Palladium One Mining Inc. announced it has discovered several highly anomalous nickel, copper, and cobalt soil anomalies potentially linking the West Pickle and RJ Zones, which are 2.5 kilometers apart. The soil sampling was conducted along an interpreted chonolith /feeder dyke structure. Additionally, the Company announced that it has now earned an 80% interest in the Pezim II Property which contains the high-grade West Pickle Zone, that forms part of the larger Tyko Nickel - Copper Project, in Ontario, Canada.

Highlights. Multiple highly anomalous nickel, copper and cobalt anomalies in soils potentially linking the high-grade West Pickl and RJ Zones along an Interpreted Chonolith /feeder dykes structure with values up to: 785 ppm Nickel. 431 ppm Copper.

49 ppm Cobalt. Preliminary geological mapping discovers new ultramafic outcrops and boulders in the western part of the Tyko Project thereby continuing to support the Company's geological model. The 2023 Exploration Program is well advanced with over 5,000 soil samples collected to date, while today's announcement represents the first <10% or 465 samples.

Palladium One has now earned an 80%interest in the high-grade West PickLE Zone. The West Pickle Zone has returned up to 10.4% Ni, 3.4% Cu, 0.14% Co, 0.53 g/t Pd, 0.34 g/t Pt, 0.04 g/t Au over 2.3 meters in massive sulphides in hole TK-22-070. The newly discovered nickel, copper and cobalt anomaly along the interpreted chonolith /feeders potentially linking the West Pickle & RJ Zone are very strong, with values up to 785 ppm Ni and 431 ppm Cu.

For comparison previous soil sampling over the high-grade West Pickled Zone returned up to 116 ppm Ni and 153 ppm Cu, and Smoke Lake Zone retuned up to 565 ppm Ni and 106 ppm Cu. Significantly, the samples contain highly elevated magnesium and chrome values thereby indicating a strong ultramafic signature which further supports the Company's geological model that a chonolith /feeder Dyke occurs in this area. Mapping, prospecting and soil sampling continues, results are encouraging with ultramafic outcroPS and boulders having been discovered in several interpreted chonolith /feedER dyke structures, once again supporting the Company's geological model.

A total of 465 soil samples are included in this release while to date over 5,000 soil samples have been collected. The key objective of the 2023 Exploration Program at Tyko is ground truthing interpreted chonoliths /feeder dykes prior to diamond drilling. As part of the program, in First Class Metals in 2021, the Company completed a high-resolution magnetic survey.

The 2023 magnetic survey was designed to refine the geometry of the interpreted chonoliths /feeder dykes across the Tyko project's 30-kilometer strike length. Preliminary geological mapping in the western portion of the property has identified outcrops and boulders of ultramafic pyroxenites which continue to support the chonolith /feederdyke geological model. The Pezim II claim block optioned from First Class Metals in 2021.

Having now completed the requirements to earn an 80% working interest, a Joint Venture Agreement shall be instituted and the Company shall continue to be the operator. Should either party not fully participate in future expenditures, its ownership interest shall be diluted and if one party is diluted to a share of the Company's geological model.