Mr. Wayne Tisdale reports

CANADIAN PALLADIUM COMMENCES DRILLING

Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) has started the diamond drilling program at the East Bull palladium property.

Drilling has begun with one rig, and a second will be added once the logistics are settled and drill sites have had snow removed. The first drill is starting in the western end of the Valhalla zone and will progress eastward, infilling gaps and drilling down dip. The plan is to establish a full-service camp within two kilometres of the project when the second drill is delivered to site. The diamond drilling is focusing on expanding the National Instrument 43-101 inferred resource (see news release dated July 3, 2019).

Canadian Palladium is pleased that Vital Drilling was able to get mobilized quickly. The fact the property is year-round accessible by a numbered highway has expedited the process. The company is still targeting to have core available for viewing at the Prospectors and Developers Association of Canada convention in early March, 2020.

Wayne Tisdale, president and chief executive officer, commented: "I am currently on site with our geological team and look forward to drilling this vastly underexplored property. With palladium currently at $2,250 per ounce, the time is right to us to expand upon our existing inferred resource."

The company has granted an aggregate of three million incentive stock options to certain directors, officers, employees and consultants of the company, subject to regulatory approval. The stock options will be exercisable at 20 cents for a period of five years from the date of grant.

We seek Safe Harbor.