Canadian Palladium Resumes Drilling on Targets to Expand Palladium Resource at East Bull

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FOR IMMEDIATE RELEASE

CANADIAN PALLADIUM RESUMES DRILLING ON TARGETS TO EXPAND

PALLADIUM RESOURCE AT EAST BULL

Vancouver, British Columbia, June 2, 2020 – Canadian Palladium Resources Inc. (formerly

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

recommenced its diamond drilling program on its East Bull Palladium Property , 90 kilometres

west of Sudbury, Ontario. Prior to suspension of the program in light of COVID-19, hole EB-20-

11 has been completed, and targets the east Valhalla Zone. Two more holes will be completed on

the east before moving to the west end of the Valhalla Zone and the ~ 250 metre gap to the Garden

Zone. There is only one historical (from 2000) diamond drill hole in the gap between the Valhalla

Garden Zone and Garden Zone where surface sampling by Canadian Palladium has identified

additional mineralization in this Palladium rich zone.

The Company has received preliminary interpretation data from the recently completed MT

survey which is now being compiled for comparison to the airborne EM conductors. Rhodium

results for the Palladium mineralized zones within holes EB-20-01 to 10 have been received and

are currently being incorporated with additional precious and base metals to determine Palladium

equivalent values.

A prospecting and sampling program on the 100% owed Agnew Lake Intrusion claims will

commence in a week to evaluate its Palladium potential.

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, “Canadian Palladium is excited to get back to the exploration of East

Bull. The program is fully funded and we look forward to positive results allowing us to continue

to expand the resource at East Bull and explore promising zones.”

Canadian Palladium Resources Inc.

Wayne Tisdale, President and CEO

T: (604) 639-4472

Reader Advisory

This news release contains certain "forward -looking information" within the meaning of applicable securities law.

Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend",

"believe", "anticipate", "estimate" and other similar words, or statements that certain events or cond itions "may" or

"will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements

with respect to the re-commencement of drilling and the anticipated drill program . Although we believe that the

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expectations reflected in the forward -looking information are reasonable, there can be no assurance that such

expectations will prove to be correct. We cannot guarantee future results, performance or achievements.

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Forward-looking information is based on the opinions and estimates of management at the date the statements are

made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results

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that could cause the results to differ materially from those expressed in the forward-looking information include, but

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from regulatory authorities; stock market volatility; liabilities inherent in water di sposal facility operations;

competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions;

geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure

to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that

this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news relea se is expressly qualified by this cautionary statement.

We undertake no duty to update any of the forward-looking information to conform such information to actual results

or to changes in our expectations except as otherwise required by applicable securit ies legislation. Readers are

cautioned not to place undue reliance on forward-looking information.

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adequacy or accuracy of this release.