Palladium One's Multiple Drill-Ready Targets on Tyko II Nickel-Copper Project in Ontario

• Palladium One conducted an airborne survey on its Tyko II property in Ontario, identifying 7 new electromagnetic anomalies.
• One 900-meter anomaly appears to be an extension of the known Moshkinabi-Kejimalda mineralized zone, which has returned up to 1.17% Cu, 0.73% Ni, 2.4 g/t Pd, 0.2 g/t Pt.
• A 700-meter anomaly is located east of the Gionet Zone, which has returned up to 2.46% Cu, 0.22% Ni in grab samples.
• Several additional single-line EM anomalies were identified.
• The anomalies are associated with known copper-nickel-PGE mineralization on the property.
• Palladium One will conduct ground-truthing surveys and plans to begin drilling some of the targets in mid-October.

About Palladium One Mining Inc.

Palladium One Mining Inc. is a Canadian mineral exploration and development company focused on discovering and developing critical “green” transportation metals, including nickel, copper, palladium, platinum, and cobalt. The company has district-scale exploration projects in Ontario, Canada and Finland. Its flagship projects are the Läntinen Koillismaa PGE-Cu-Ni project in Finland and the Tyko and Canalask nickel-copper projects in Canada.

Palladium One is led by President and CEO Derrick Weyrauch and operates with the goal of supplying the metals needed for the global transition to clean energy and electric vehicles. The company aims to create value for shareholders by making new mineral discoveries and advancing projects towards production.

Exciting Exploration Results from Tyko Property in Ontario

Palladium One recently announced promising initial results from an airborne survey conducted over its Tyko nickel-copper project in Ontario, Canada. The versatile time-domain electromagnetic (VTEM) survey identified multiple new anomalies that represent compelling drill targets.

According to CEO Derrick Weyrauch: “The addition of seven new VTEM anomalies to our existing inventory of drill ready targets speaks to the large scale opportunity the Tyko District represents for shareholders."

The Tyko property covers an approximately 20 km long trend of magmatic copper-nickel-PGE mineralization. It demonstrates many similarities to the geology seen at the company’s flagship Tyko deposit 35 km away.

Highlights from the recent airborne survey:

• 7 new electromagnetic (EM) anomalies identified, increasing drill target inventory
• 900-meter anomaly appears related to known Moshkinabi-Kejimalda mineralized zone
• 700-meter anomaly located east of known Gionet Zone copper-nickel mineralization
• Additional early-stage single-line EM anomalies detected
• Anomalies associated with prospective ultramafic intrusive rocks

Follow up ground surveys are underway on the new anomalies, and the company plans initial drill testing in October 2023. Existing permits allow drilling of five of the seven new anomalies.

The results showcase the effectiveness of the VTEM survey, which was the most sensitive electromagnetic system ever flown over this property. As CEO Weyrauch stated: “The survey easily detected the historical Moshinkabi and Faries Lake Zones, but also detected new anomalies near the Kejimalda and Gionet Zones that had not been detected by previous airborne EM surveys. This speaks to the sensitivity of the VTEMmax system and its potential to identify targets that were overlooked by less sensitive historical EM surveys.”

Untested Extension of Historical Copper-Nickel-PGE Mineralization

A key result from the airborne survey is the identification of a 900-meter EM anomaly that appears to be an extension of the known Moshkinabi-Kejimalda Zone. Grab samples from this zone have returned up to 1.17% copper, 0.73% nickel, 2.4 g/t palladium, and 0.2 g/t platinum.

The zone lies along the interpreted basal contact of an ultramafic intrusive complex. It has seen only very limited shallow drilling in the past, with most holes having no reported assays. The recent survey has revealed a strong EM response extending the anomaly over 900 meters to the north. This possible extension was previously obscured by a powerline on the property and not detectable by historical surveys.

The identification of this untested extension to known copper-nickel-PGE mineralization is a very compelling drill target for Palladium One. It demonstrates the value of modern, more sensitive EM surveys over historical data.

New Target Next to Historic Copper-Nickel Showing

Another highlight is the 700-meter EM anomaly located east of the Gionet Zone, which contains primarily copper-nickel mineralized boulders. Grab samples from this zone have returned up to 2.46% Cu and 0.22% Ni.

Yet the Gionet Zone itself has never been drill tested. The fact that the new EM anomaly lies just to the east suggests that the core of this zone has not yet been discovered. This anomaly provides an exciting new target in an area of known mineralization.

Opportunity for Magmatic Sulphide Deposits

The electromagnetic anomalies identified by the VTEM survey are associated with the prospective Faries-Moshkinabi mafic-ultramafic complex on the Tyko property. This complex hosts the zones of known copper-nickel-PGE mineralization outlined above.

The complex shares many geological similarities with the prolific Marathon Series in Ontario's Coldwell Complex, which hosts Generation Mining's Marathon palladium-copper deposit.

This favorable geology indicates potential for magmatic copper-nickel sulphide deposits such as Marathon. The new EM anomalies will be priority drill targets for Palladium One based on this prospectivity.

Potential for VMS Copper-Zinc Deposits

In addition to magmatic sulphide potential, the Tyko II property contains altered volcanic rocks similar to those that host the past-producing Geco copper-zinc mine located 15 km away.

From 1957 to 1995, the Geco mine produced over 49 million tonnes grading 1.85% copper, 3.78% zinc and 56 g/t silver. This large, high-grade deposit demonstrates the potential for new volcanic-hosted massive sulphide (VMS) discoveries in the region.

Any massive sulphide deposits found on Tyko II would complement the magmatic sulphide potential. The Geco mine example highlights the prospectivity of this greenstone belt and further validates Palladium One's district-scale copper-nickel exploration strategy.

Advancing a District-Scale Project with Compelling Targets

In summary, the latest exploration results from Tyko provide Palladium One with multiple new, high quality drill targets to advance this district-scale nickel-copper project.

As CEO Derrick Weyrauch stated: “The Tyko II project has many geological similarities to Tyko I and we look forward to receipt of additional results from the property.”

With new targets identified coincident with known zones of copper-nickel-PGE mineralization, as well as wholly untested anomalies, the company has clear opportunities to make new discoveries.

Initial drill testing of priority anomalies is slated to begin in October 2023 once ground truthing is complete. Investors can expect a steady flow of exploration news from Tyko as the company systematically explores and advances this prospective nickel-copper district.

The Investment Thesis for Palladium One Mining

For investors, Palladium One offers:

• Exposure to in-demand metals like nickel, copper, palladium for the green economy
• Assets located in mining-friendly jurisdictions: Ontario and Finland
• Near-term catalysts from ongoing exploration and drilling
• District-scale projects with potential for major discoveries
• Proven, experienced management team
• Tight capital structure with only around 150 million shares outstanding

The company is well-positioned to capitalize on the rising demand for metals needed in electric vehicles, clean energy, and energy storage. The latest results from Tyko demonstrate meaningful exploration upside and discovery potential.

Investors can anticipate a steady stream of results from Tyko and the company's projects in Finland over the coming months. With management's track record of success, any significant discoveries could provide rewards for early investors.

For investors seeking leverage to rising commodity prices and metals critical for decarbonization, Palladium One represents an intriguing speculative investment opportunity.

Conclusion

The latest results from Palladium One's Tyko project showcase multiple new, high quality drill targets with potential to yield new nickel and copper discoveries. Investors interested in the electric vehicle boom and metals powering the green revolution should keep an eye on continued exploration developments from this compelling exploration company.