TORONTO, ON, Mar 30, 2023 – (ACN Newswire) – Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) ("Palladium One" or "PDM") is pleased to announce that it has entered into a subscription agreement for a C$4,252,050 non-brokered private placement financing (the "Private Placement") with a wholly owned subsidiary of Glencore plc ("Glencore"). Pursuant to the Private Placement, PDM will issue 28,347,000 common shares ("Common Shares") at C$0.15 per Common Share. Upon completion of the Private Placement, Glencore will own approximately 9.99% of the issued and outstanding Common Shares on a non-diluted basis.

"We welcome Glencore as a shareholder and are pleased that our efforts to build a portfolio of nickel – copper sulphide projects in Tier 1 jurisdictions has been recognized and endorsed by an industry leader. We believe this transaction highlights the deep discount to fundamental value and strategy that PDM's shares represent.

"By utilizing its financial resources and expertise Palladium One will continue to execute its strategy of maximizing exposure to critical minerals on a per share basis.

"We look forward to working with Glencore's exploration team to advance our common exploration and development goals," commented Derrick Weyrauch, Chief Executive Officer of PDM.

"We are very pleased to become a cornerstone investor in Palladium One. The management team has been able to put together a sizeable land package focused on critical minerals. The exploration results to date have been very encouraging and we look forward to working with Palladium One to build on the success the team has had to date," commented Wayne Ashworth, Head of Nickel Assets for Glencore.

Net proceeds of the Private Placement are intended to be used for exploration and development activities at the Company's nickel projects, for future exploration and development activities, working capital and general and administrative expenses.

In connection with the Private Placement, Palladium One and Glencore will enter into an investor rights agreement (the "Investor Rights Agreement"), pursuant to which Glencore will be entitled to certain customary rights including participation rights on future equity security issuances and a right to nominate an individual to the technical committee of Palladium One (such committee will be formed on execution of this investment). Under the Investor Rights Agreement, Glencore will agree to certain customary transfer and standstill restrictions.

The Private Placement is expected to close on or about April 11, 2023, subject to customary conditions, including acceptance by the TSX Venture Exchange. The Common Shares issued pursuant to the Private Placement will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. No commissions or finder fees are payable in connection with the Private Placement.

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. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions.

These forward-looking statements include, but are not limited to, statements relating to the proposed Private Placement; expected future attributes, capitalization and strategy of Palladium One following the completion of the Private Placement; the anticipated benefits of, and rationale for, the Private Placement; plans, strategies and initiatives for Palladium One; terms and conditions of the Separation, including the expected use of proceeds of the Private Placement; the anticipated timing for completion of the Private Placement; the terms and conditions of the Investor Rights Agreement; and other statements that are not historical facts.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Highlights

• New High-Grade discovery (“Ember Zone”) located 3.5 kilometers southwest of the Smoke Lake Zone
• Multiple near surface drill intercepts of high-grade nickel – copper mineralization Including:
  • 6.9 meters grading 1.1% Ni, 0.3% Cu (Hole TK22-104)
    • Including 1.9 meters grading 2.0% Ni, 0.4% Cu
  • 5.3 meters grading 0.7% Ni, 0.8% Cu (Hole TK22-100)
    • Including 1.5 meters grading 2.0% Ni, 2.8% Cu
• Ember Zone is located adjacent to a greater than six (6) kilometer long interpreted Chonolith / Feeder Dyke that is on strike with the Cupa Lake Versatile Time Domain Electromagnetic airborne (“VTEM”) anomaly.
  • Cupa Lake also hosts coincident strong nickel and copper soil anomalies.
    
• Chonolith / Feeder Dyke geological model continues to be confirmed.

Toronto, Ontario, Mar 27, 2023 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One“) is pleased to report the discovery of a new high-grade nickel – copper zone (“Ember Zone“) which is located 3.5 kilometers southwest of the Smoke Lake Zone (Figure 1) on the Tyko nickel – copper project, in Ontario, Canada (“Tyko Project“).

