Canadian Palladium Continues its East Bull Diamond Drilling Program
CANADIAN PALLADIUM CONTINUES ITS EAST BULL DIAMOND DRILLING PROGRAM
Vancouver, British Columbia, October 8, 2020 – Canadian Palladium Resources Inc. (“Canadian
Palladium” or the "Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) is pleased to announce
recommencement of the previously announced 10,000 metre diamond drill program on the
Company’s East Bull Palladium Project , located in the Sudbury mining district, Ontario . The
diamond drill program will continue to assess the Valh alla and Garden zones with the objective
of expanding the NI 43 -101 defined resource (see press release dated September 29, 2020).
Recent drilling has resulted in the widest intervals of palladium mineralization reported to date
at East Bull. Additionally and of potential geological significance, such mineralization is down
dip from the current NI 43-101 resource.
To date, the Company has completed just over 7,000 metres in 33 holes. Additional assay results
will be released as received. The diamond drill program, which started in February 2020, is being
completed in four phases. Each phase is approximately four weeks long, with a break of two
weeks between phases.
Mr. Garry Clark, Director, commented, “Canadian Palladium is pleased with the results we have
received to date which will significantly expand the current resource. The next phase will be to
test the area between the Garden and Valhalla Zones.”
Mr. Garry Clark, P. Geo., o f Clark Exploration Consulting, is Canadian Palladium’s “Qualified
Person” as defined in NI 43 -101, who has reviewed and approved the technical content in this
press release that pertains to the current drilling program.
Canadian Palladium Resources Inc.
Wayne Tisdale, President and CEO
T: (604) 639-4452
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 conditions "may" or
"will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements
with respect to the planned exploration program and the expansion of resource at the East Bull palladium property.
Although we believe that the 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. Consequently, there is no representation that the actual results achieved will be the same, in whole or
in part, as those set out in the forward- looking information. Forward-looking information is based on the opinions
and estimates of management at the date the statem ents are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those anticipated
in the forward- looking information. Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but are not limited to: general economic
conditions in Canada and globally; industry conditions, including governmental regulation and environmental
regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the
availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock
market volatility; liabilities inherent in water disposal 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 release 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 securities
legislation. Readers are cautioned not to place undue reliance on forward- looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy
or accuracy of this release.
Canadian Palladium Resources Inc. September 25, 2020 Drill Plan, East Bull Property