Canadian Palladium Files Ni 43-101 Technical Report FOR East BULL Palladium Deposit with Indicated Mineral Resources of 492,000 Ounces Palladium Equivalent and Inferred Mineral Resources of 520,000 Ounces Palladium Equivalent
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FOR IMMEDIATE RELEASE
CANADIAN PALLADIUM FILES NI 43-101 TECHNICAL REPORT FOR EAST BULL
PALLADIUM DEPOSIT WITH INDICATED MINERAL RESOURCES OF 492,000
OUNCES PALLADIUM EQUIVALENT AND INFERRED MINERAL RESOURCES OF
520,000 OUNCES PALLADIUM EQUIVALENT
Vancouver, British Columbia, April 19, 2022 – Canadian Palladium Resources Inc. (the
"Company") (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) has filed an independent
technical report in accordance with National Instrument 43 -101 Standards of Disclosure for
Mineral Projects on the Company’s East Bull Palladium Deposit, located 90 km west of Sudbury,
Ontario. The technical report, titled “Technical Report and Updated Mineral Resource Estimate
on the East Bull Palladium Property Gerow Township, Sudbury Mining Division, Ontario” dated
April 14, 2022, with an effective date of March 2, 2022, has been prepared by P&E Mining
Consultants Inc. and is available on SEDAR under Canadian Palladium Resources’ issuer profile.
The 2022 Updated Mineral Resource Estimate includes total Indicated Mineral Resources of 16.5
million tonnes at a grade of 0.93 g/t PdEq for 492,100 ozs PdEq AND total Inferred Mineral
Resources of 16.3 million tonnes at a grade of 0.99 g/t PdEq for 519,600 ozs PdEq. These totals
include Pit-Constrained Mineral Resources at a C$15/t net smelter return (NSR) cut-off and Out-
of-Pit Mineral Resources at a C$50/t NSR cut-off. Estimated Mineral Resource classifications for
the East Bull Palladium Deposit are shown in Table 1.
Table 1. East Bull Mineral Resource Estimate (1-4)
Pit Constrained Mineral Resource @ C$15/t NSR Cut-off
Class Tonnes Pd Pt Au Rh Cu Ni Co PdEq PdEq NSR
M g/t g/t g/t g/t % % % g/t koz C$/t
Indicated 16.3 0.49 0.19 0.05 0.016 0.11 0.05 0.006 0.92 484.6 50.29
Inferred 12.7 0.49 0.18 0.05 0.016 0.10 0.04 0.006 0.90 367.8 48.92
Out-of-Pit Mineral Resource @ C$50/t NSR Cut-off
Indicated 0.2 0.60 0.22 0.05 0.018 0.14 0.05 0.007 1.09 7.5 59.56
Inferred 3.6 0.75 0.26 0.07 0.025 0.13 0.05 0.008 1.31 151.8 71.20
Total Mineral Resource @ C$15/t and C$50/t NSR Cut-off
Indicated 16.5 0.49 0.19 0.05 0.016 0.11 0.05 0.006 0.93 492.1 50.41
Inferred 16.3 0.55 0.20 0.05 0.018 0.10 0.04 0.007 0.99 519.6 53.84
1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title,
taxation, socio-political, marketing, or other relevant issues.
3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated
Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority
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of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with
continued exploration.
4. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and
Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices
Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM
Council.
Wayne Tisdale, Canadian Palladium’s CEO, commented “The updated Mineral Resource Estimate
is the culmination of a successful 20,000 metre drilling program by Canadian Palladium that has
substantially increased the size of the East Bull Palladium Deposit. We are pleased that Palladium
has been recently recognized as an important metal in the Ontario government’s critical metals
strategy. As western nations become focussed on stable sources of critical metals, assets such as
East Bull that are located in secure mining jurisdictions are becoming increasingly valuable.”
The Technical Report concludes that East Bull Palladium Property contains a significant platinum
group metal and base metal Mineral Resource that is associated with a well -defined magmatic
mineralization environment. The authors of the Technical Report recommend further step-out
drilling on extensions of known contact-type mineralization zones and drilling to target discovery
of high-grade magma conduit-type mineralization. Additionally, based on the current resources,
the report authors recommend that Canadian Palladium advance development studies at East Bull
including in-fill drilling, further metallurgical testwork, initiate base line environmental studies
and complete a Preliminary Economic Assessment (“PEA”) to evaluate development potential.
The Mineral Resource Estimate presented herein is reported in accordance with the Canadian
Securities Administrators’ National Instrument 43-101 and were estimated in conformity with the
Canadian Institute of Mining, Metallurgy and Petroleum ( “CIM”) “Estimation of Mineral
Resource and Mineral Reserves Best Practice Guidelines” (November 2019) and reported using
the definitions set out in the 2014 CIM Definition Standards on Mineral Resources and Mineral
Reserves.
The scientific and technical information in this press release has been reviewed and approved by
Independent Qualified Person, Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining
Consultants Inc.
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, resource expansion, and assay results 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 futur e 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 statements 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
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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
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this list of risk factors should not be construed as exhaustive.
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We undertake no duty to update any of the forward-looking information to conform such information to actual results
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