“The discovery of another high-grade nickel – copper zone at Tyko further supports our thesis that we have a significant new nickel camp on our hands. The Ember Zone exhibits many similarities to the nearby Smoke Lake Zone and other high-grade nickel – copper zones on the Tyko Project. Notably the Ember Zone is adjacent to an extensive interpreted Chonolith, which is on strike with the Cupa Lake VTEM / soil anomalies, suggesting Ember may be part of much larger mineralizing system,” commented Derrick Weyrauch, President and Chief Executive Officer.

The Ember Zone was first identified by a moderate two line VTEM anomaly in 2021 (see the Company’s news release dated October 28, 2021), reconnaissance soil sampling returned weakly anomalous nickel values up to 42 parts per million (“ppm“), and copper values up to 30 ppm (Figure 2). The weak geophysical and soil anomalies of the Ember Zone resulted in it being drill tested during Q4 2022, Its discovery reinforces the notion that any VTEM anomaly and even weak soil anomalies can point to high-grade nickel – copper mineralization on the Tyko Project.

Notably the Ember Zone is located just north of an interpreted lengthy east-west trending Chonolith / Feeder Dyke structure which is on strike with the Cupa Lake VTEM / soil anomaly (Figure 2). Cupa Lake represents a multi-line VTEM anomaly and a strong soil anomaly with values up to 132 ppm nickel and 512 ppm copper. Cupa Lake is a priority drill target which has an outstanding Exploration Permit application.

The geometry of the Ember Zone is not fully delineated, drilling to date was focused on defining the zone at shallow depths as the conductor’s orientation was poorly defined by the airborne VTEM survey. Thus far, the zone appears to form a southwest plunging body toward the interpreted Chonolith / Feeder Dyke structure located to the South (Figure 3). Hole TK22-108 was drilled as a Bore Hole ElectroMagnetic (“BHEM“) geophysical platform but deviated from the interpreted plunge of the zone. A BHEM survey is planned in Q2 2023 to better define the VTEM conductor and search for potential conductors at depth.

The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 14 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed. The 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. The 2023 exploration program will continue to focus on these newly identified and interpreted Chonolith / Feeder Dyke structures on the 30,000-hectare Tyko Project (Figure 1).

Figure 1. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics (“CVG“).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_001full.jpg

Figure 2. Ember Zone and Cupa Lake target showing drill holes, soil samples and recently staked claims (see the Company’s new release dated January 26, 2023) which cover the eastern extension of the interpreted Chonolith / Feeder Dyke Structure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_002full.jpg

Figure 3. Semi-massive to net-textured sulphide consisting of pentlandite, chalcopyrite, and pyrrhotite hosted by pyroxenite in the Ember Zone (Hole TK22-100).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_003full.jpg

Figure 4. Ember Zone plan map and stylized cross section, with select significant intercepts looking northwest. Hole TK22-108 was drilled as a geophysical platform hole for a future BHEM survey. Hole TK22-107 was drilled to test the interpreted Chonolith structure but failed to intersect any ultramafic rocks or explain the strong magnetic anomaly, the Chonolith structure remains to be tested.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004afull.jpg

Figure 4. Continued

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004bfull.jpg

Table 1: Assay Results: Tyko 2022 Drill Results from New Ember Zone

Hole	From (m)	To (m)	Width (m)	Ni %	Cu %	Co %	TPM g/t	Pd g/t	Pt g/t	Au g/t
TK22-096	No significant values
TK22-097	54.9	56.3	1.4	0.52	0.26	0.01	0.06	0.02	0.04	0.00
TK22-098	No significant values
TK22-099	Abandoned due to hole deviation
TK22-100	51.3	56.6	5.3	0.71	0.85	0.02	0.09	0.03	0.05	0.00
	53.3	54.8	1.5	2.01	2.85	0.04	0.26	0.11	0.14	0.01
TK22-101	No significant values
TK22-102	54.4	60.4	6.0	0.28	0.15	0.01	0.05	0.01	0.02	0.02
	54.4	57.4	3.0	0.38	0.23	0.01	0.08	0.02	0.03	0.04
TK22-103	43.8	47.6	3.9	0.45	0.26	0.01	0.04	0.02	0.02	0.00
	43.8	45.8	2.1	0.74	0.45	0.02	0.08	0.03	0.04	0.00
TK22-104	32.0	38.9	6.9	1.07	0.28	0.02	0.07	0.03	0.04	0.00
	35.7	37.5	1.9	2.02	0.36	0.04	0.11	0.05	0.06	0.00
TK22-105	No significant values
TK22-106	12.2	20.4	8.2	0.24	0.14	0.01	0.02	0.01	0.01	0.00
	14.2	19.3	5.1	0.30	0.17	0.01	0.02	0.01	0.01	0.00
TK22-107	No significant values
TK22-108	No significant values, drilled as a BHEM geophysical platform

(1) Reported widths are “drilled widths” not true widths.

