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Palladium One Recognized with the "Bernie Schnieders Discovery of the Year Award" Presented by NWOPA

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Palladium One Recognized with the "Bernie

Schnieders Discovery of the Year Award"

Presented by NWOPA

Toronto, Ontario--(Newsfile Corp. - October 25, 2021) - Palladium One Mining Inc. (TSXV: PDM)

(OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that the

Company's team has been awarded the 2020 "Bernie Schnieders Discovery of the Year Award" for the

discovery of a high-grade copper-nickel zone at its 100% owned Tyko Copper-Nickel Project in Ontario,

Canada.

The award, presented by the Northwestern Ontario Prospectors Association (NWOPA), recognizes an

exceptional discovery in Northwestern Ontario during the previous calendar year.

Smoke Lake was discovered in late November 2020 with the first hole of drill program returning up to

8.7% Ni_Eq over 3.8 Meters

(6.6% Ni, 3.7% Cu, 0.09% Co, 0.67 g/t Pd, 0.81 g/t Pt, and 0.03 g/t Au) in

hole TK-20-016, (see news release

January 5, 2021

).

Derrick Weyrauch, President and CEO of Palladium One, said, "We would like to sincerely thank the

NWOPA for receiving this honour and look forward to expanding on our exciting discovery at the Tyko

property.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element

(PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or

LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland,

ranked by the Fraser Institute as one of the world's top countries for mineral exploration and

development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of

favorable basal contact and building on an established NI 43-101 open pit Mineral Resource.

ON BEHALF OF THE BOARD

"Derrick Weyrauch"

President & CEO, Director

For further information contact: Derrick Weyrauch, President & CEO

Email:

[email protected]

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

This press release includes "forward-looking information" that is subject to a few assumptions, risks

and uncertainties, many of which are beyond the control of the Company. Statements regarding listing

of the Company's common shares on the TSXV are subject to all of the risks and uncertainties

normally incident to such events. Investors are cautioned that any such statements are not

guarantees of future events and that actual events or developments may differ materially from those

projected in the forward-looking statements. Such forward-looking statements represent

management's best judgment based on information currently available. Factors that could cause the

actual results to differ materially from those in forward-looking statements include regulatory actions

and general business conditions. Such forward-looking information reflects the Company's views with

respect to future events and is subject to risks, uncertainties and assumptions, including those set out

in the Company's annual information form dated April 27, 2021 and filed under the Company's profile

on SEDAR at

www.sedar.com

. The Company does not undertake to update forward-looking

statements or forward-looking information, except as required by law. Investors are cautioned that any

such statements are not guarantees of future performance and actual results or developments may

differ materially from those projected in the forward-looking statements.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/100683