Palladium One Mining Inc. reported soil sampling has identified up to 0.43% copper in soil from a new chonolith ("magma conduit"), newly named Blaze, thought to represent part of the plumbing system that fed the large Bulldozer mafic-ultramafic intrusion located along the northern portion of the Tyko I Property, which forms part of the larger Tyko Nickel - Copper Project in Ontario, Canada. Highlights. The Company's geologic model has again been confirmed with a previously 'interpreted' chonolith target having been confirmed.

The newly named Blaze chonolith is interpreted to be part of the feeder ("magma conduit") system that emplaced the Bulldozer mafIC-ultramafic intrusion at Tyko I. Up to 0.43% copper In Fourth Quarter 2023, 3,023 meters were drilled in 22 diamond drill holes on the Tyko projects. The program focused on the West Pickle Zone of Tyko I as well the newly acquired Feries-Moshkinabi mafic-ultramAFic complex in the Tyko II property. Drilling at the West Pickle Zone was designed to be shallow and to test for near surface mineralization proximal to the soil anomalies previously reported.

De De De De De Dege testing of the recently announced MagnetoTelluric ("MT") geophysical anomaly that could connect West Pickle to the RJ Zone, 4 to 5 kilometers to the east, and the Gionet Zone on Tyko II will require additional drill permits. The 2023 ground truthing field program collected a total of 7,355 soil samples while additional work included prospecting and mapping extensive portions of Tyko for the first time. A total of 3,741 soil samples covering the central and western portion of the Tyko I property comprise this release.

These areas included the McGill Lake zone, Blaze chonolith, Greenback, Ember Zone, and Cupa Lake targets. The geological mapping undertaken this year is highly valuable as it has provided the Company with a much greater understanding of the Tyko Project geology for target generation. Soil sampling along the trend returned several moderate nickel and chrome anomalies indicating an ultramafic component, thereby suggesting mafic-ultramabic rocks intruded this volcano-sedimentary package of greenstone-belt type rocks.

The Greenback area located just to the southwest of the Blaze chonolith appears to be a remnant sliver of greenstone rocks, and locally anomalous gold, this area may represent a volcanogenic sulphide ("VMS") target. The McGill Lake area also saw discovery success with several anomalous copper samples up to 1,100 ppm or 0.11% Cu), that warrant additional investigation. Geological mapping has indicated abundant mafic volcanics and gabbroic clasts within the tonalite suggesting a high degree of preservation of the original greenstone belt-type rock, and potentially the mafic ultramafic rocks which intruded them.

The significance of which is that there is a high degree of probability of Ni-Cu mineralization occurring in this area, ground geophysical surveys including Induced Polarization ("IP") and MT are proposed to guide further targeting before drill testing.