Table 2: Drill Hole Locations for assay results from this News Release

Hole	Azimuth	Dip	Length	NAD83 z16 East	NAD83 z16 North	Elevation
TK22-096	160	-75	225	625080.7	5419729	376
TK22-097	30	-55	150	625102.4	5419695	372.4
TK22-098	30	-70	126	625093.5	5419670	371.9
TK22-099	35	-45	22	625089.8	5419670	376.8
TK22-100	35	-45	75	625093.5	5419670	371.9
TK22-101	65	-45	84	625090.4	5419660	373.8
TK22-102	0	-45	111	625091.1	5419667	372.9
TK22-103	20	-45	96	625088.4	5419680	372.8
TK22-104	48	-50	63	625090.6	5419674	372.9
TK22-105	350	-70	99	625089.2	5419672	372.7
TK22-106	45	-45	51	625125.9	5419706	373
TK22-107	330	-75	195	625218.8	5419494	370.7
TK22-108	350	-70	300	625024.1	5419609	373.8

QA/QC
The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility.

Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. (“Actlabs“) in Thunder Bay, Ontario. Actlabs, which is ISO 17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.

About Tyko Nickel – Copper – Cobalt Project
The Tyko Nickel – Copper – Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is a high sulphide tenor, nickel – copper (2:1 ratio) project and currently has six known mineralized zones spanning over a 20 kilometer strike length.

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

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. The Läntinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating the 2023 exploration program and its focus and results; the pending results of the Company’s previous drilling; the standards of testing; and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159861

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TORONTO, ONTARIO , Mar 27, 2023 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to report the discovery of a new high-grade nickel – copper zone ("Ember Zone") which is located 3.5 kilometers southwest of the Smoke Lake Zone (Figure 1) on the Tyko nickel – copper project, in Ontario, Canada ("Tyko Project").

"The discovery of another high-grade nickel – copper zone at Tyko further supports our thesis that we have a significant new nickel camp on our hands. The Ember Zone exhibits many similarities to the nearby Smoke Lake Zone and other high-grade nickel – copper zones on the Tyko Project. Notably the Ember Zone is adjacent to an extensive interpreted Chonolith, which is on strike with the Cupa Lake VTEM / soil anomalies, suggesting Ember may be part of much larger mineralizing system," commented Derrick Weyrauch, President and Chief Executive Officer.

The Ember Zone was first identified by a moderate two line VTEM anomaly in 2021 (see the Company's news release dated October 28, 2021), reconnaissance soil sampling returned weakly anomalous nickel values up to 42 parts per million ("ppm"), and copper values up to 30 ppm (Figure 2). The weak geophysical and soil anomalies of the Ember Zone resulted in it being drill tested during Q4 2022, Its discovery reinforces the notion that any VTEM anomaly and even weak soil anomalies can point to high-grade nickel – copper mineralization on the Tyko Project.

Notably the Ember Zone is located just north of an interpreted lengthy east-west trending Chonolith / Feeder Dyke structure which is on strike with the Cupa Lake VTEM / soil anomaly (Figure 2). Cupa Lake represents a multi-line VTEM anomaly and a strong soil anomaly with values up to 132 ppm nickel and 512 ppm copper. Cupa Lake is a priority drill target which has an outstanding Exploration Permit application.

The geometry of the Ember Zone is not fully delineated, drilling to date was focused on defining the zone at shallow depths as the conductor's orientation was poorly defined by the airborne VTEM survey. Thus far, the zone appears to form a southwest plunging body toward the interpreted Chonolith / Feeder Dyke structure located to the South (Figure 3). Hole TK22-108 was drilled as a Bore Hole ElectroMagnetic ("BHEM") geophysical platform but deviated from the interpreted plunge of the zone. A BHEM survey is planned in Q2 2023 to better define the VTEM conductor and search for potential conductors at depth.

