Palladium One Mining Inc. announced results for six additional drill holes containing several massive magmatic sulphides intercepts grading up to 7.5% Ni_Eq* (164 pounds per tonne) over 4.2 Meters (5.8% Ni, 2.7% Cu, 1.3/t PGE), have been received from the 2020 Tyko drill program, located at the Smoke Lake target of the Tyko Ni-Cu-PGE Project. These results are in addition to last weeks announcement of 8.7% Ni_Eq* (193 pounds per tonne) over 3.8 Meters (6.6% Ni, 3.7% Cu, 1.5g/t PGE) The 2020 Tyko drill program consisted of 14 drill holes totalling 1,123 meters, 13 holes were drilled into the Smoke Lake electromagnetic ("EM") anomaly. This program was the first to drill test the Smoke Lake EM anomaly High- resolution drone-based magnetic and ground-based large loop time domain survey (TDEM) surveys, undertaken shortly before drilling, refined the anomaly resulting in the successful discovery of massive magmatic sulphides returning 8.7% Ni_Eq* (193 pounds per tonne) over 3.8 Meters (6.6% Ni, 3.7% Cu, 1.5g/t PGE). A bore hole EM survey is scheduled to be completed in January 2021 to further delineate the Smoke Lake massive sulphide body. Drilling to date indicates a mineralized ultramafic body at surface, transitioning to massive sulphides which dip shallowly (~32°) to the southwest. The mineralization occurs as a consistent sheet with a possible fault near its base which could be controlling their emplacement in tonalite. The lithologies at Smoke Lake closely resemble those found at both the Tyko and RJ showings, located 17-kilometers to the west, which returned up to 1.06% Ni and 0.35% Cu over 6.22 m including 4.71% Ni and 0.82% Cu over 0.87 m in hole TK-16-010 Nickel equivalent is calculated using US$1,100 per ounce for palladium, $950 per ounce for platinum, $1,300 per ounce for gold, $6,614 per tonne (US$3.00 per pound) for copper, $15,432 per tonne ($7.00 per pound) for nickel and $30,865 per tonne ($14 per pound) for Cobalt. This calculation is consistent with the commodity prices used in the Company's September 2019 NI 43-101 Kaukua resource estimate.