Palladium One Mining Inc. reported additional high-grade drillhole intercepts for the Tyko Property, from the West Pickle massive sulphide discovery in Ontario, Canada. This latest batch of drill results, with individual assays up to 11.9% nickel, continue to reinforce the high-grade nature of the West Pickle Zone within the larger regional opportunity provided by the project. Similar to the Smoke Lake Zone, West Pickle is revealing massive sulphides that have been likely remobilized from a much larger source, which the company hope to discover in 2023.

The company's 2023 exploration plan at Tyko also includes step-out drilling from known mineralization, and regional exploration to refine drill targets along 10's of kilometers of interpreted feeder dykes /chonoliths that could have fed the large Bulldozer mafic-ultramafic complex. Cash and cash equivalents of approximately CAD 11.3 million (unaudited) were on hand as at December 31, 2022. The 2022 Drill program on Tyko consisted of 70 holes totaling 13,038 meters, of which 49 holes are pending assay results.

The 2023 field season is currently being planned and a high-resolution magnetic survey is scheduled in the first quarter. This survey has been designed to refine the geometry of the interpreted feeder dykes /chonoliths across Tyko's 30-kilometer strike length prior to additional drill testing. To date a total of 32 holes, totalling 6,766 meters have been drilled in the vicinity of the West Pickle Discovery.

At present, West Pickle mineralization has been defined over more than 500 meters of strike length. QA/QC: The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility. Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. in Thunder Bay, Ontario.

All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP- OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.