The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 14 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed. The 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. The 2023 exploration program will continue to focus on these newly identified and interpreted Chonolith / Feeder Dyke structures on the 30,000-hectare Tyko Project (Figure 1).

Figure 1. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics ("CVG").
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_001full.jpg

Figure 2. Ember Zone and Cupa Lake target showing drill holes, soil samples and recently staked claims (see the Company's new release dated January 26, 2023) which cover the eastern extension of the interpreted Chonolith / Feeder Dyke Structure.
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_002full.jpg

Figure 3. Semi-massive to net-textured sulphide consisting of pentlandite, chalcopyrite, and pyrrhotite hosted by pyroxenite in the Ember Zone (Hole TK22-100).
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_003full.jpg

Figure 4. Ember Zone plan map and stylized cross section, with select significant intercepts looking northwest. Hole TK22-108 was drilled as a geophysical platform hole for a future BHEM survey. Hole TK22-107 was drilled to test the interpreted Chonolith structure but failed to intersect any ultramafic rocks or explain the strong magnetic anomaly, the Chonolith structure remains to be tested.
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004afull.jpg

Figure 4. Continued
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004bfull.jpg

Table 1: Assay Results: Tyko 2022 Drill Results from New Ember Zone
https://www.acnnewswire.com/docs/Multimedia/20230327.Table1.jpg

Table 2: Drill Hole Locations for assay results from this News Release
https://www.acnnewswire.com/docs/Multimedia/20230327.Table2.jpg

QA/QC
The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility.

Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. ("Actlabs") in Thunder Bay, Ontario. Actlabs, which is ISO 17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.

About Tyko Nickel – Copper – Cobalt Project
The Tyko Nickel – Copper – Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is a high sulphide tenor, nickel – copper (2:1 ratio) project and currently has six known mineralized zones spanning over a 20 kilometer strike length.

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

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. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating the 2023 exploration program and its focus and results; the pending results of the Company's previous drilling; the standards of testing; and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159861

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TORONTO, ON, Mar 6, 2023 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) ("Palladium One" or "PDM") and MetalCorp Limited (TSXV: MTC) ("MetalCorp" or "MTC") are pleased to announce a definitive agreement (the "Arrangement Agreement") for a business combination to be completed under a plan of arrangement. Palladium One has agreed pursuant to the Arrangement Agreement to acquire all of the issued and outstanding shares of MetalCorp by way of a statutory plan of arrangement under the Business Corporations Act (Ontario) (the "Transaction"). Pursuant to the Transaction, MetalCorp shareholders ("MTC Shareholders") will receive, in exchange for each common share in the capital of MetalCorp (a "MTC Share") held, 0.30 (the "Exchange Ratio") of a common share in the capital of Palladium One (each whole share, a "PDM Share"). The Exchange Ratio implies a purchase price of C$0.026 per MTC Share, or gross consideration of C$3.3 million. The number of PDM shares to be issued on completion of the Transaction is approximately 38,703,051. Existing shareholders of PDM will hold approximately 88% of PDM immediately following completion of the Transaction, and the former MTC Shareholders will hold approximately 12% immediately following completion of the Transaction.

"This transaction advances our strategy of creating value by responsibly, establishing a partnership with a senior producer and growing a portfolio of critical mineral assets in Canada in support of North American critical mineral supply chains, and it also increases liquidity," commented Derrick Weyrauch, Chief Executive Officer of PDM.

"We are pleased to be combining MetalCorp's business with Palladium One," commented Donald Sheldon, Chief Executive Officer of MTC. "Like MetalCorp, Palladium One has an excellent suite of properties including gold, PGEs, copper – nickel and a strong cash position. Based on the TSXV closing prices of each company on the day the agreement was signed, this transaction reflects a 28% premium for MetalCorp shareholders."

