Canadian Palladium Completes Sale of Turner Lake Property

FOR IMMEDIATE RELEASE

CANADIAN PALLADIUM COMPLETES SALE OF TURNER LAKE PROJECT

Vancouver, British Columbia, July 28, 2020 – Canadian Palladium Resources Inc. (formerly 21C

Metals Inc.) (the "Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) announces that the

Company has completed the sale of the Turner Lake property (the “Property”), located in

Nunavut, Canada, pursuant to a mineral pu rchase agreement (the “Agreement”) entered into

with Pacific Cascade Minerals Inc. (“PCV”), as previously announced on September 13, 2018.

Under the terms of the Agreement PCV agreed to purchase a 100% right title and interest in the

property in exchange for 1 million common shares of PCV which were delivered to the Company

after PCV receive d TSX Venture Exchange approval for the transaction. The Co mpany was also

reimbursed $46,720 by PCV representing prior cash expenditures incurred on the Property. Upon

commencement of commercial production, PCV shall pay a royalty to the Company equal to 1%

of net smelter returns which may be purchased for the sum of $1,000,000 at any time after

commercial production.

Canadian Palladium Resources Inc.

Wayne Tisdale, President and CEO

T: (604) 639-4472

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy

or accuracy of this release.