Canadian Palladium Resources Inc. provided new assay results for five diamond drill holes EB-20-43 to EB-20-47 at the East Bull Palladium Deposit, located 90 kilometres west of Sudbury, Ontario. These holes bridged the west end of the Valhalla Zone with the Garden Zone. The drilling program has now defined over 2.5 km strike length of near- continuous disseminated sulphide mineralization hosting palladium, platinum, rhodium, gold and base metals. A highlight from the current results is Hole EB-20-43 that intersected two mineralized intervals with 1.71 grams of Palladium equivalent (PdEq) over 7.0 metres and 1.44 grams PdEq over 10.0 metres at the west end of the Valhalla Zone. Holes EB-20-46 and -47 extended the Garden Zone east from previously drilled mineralization with 9.0 m of 1.16 g/t PdEq and 7.0 m of 1.30 g/t PdEq respectively. Hole EB-20-45 intersected the fault zone that separates the Valhalla and Garden Zones and did not encounter any significant values. Rhodium (Rh) is currently trading at an all-time high price of USD 25,000/oz and the Company notes that rhodium is a significant component of East Bull mineralization. Previously reported high-grade intersections from the East Bull drilling program include the following rhodium (Rh) values: EB-20-01 - 6.0 m at 6.30 g/t 3PGM+Au including 0.083 g/t Rh; EB 20-03 - 3.0 m at 4.85 g/t 3PGM+Au including 0.065 g/t Rh; EB-20-07 - 3.0 m at 6.06 g/t 3PGM+Au including 0.108 g/t Rh; EB-20-12 - 2.0 m at 4.90 g/t 3PGM+Au including 0.153 g/t Rh. The Company's protocol is to analyze Rh after initially assaying for palladium, platinum and gold. Once Rh results are received, the Rh concentrations will be reported and Rh will be included as a component of 3PGM (palladium+platinum+rhodium) and included in calculations of palladium equivalent (PdEq). At current prices Rh will be the second most important contributor to PdEq at East Bull after Pd itself. The Company's drill program is ongoing and current drilling is successfully intersecting a western continuation of the Garden Zone. Samples have been submitted for analysis and assays are pending. The Palladium mineralization is hosted within a 45° north dipping vari-textured gabbro unit near the basal contact of the East Bull Gabbro. Drilling has successfully focused on testing the downdip extension of this contact-type mineralization. Such mineralization structures are typically tens of metres thick.