Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the 'Company' or 'Palladium One') is pleased to report the initial results of the 2023 exploration program on the Tyko Nickel - Copper Project, in Ontario, Canada.

President and CEO, Derrick Weyrauch commented, 'The impressive resolution of the new airborne magnetic survey has enabled us to better separate the interpreted chonolith / feeder dyke structures from later diabase dykes on the property. This greatly enhances our geological model and refines targeting of high priority structures.

The 2023 field season is now underway with a large field crew performing geological mapping, prospecting and soil sampling along the interpreted chonoliths / feeder dykes, to further refine drill targets for the upcoming drill program.'

The 2023 exploration program is focused on ground truthing and drill testing interpreted chonoliths / feeder dykes on the Tyko Project. The 2023 magnetic survey was designed to refine the geometry of the interpreted chonoliths / feeder dykes across Tyko's 30-kilometer strike length.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland.

Contact:

Email: info@palladiumoneinc.com

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

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