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Canadian Palladium Intersects 5.1 g/t Pd-Eq over 5.0 metres, Identifies a New High-Grade Palladium Zone at East Bull, Sudbury

Dec 4, 2020

Canadian Palladium Resources Inc. is providing new analytical results for five diamond drill holes on the East Bull Palladium Property, 90 kilometres west of Sudbury.

Highlights include:

- a 28.0 m intersection of 1.97 g/t Palladium Equivalent (Pd-Eq) in drill hole EB-20-40); and
-  5.0 m of 5.10 g/t Pd-Eq, also from EB-20-40.

Wayne Tisdale, Canadian Palladium's CEO, commented, "The East Bull drilling program continues to return excellent results. We are very encouraged that we now have two adjacent holes 100 m apart that contain high-grade Palladium mineralization in the western part of the Valhalla Zone. The new results in hole EB-20-40 combined with the intersection in EB-20-37 (see press release dated November 23, 2020) demonstrate the potential for a high-grade component within the wider disseminated mineralization envelope. Our drilling program continues to expand the near surface mineralization of the Valhalla Zone westward towards the Garden Zone and beyond." 

Drill hole intercepts for holes EB-20-34 and EB-20-39 to EB-20-42 are reported in the following table 1. Drill hole locations are provided at the end of the release and illustrated on the accompanying map. To date all of the intercepts are shallow and within 150 m vertical depth from surface. Results do not include Rhodium for which assays are in progress and is an additional contribution to Pd-Eq at the East Bull Deposit.

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