Canadian Palladium Commences Magneticotelluric Geophysical Survey at East BULL

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FOR IMMEDIATE RELEASE

CANADIAN PALLADIUM COMMENCES MAGNETICOTELLURIC GEOPHYSICAL

SURVEY AT EAST BULL

Vancouver, British Columbia, May 1, 2020 – Canadian Palladium Resources Inc. (formerly

21C Metals Inc.) (the "Company") (CSE: BULL ) (OTCQB: DCNNF) (FSE: DC R1) is

pleased to announce that a magnetotelluric ("MT") geophysical survey has been initiated that

traverses from the Grid Metals Corp. property holdings across the companies East Bull Property.

This jointly funded MT survey is an electromagnetic geophysical method with excellent depth

penetration and a prove n ability to detect, directly or indirectly, the type of palladium

mineralization (high palladium tenor disseminated sulfide) that is found on the companies East

Bull Property. Interpreted results from the survey are expected within three weeks.

The company has also processed the digital data from the 2007 VTEM survey completed over the

Property to define Maxwell Plate electromagnetic targets. These targets are being integrated with

the drilling to date and the MT data.

This geophysical data will provide a framework for defining additional diamond drill holes within

the remaining ~8000 metre of the initial drill program. The drilling will recommence when the

safety issues of the geological staff and diamond drillers can guaranteed. At present the projec t

requires access to the town and people of Massey, ON for food lodging and supplies. Once the

Province relaxes some of the closure requirements of restaurants and other businesses the company

is ready to recommence drilling.

The MT survey has been desig ned to traverse across the known mineralization in the area of

diamond drill holes EB-20-01, 02 and 03. The results of the drill holes are presented in the table

below.

Significant Diamond Drill Intercepts

Hole From

Metres

To Metres Length

Metres

Palladium

Grams/Ton

EB-20-01 28.0 38.0 10.0 2.50

includes 28.0 35.0 7.0 3.32

EB-20-02 37.0 42.0 5.0 1.14

EB-20-03 27.0 38.0 11.0 1.61

includes 27.0 31.0 4.0 3.63

EB-20-06 70.0 74.0 4.0 0.78

EB-20-07 109.0 118.0 9.0 2.14

includes 109.0 115.0 6.0 2.82

Diamond Drill Statistics (NAD 83)

HOLE-ID UTM_E UTM_N Elevation LENGTH

Metres

AZIMUTH DIP

EB-20-01 405253 5141487 356 101 180 -45

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HOLE-ID UTM_E UTM_N Elevation LENGTH

Metres

AZIMUTH DIP

EB-20-02 405253 5141487 356 200 180 -70

EB-20-03 405210 5141482 355 149 180 -45

EB-20-06 405265 5141538 360 170 180 -50

EB-20-07 405369 5141562 382 170 180 -45

Individual demarked samples were sawn in half, bagged, sealed and transported by courier

to Activation Laboratories (ISO/IEC 17025 Certified) in Ancaster Ontario. Duplicates and

standards were introduced to the sample stream. Each sample was analysed using the

Activation Laboratories codes RX1, 1C-OES 50 g (Au, Pt, Pd); 1F2 Total Digestion ICP.

Intercept widths are core width there is insufficient 2020 drilling to determine true width.

Canadian Palladium has notified Act Labs of the samples to be analysed for Rhodium and expect

results in the next 4 weeks.

Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the “Qualified Person” as defined in

NI 43 -101, who has reviewed and approved the technical content in this press release.

Wayne Tisdale commented, “ We are looking forward to further delineate and expand upon our

existing Palladium inferred resource at East Bull. By uti lizing both the MT and VTEM surveys

while on a drilling shutdown we will be able to further prioritize our targets and re-commence

drilling once it is safe to do so.”

Canadian Palladium Resources Inc.

Wayne Tisdale, President and CEO

T: (604) 639-4472

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