CANADIAN PALLADIUM’S VALHALLA ZONE CONTINUES TO YIELD CONSISTENT PALLADIUM RESULTS AT EAST BULL

Vancouver, British Columbia, May 13, 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-20-10 (EB-20-11 paused) 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.  Further, the MT survey previously announced has been completed and is being interpreted.

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 dated July 3, 2019).

Significant Diamond Drill Intercepts

HoleFrom MetresTo MetresLength MetresPalladium

Grams/Ton

EB-20-0128.038.010.02.501.12
includes28.035.07.03.321.51
EB-20-0237.042.05.01.140.39
EB-20-0327.038.011.01.610.69
includes27.031.04.03.631.31
EB-20-0670.074.04.00.780.22
EB-20-07109.0118.09.02.140.82
includes109.0115.06.02.821.06
124.00134.0010.000.550.22
EB-20_0866.0071.005.000.620.30
EB-20-0958.0062.994.000.920.90

Highlighted results are recent

Individual Intercepts of EB-20-01 to EB-20-10

Note: 1000 ppb equals 1 gram/ton

Hole From MetresTo MetresLength MetresPD       ppbPT         ppbAU ppbComments
EB-20-0128.0038.0010.02500
28.0029.001.002830181075First 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
37.0038.001.0123047049First sample, need to add samples above
38.0039.001.0141043560
39.0040.001.078526161
40.0041.001.0194067062
Standard CDN-PGMS-19504118219
41.0042.001.03178825
EB-20-0327.0038.011.01613
includes27.0031.04.03627
27.0028.001.0094144721First 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
70.0071.001.0053512317Additional 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
109.00110.001.00231042891
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
NEW REPORTING OF RESULTS BELOW
124.00134.0010.0054521853
124.00125.001.0070322825
125.00126.001.0036515937
126.00127.001.00933445105
127.00128.001.001290580140
Blank6< 5< 2
128.00129.001.0047622978
129.00130.001.001075117
130.00131.001.0045016032
131.00132.001.002197115
132.00133.001.0062619352
133.00134.001.001906532
EB-20_0866.0071.005.0062429959
66.0067.001.0063524672
67.0068.001.0029112264
68.0069.001.00156084366
69.0070.001.001494046
70.0071.001.0048324648
EB-20-0958.0062.994.0092289952
58.0059.001.0040715025
59.0060.001.0017310819
60.0061.001.0029001580123
61.0062.001.0019611136
Duplicate of above42124223
EB-20-10No significant assaysAdditional samples required
EB-20-11Paused at 80 metresNot to Target Yet

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.

Diamond Drill Hole Statistics

HOLE-IDUTM_EUTM_NElevationLENGTHAZIMUTHDIPCOMMENT
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 
EB-20-114057405141640360200180-70In progress 

NAD 1983

Canadian Palladium has sent the significant Palladium zones for rhodium for analyse.  

The Company expects to recommence the diamond drill program within two weeks, provided there are no changes in the COVID-19 pandemic effects in the Sudbury area. 

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, “The results from the drilling to date have continued to be what was expected and we are learning more about the Palladium mineralization.  Our geological team await the MT modelling they believe will help in the definition of further targets.  We are excited about getting the program fully started again in the next few weeks.”

Canadian Palladium Resources Inc. 

Wayne Tisdale, President and CEO

T: (604) 639-4472

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