale, nickel-copper-cobalt and platinum group element (PGE) deposits in Canada and Finland. With three assets at various stages of exploration and development, Palladium One is well positioned to capitalize on the growing demand for battery metals needed in electric vehicles and renewable energy storage.

Exploration Program at Tyko Yields Promising Results

An extensive exploration program carried out in 2023 on Palladium One’s Tyko Nickel-Copper Project has returned encouraging soil and prospecting sample results, indicating potential for mineral resource expansion.

The main highlights include soil samples containing up to an impressive 0.34% copper and 321 ppm nickel at the Gionet Zone, associated with Versatile Time Domain Electromagnetic (VTEM) anomalies detected in an airborne geophysical survey. Grab samples collected from historic trenches at the Kejimalda Zone returned up to 1.04% nickel, 2.42 g/t palladium, and 0.22% copper.

These results showcase the exploration upside remaining at the still underexplored Tyko Project area spanning 20 km in length. With copper in soils among the highest on the project so far, the Gionet Zone stands out as a priority drill target pending receipt of exploration permits.

Ongoing Drilling Targeting New Conductors

Palladium One has shifted its current drill program to test new VTEM conductors identified in a 2023 geophysical survey near the base of the Feries-Moshkinabi mafic-ultramafic complex at the Tyko II property.

The conductors are located at the contact zone between the Moshkinabi Intrusion and surrounding mineralized amphibolite, iron formations and other metasediments. This is considered a favorable geological setting for concentrating copper-palladium rich sulphide mineralization.

The program aims to follow up on previous trench sampling that revealed semi-massive to massive nickel-copper-PGE sulphide lenses which remain open in multiple directions. Continued drilling around known mineralized zones has strong potential for expanding resources at the project.

Geological Mapping Enhancing Targeting

Extensive geological mapping undertaken this year covering over 20 linear kilometers has substantially improved Palladium One’s understanding of the regional geology at Tyko.

Along with geochemical and geophysical studies, this mapping has been invaluable for accurately locating and ranking the most prospective areas for massive sulphide systems across this district-scale land package.

As a result, the company is now better positioned to deploy its drilling assets most effectively to test the designated high priority targets. The goal is making new nickel-copper-PGE discoveries and expanding existing zones through systematic exploration guided by enhanced geological models.

Permitting Update

While the Tyko region clearly hosts significant Critical Minerals potential that Palladium One is actively working to tap into, administrative obstacles have hindered the pace of progress.

According to company President and CEO Derrick Weyrauch, “the Company continues to experience permitting delays”, which is impeding their ability to carry out drilling on priority targets.

This notably includes being unable drill test the Gionet Zone area, where both soil sampling and VTEM surveys have indicated strong signs of copper-nickel sulphide mineralization. Permitting setbacks have also stalled drilling plans over other anomalies warranting prompt investigation.

Still, within the limitations imposed, field crews continue working extensively on site to generate more data on existing showings and search for new zones across the underexplored land package.

Conclusion

With high-grade sample assays and multiple untested geophysical anomalies, the Tyko Project exhibits substantial resource upside yet to be unlocked by the drill bit.

Palladium One's systematic exploration program has already substantially advanced targeting over a vast and geologically prospective terrain, ripe for new discoveries.

Added to the company's solid existing asset base, Tyko's latent value potential further strengthens the investment case for investors wanting leveraged nickel and copper exposure.