CANADIAN PALLADIUM CONTINUES TO INTERSECT EXCELLENT PALLADIUM GRADES AT EAST BULL

Vancouver, British Columbia, April 17, 2020 – Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) (the “Company”) (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to announce the analytical sample complete results for diamond drill holes EB-20-01 to EB-20-06 and the partial results of EB-20-07 on it’s East Bull Palladium Property, 90 kilometres west of Sudbury, Ontario.  The company has completed 10 diamond drill holes (1841 metres) prior to shutting down with the Covid-19 pandemic. All 10 holes have been sampled and the samples have been delivered to Activation Laboratories in Ancaster, Ontario.

Diamond Drill Statistics (NAD 83)

HOLE-IDUTM_EUTM_NElevationLENGTH

Metres

AZIMUTHDIP
EB-20-014052535141487356101180-45
EB-20-024052535141487356200180-70
EB-20-034052105141482355149180-45
EB-20-044053035141559364.28200180-70
EB-20-054054145141711374269180-50
EB-20-064052655141538360170180-50
EB-20-074053695141562382170180-45
EB-20-084053695141562382179180-70
EB-20-094054975141589379200180-70
EB-20-104056085141577381.09203180-70

The diamond drilling to date has focused on the east end of the Valhalla Zone testing the Palladium zone to determine if there are structural controls and continuity downdip and along strike within the inferred resource (See Press Release July 3, 2019).  Previous work had indicated a relationship of chalcopyrite and Palladium values, with the results returned to date there seems to be Palladium values in some cases that are not related to visible chalcopyrite. When the program recommences additional sampling and analysis will be completed to assess this possibility.  The initial three holes of the 2020 diamond drill program evaluated a strike length of ~50 metres testing 50 to 75 metres below surface.

Significant Diamond Drill Intercepts

HoleFrom MetresTo MetresLength MetresPalladium

Grams/Ton

EB-20-0128.038.010.02.50
includes28.035.07.03.32
EB-20-0237.042.05.01.14
EB-20-0327.038.011.01.61
includes27.031.04.03.63
EB-20-0670.074.04.00.78
EB-20-07109.0118.09.02.14
includes109.0115.06.02.82

 

Individual Intercepts of EB-20-01 to EB-20-07

Note: 1000 ppb equals 1 gram/ton

Hole From MetresTo MetresLength MetresPD       ppbPT         ppbAU ppbComments
EB-20-0128.0038.0010.02500
includes28.0029.001.002830181075First sample, need to add samples above
29.0030.001.0050402650230
30.0031.001.0055302670454
Duplicate of 58775357602620466
31.0032.001.0026201010170
32.0033.001.0038401370173
33.0034.001.002010671120
34.0035.001.001260421135
35.0036.001.0096827251
36.0037.001.001988312
Standard CDN-PGMS-19465115214
37.0038.001.0063929636
EB-20-0237.042.05.01136
includes37.0038.001.0123047049First sample, need to add samples above
38.0039.001.0141043560
39.0040.001.078526161
40.0041.001.0194067062
Standard CDN-PGMS-19504118219
includes41.0042.001.03178825
EB-20-0327.0038.011.01613
includes27.0031.04.03627
includes27.0028.001.0094144721First sample, need to add samples above
28.0029.001.0043102560177
29.0030.001.0028801360225
30.0031.001.00202083356
Duplicate of 587689223091249
31.0032.001.0081328951
32.0033.001.00133049660
33.0034.001.0082126248
34.0035.001.00102031283
35.0036.001.00127037873
36.0037.001.00778211112
37.0038.001.001460447109
EB-20-04No significant ValuesAdditional samples required
EB-20-05No significant ValuesAdditional samples required
EB-20-0670.0074.004.00784
includes70.0071.001.0053512317Additional samples required
71.0072.001.00139039571
72.0073.001.003569020
73.0074.001.0085327055
EB-20-0758.0059.001.004010213024
70.0071.001.00125049379
109.00118.009.002141
includes109.00115.006.002823
includes109.00110.001.00231042891
Standard488105202
110.00111.001.001450682284
111.00112.001.0050945315
112.00113.001.0081903010264
113.00114.001.00731361289
114.00115.001.0037501430140
115.00116.001.0078543849
116.00117.001.0081133255
117.00118.001.0073527188
Last sample reported 118.00 to 119.00.  18.0 metres of assays to be returned.

Individual demarked samples were sawn in half, bagged, sealed and transported by courier to Activation Laboratories (ISO/IEC 17025 Certified) in Ancaster Ontario.  Duplicates and standards were introduced to the sample stream as illustrated. Each sample was analysed using the Activation Laboratories codes RX1, 1C-OES 50 g (Au, Pt, Pd); 1F2 Total Digestion ICP.

Intercept widths are core width there is insufficient 2020 drilling to determine true width.

Canadian Palladium intends to analyse significant Palladium zones for rhodium.  

The diamond drill program will recommence once the geological staff and diamond drillers determine the risk of the Covid-19 pandemic has abated. 

Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the “Qualified Person” as defined in NI 43-101, who has reviewed and approved the technical content in this press release.

Wayne Tisdale commented, “I am excited by the results we have received from the first holes.  Our geological team is gathering excellent information from present diamond drilling and we look forward to the results of the aggressive diamond drill program.”

Canadian Palladium Resources Inc. 

Wayne Tisdale, President and CEO

T: (604) 639-4472

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