Canadian Palladium Provides Disclosure on Material Agreements

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FOR IMMEDIATE RELEASE

Canadian Palladium Provides Disclosure on Current Material Agreements

Vancouver, B.C. – January 2 8, 2020 - Canadian Palladium Resources Inc. (CSE:BULL, OTCQB:DCNNF)

(“Canadian Palladium” or the “Company”) announces that, further to its press release dated January 24,

2020, the Company is providing further disclosure of current material agreements at the request of IIROC.

Market One Media Group Inc. was engaged in a one-year agreement expiring April 23, 2020 to provide

marketing services including social media campaigns, online articles and banner ads, and broadcast

interviews on Market One Minute to be distributed on BNN B loomberg Investment Tr ends Section. In

exchange for the se marketing services, the Company paid Market One Media Group total fees of

$150,000.

Venture Financial Group d/b/a Venture Ad Network Ltd. was engaged on a one-year agreement expiring

March 19, 2020 to create and manage targeted ad campaigns for the Company in exchange for total fees

of $100,000.

Struthers Consulting and Market Report was engaged in a one -year agreement expiring January 8, 2021

to be featured on their website and in the Struthers Report for public awareness. In exchange for these

features the Company paid Struthers Consulting and Market Report total fees of $10,000.

About Canadian Palladium Resources Inc.

Canadian Palladium Resources Inc. is focusing its exploration efforts on the East Bull Palladium

Project ~90km west of Sudbury Ontario. East Bull has a NI 43 -101 Pit Constrained Inferred Mineral

Resource Estimate of 11.1 million tonnes grading 1.46 grams per tonne Palladium Equivalent (PdEq) for a

total of 523,000 ounces of PdEq. The project b enefits from previous drilling, surface, trenching and

geophysics identifying significant precious and base metal mineralization in a number of zones.

For additional information please contact:

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.