CANADIAN PALLADIUM REPORTS PRELIMINARY ASSAY RESULTS FOR ADDITIONAL DRILL HOLES AT EAST BULL PALLADIUM PROJECT, SUDBURY AREA, ONTARIO: WIDE INTERSECTIONS OF PALLADIUM MINERALIZATION INCLUDING 22.0 M AT 2.24 G/T PD-EQUIVALENT
•Results Include 71.0 M at 1.10 G/T PD-Equivalent and 11.0 M at 1.92 G/T
PD-Equivalent

Vancouver, British Columbia, September 29, 2020 – Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) (the “Company”) (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to announce preliminary assay results for diamond drill holes EB20-21 through EB20-25 on the Company’s East Bull Palladium Project, located in the Sudbury mining district, Ontario. These results include the widest intervals of palladium mineralization reported to date at East Bull and are down dip from the current Mineral Resource. The mineralization in the reported intervals is less than 135 m vertical depth from surface.

Results include:

EB20-22 with 71.0 m at 1.10 g/t Palladium Equivalent (Pd-Eq);

EB20-21 with 66.0 m at 1.07 g/t Pd-Eq;

EB20-23 with 55.0 m at 0.97 Pd-Eq; and

EB20-24 with 11 m at 1.92 Pd-Eq.

These intervals are preliminary results that do not include rhodium (Rh), a contributor to the Palladium-equivalent (Pd-Eq) grade at East Bull. Results will be updated when additional results have been received.

Mr. Garry Clark, Director, commented, “Canadian Palladium is pleased with these drill results that show exceptional widths of near-surface palladium mineralization. The deposit dips north from surface at approximately 45o and this mineralization is all within 135 m of surface. The results present a favourable outcome for expanding a pit-constrained Mineral Resource Estimate along strike and to depth.”

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