Canadian palladium diamond drilling on the East Bull property to broaden mineralization and take a look at the feeder dyke extension

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Canadian palladium diamond drilling on the East Bull property to expand mineralization and test the feeder dyke extension

Vancouver, British Columbia – (Newsfile Corp. – June 7, 2021) – Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FWB: DCR1) (the “Company”) is pleased to announce an update on diamond drilling on west end of the East Bull deposit. Drilling in this area will deepen hole EB-21-52 which contains 2.38 g / t PdEq over 6 meters at the bottom of the hole and has been stopped in mineralization (see news release dated May 5th 2021). The expansion of this hole is significant as the mineralization at the base of the hole is a new zone that resides in an interpreted feeder dike located 50 meters below the main zone of contact mineralization.

In addition to testing the feeder dike, the next phase of drilling is expected to expand and expand the western extent of the mineralized zone. The holes will be a series of approximately 100 meter long step-outs from EB-21-55 (2.222 g / t PdEq over 22 meters) and EB-21-54 (0.989 g / t PdEq over 5 meters) (Dec. May 2021 press release).

Wayne Tisdale, CEO of Canadian Palladium, commented, “This program will expand our knowledge of the feeder dyke and expand the main mineralization further west. The Feeder-Dyke has the potential to host high-grade mineralization and represents a new target that could add significant value to East Bull. "

Drilling to date has now defined a three-mile strike length of near-surface indented sulfide mineralization comprising palladium, platinum, rhodium, gold and base metals 90 kilometers west of Sudbury, Ontario. The current phase of diamond drilling is expected to be completed in 28 days. It is expected that 6 holes will be drilled in this area for a total of an additional 2,000 meters and, if successful, it is anticipated that the mineralization could potentially be expanded an additional 200 to 300 meters west and 200 meters down dip from existing drill intersections.

Mr. Garry Clark, P. Geo., Of Clark Exploration Consulting, is the "Qualified Person" as defined by NI 43-101 who has reviewed and approved the technical content of this news release.

The story goes on

Canadian Palladium Resources Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4452

Reader advice

This press release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is often identified by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate," and other similar words or statements that certain events or conditions "may" or "will" occur. Forward-looking information in this press release includes, in particular, statements regarding the analytical results and exploration on the East Bull palladium property.

While we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that these expectations will prove to be correct. We cannot guarantee future results, accomplishments or benefits. As a result, there is no representation that actual results will, in whole or in part, match any of the forward-looking information. Forward-looking information is based on the opinions and assessments of management at the time the statements are published and is subject to a variety of risks and uncertainties as well as other factors that could cause actual events or results to differ materially from those anticipated in the future. Find information. Risks and other factors that could cause results to differ materially from those contained in the forward-looking information include, but are not limited to: general economic conditions in Canada and around the world; Industry conditions, including government and environmental regulations; Failure to obtain consents and approvals from industrial partners and other third parties, if and when required; the availability of capital on acceptable terms; the need to obtain the necessary approvals from regulators; Stock market volatility; Liabilities related to the operation of water disposal facilities; Competition for skilled personnel and supplies, among other things; misjudging the value of acquisitions; geological, engineering, processing, and transportation problems; Changes in tax laws and incentive programs; Failure to achieve the anticipated benefits of acquisitions and divestitures; and the other factors. Readers are cautioned that this list of risk factors should not be considered exhaustive. The forward-looking information contained in this press release is expressly limited by this cautionary notice. We undertake no obligation to update forward-looking information to reflect actual results or changes in our expectations, unless otherwise required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking information.

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