Palladium One Mining Inc. announced the expansion of the Tyko Nickel - Copper District, with the acquisition of the highly prospective "Tyko II Copper - Nickel - PGE" property, located approximately 10 kilometers north of the Tyko I (formerly "Tyko") property, and 15 kilometres east of the town of Manitouwadge, Ontario, Canada. The Tyko II Property was acquired through a combination of staking (47 claims, totalling 994 hectares) and claim purchases (307 claims totalling 7,627 hectares) from local prospectors. The claim purchases include aggregate consideration of: $100,000 cash, 2.3 million common shares of the Company as follows: 1.1 million common shares issued at Closing, 0.4 million shares issued 4 months from Closing, 0.4 million shares issued 8 months from Closing, and 0.4 million shares issued 12 months from Closing.

The Tyko II Property is located approximately 10 kilometers north of the main Tyko I Property and roughly 15 km east-southeast of the town of Manitouwadge, ON, (Figure 1). The claim block encompasses magnetic anomalies associated with the Faries-Moshkinabi Mafic-Ultramafic Complex. The property is accessible via a network of all season logging roads.