Palladium One Confirms New Mineralized Zone at Ontario Project

• Soil sampling identifies new copper-rich “Blaze” chonolith at Tyko project thought to be connected to known mineralized mafic-ultramafic Bulldozer intrusion
• Blaze samples return up to 0.43% copper, further confirming potential for copper mineralization
• Additional soil sampling expands known anomalies and identifies new targets at other zones along 20km mineralized trend
• 2023 drill program completes 22 holes totalling over 3,000 meters across Tyko I and Tyko II properties
• Early stage project demonstrates potential for significant nickel-copper mineralized district in Ontario

About Palladium One Mining Inc.

Palladium One Mining Inc. (TSXV: PDM) is a mineral exploration and development company focused on discovering environmentally and socially conscious metals for “green” transportation uses. The company is advancing district-scale nickel-copper-cobalt and platinum-group-element (PGE) projects in Ontario, Canada and Finland with the goal of establishing new mineral resources and progressing development.

Blaze Chonolith Adds Growth Potential

The latest results from Tyko demonstrate ongoing success in exploration to expand the known zones of nickel-copper-PGE mineralization along a highly prospective 20-kilometer trend. Most notable is the identification of a significant new mineralized target at the Blaze chonolith on the Tyko I property.

Soil sampling over the previously interpreted chonolith structure returned high-grade copper mineralization up to 0.43% copper, confirming the target as an important new zone connected to known mineralization in the adjacent Bulldozer intrusion. The metal ratios and geologic context strengthen the interpretation that Blaze represents part of the “plumbing” system that supplied the mineralizing fluids to Bulldozer.

With copper grades significantly higher than typically seen in soil sampling over nickel-copper systems, Blaze demonstrates clear stand-alone potential for a major new copper zone. The soil anomaly extends over a 500 meter strike consistent with dimensions expected for a viable copper deposit. Follow up drilling is planned pending permit approval.

Additional Targets Expand Mineralized System

The large 2023 field program also resulted in expansion of other existing mineralized zones and identification of new target areas through soil sampling and first-pass geological mapping along the extensive project trend.

At the Cupa Lake target, soil sampling expanded the known copper-nickel anomaly to over one kilometer of strike length, with up to 0.03% copper and 0.01% nickel in samples coincident with favourable geological structures. The strength of the anomaly alongside supporting geophysical and geological data provides another top tier drill target likely connected to mineralization recently discovered at the Ember zone.

New copper and possibly gold anomalous zones were also defined at the Greenback and McGill Lake areas through systematic soil sampling over favourable but under-explored project geology. These early-stage targets add further growth potential and will see additional investigation and possible ground geophysics to refine drill targets.

2023 Drilling Confirms District Potential

The extensive 2023 exploration work follows an initial drill campaign in 2022 that confirmed Tyko’s potential to host multiple zones of high-sulphide, nickel-copper mineralization. A total of 4,172 meters in 20 holes tested several targets along the overall trend.

Highlights included near surface nickel-copper mineralization at the RJ and Bulldozer zones on Tyko I, and widespread mineralized intervals at the Smoke Lake zone on Tyko II including 50 meters at 0.37% nickel equivalent.

These early drill results validate the project’s potential to host significant nickel and copper resources and warrant expanded drilling. The data also strengthens the interpretation that Tyko represents a new mineral district encompassing multiple mineralized intrusions connected along a complex structural system.

Well Positioned District-Scale Opportunity

With the latest sampling results demonstrating expansion potential on multiple zones, Tyko represents an optimal district-scale project still in the early days of exploration. Systematic programs have begun to unlock the project’s potential that had been overlooked when streams were covered by thick overburden.

Significant mineralization already proven across multiple zones of the 20-kilometer trend points to future establishment of substantial nickel and copper resources. The Blaze chonolith adds particular conviction for a new style of high-grade copper mineralization to complement the project’s nickel-rich zones.

Set in mining-friendly Ontario near key infrastructure, Tyko is strategically positioned for efficient exploration and development. Palladium One’s seasoned technical team with track record of major discoveries provides the capability to fully capitalize on Tyko’s upside.

As systematic exploration programs advance in 2023, Tyko is expected to generate ongoing compelling drill targets across existing zones and new target areas. With globally significant nickel and copper supply deficits forecasted due to surging EV demand, the project offers investors outstanding leverage to future commodity price strength in high-potential metals.

Conclusion

With confirmation of significant high-grade copper mineralization at the newly identified Blaze chonolith, Tyko’s credentials as an outstanding district-scale nickel-copper development project continue to grow. Ongoing expansion of other zones through systematic exploration also builds the case for establishment of major mineral resources within Ontario’s next potential nickel district. As Palladium One advances strategic metals opportunities needed to enable the global energy transition, Tyko offers investors outstanding exposure to the EV thematic currently revolutionizing commodity markets.