Palladium One Mining Inc. reported the final results of the 2022 drill program on the Tyko Project Nickel - Copper Project, in Ontario, Canada. These results represent the widest intercepts to date from the West Pickle Zone massive sulphide discovery. The most easterly hole drilled to date on the West Pickle Zone (Hole TK22-117), intersected high-grade massive nickel-copper sulphides and has extended the zone to over 600 meters in length, and it remains open for further expansion on the east toward the RJ Zone.

To date a total of 32 holes, totaling 6,766 meters have been drilled in the vicinity of the West Pickle discovery. At present, West Pickle mineralization has been defined over more than 600 meters of strike length. The 2022 drill program consisted of 70 holes totaling 13,038 meters.

The 2023 exploration program is focused on ground truthing and drill testing interpreted Chonoliths /Feeder Dykes on the Tyko Project. In First Quarter 2023, the Company completed a high-resolution magnetic survey while the field season is expected to resume once snow conditions allow. The First Quarter 2023 magnetic survey while the field season will resume once snow conditions allow.

The First Quarter 2023 magnetic survey was designed to refine the geometry of the interpreted feeder dykes /chonoliths across the Tyko project's 30-kilometer strike length prior to additional drill testing.