Canadian Palladium Resources Inc. provided an update on diamond drilling at the west end of the East Bull Deposit. The drilling in this area will deepen hole EB-21- 52, found to contain 2.38 g/t PdEq over 6 metres at the bottom of the hole and stopped in mineralization. The extension of this hole is significant as the mineralization at the base of the hole is a new zone hosted in an interpreted feeder dyke located 50 m below the main zone of contact-style mineralization. In addition to testing the feeder dyke, the next phase of drilling is designed to extend and expand the western extent of the mineralized zone. The holes will be a series of approximately 100 metre step outs from EB-21-55 (2.222 g/t PdEq over 22 metres) and EB-21-54 (0.989 g/t PdEq over 5 metres). The drilling to date has now defined a 3.0 km strike length of near-surface disseminated sulphide mineralization hosting palladium, platinum, rhodium, gold, and base metals located 90 kilometres west of Sudbury, Ontario. The current phase of diamond drilling is scheduled to be completed in 28 days. It is expected that 6 holes totaling another 2,000 metres will be completed in this area and if successful is anticipated that mineralization could potentially be expanded for another 200 - 300 metres west and 200 metres down dip from existing drill intersections.