Transaction Highlights:

– PDM will maintain the earn-in agreement in favour of Barrick Gold Inc. ("Barrick"), on MetalCorp's Hemlo East Project adjacent to Barrick's producing Hemlo Gold Mine (>21 million ounces mined to date) and located 40 kilometers southwest of PDM's Tyko Project.

– MetalCorp's assets include two critical mineral projects located in Ontario, a Tier 1 mining jurisdiction (Figure 1):

— North Rock Copper – Nickel Project
—- Road accessible, permitted, exploration stage.
—- A historical resource estimate.

— Big Lake BL-14 Copper – Zinc – Gold – Silver VMS-style Project
—- Road accessible, exploration stage.

– MetalCorp's assets also include a royalty portfolio of five exploration stage mineral projects located in Ontario, the principal royalty being:

— Hemlo Annex Property (Barrick):
—- 2% NSR royalty.
—- 176 hectares between Barrick's Hemlo gold mine and the Hemlo East Project.

– The business combination strengthens the proforma cash position to approximately C$13 million as of December 31, 2022.

Upon completion of the Transaction, Palladium One will benefit from the following:

– Three district scale, road accessible massive sulphide, magmatic nickel – copper projects located in Tier 1 mining jurisdictions:

1. Tyko Nickel – Copper – Cobalt Project (30,000 hectares), Ontario Canada
— Extremely high tenor Massive Sulphides in a new untested Nickel District

2. CanAlask Nickel – Copper Project (3,400 hectares), Yukon Canada
— Large-scale ultramafic body with multiple high-grade nickel – copper – PGE showings.

3. KS Nickel – Copper – PGE Project (16,000 hectares), Finland
— Potential for extremely high tenor sulphide: ~ 3 oz per tonne precious metals, ~10% nickel and ~13% copper (based on 100% sulphide using metal tenors of the adjacent LK Project).

– LK Platinum-Group-Element (PGE) – Copper – Nickel Project in Finland
— National Instrument 43-101 compliant Mineral Resource Estimate (April 2022)

– North Rock Copper – Nickel Project (7,000 hectares), Ontario Canada
— Covers 20 kilometers of the Grassy Portage layered mafic intrusion and hosts four known zones of copper-nickel sulphide mineralization.

– Hemlo East Earn-in agreement with Barrick Gold Inc. ("Barrick" or "ABX")
— Hemlo East Project is adjacent to Barrick's producing Hemlo Gold Mine (>21 million ounces mined to date)
— Located 40 kilometers southwest of the Tyko Project (see details above).
— Earn-in agreement signed in November 2020.
— On November 26, 2021, MetalCorp announced that Barrick provided a notice of Force Majeure due to permitting delays resulting in Barrick's inability to meet the performance obligations under the earn-in agreement. Barrick is maintaining the claims in good standing.

– C$4.4 million of assessment credits from MetalCorp resulting in no cash servicing requirements for at least ten years on the North Rock Cu-Ni, Big Lake Cu-Au VMS and the Black Bear Au Projects.

Figure 1. Location map of Ontario mineral properties. Red are Critical Mineral nickel-copper projects, yellow are gold projects.
https://images.newsfilecorp.com/files/6502/157317_b4f6d06d940e39f9_001full.jpg

Transaction Details

The Transaction will be subject to the approval of at least 66 2/3% of the votes cast by MTC Shareholders, voting as a single class at a special meeting of the MTC Shareholders to be called to consider the Transaction, which is expected to be held near the end of April 2023 (the "Meeting"). In addition to the approval of the MTC Shareholders, the Transaction is also subject to the receipt of certain regulatory and court approvals, including the approvals of the TSX Venture Exchange ("TSXV"), and other closing conditions customary in transactions of this nature.

Pursuant to the Arrangement Agreement, unless otherwise excluded, all outstanding options exercisable into MTC Shares, which remain unexercised at the effective time of the Transaction, will be exchanged for options exercisable into PDM Shares at the Exchange Ratio.

Support for the Transaction

All directors and senior officers of MTC have entered into support and voting agreements with PDM, pursuant to which they have agreed to vote their MTC Shares, representing approximately 40% of the issued and outstanding MTC Shares, in favour of the Transaction. The board of directors of MTC has unanimously approved the Transaction.

Subject to certain conditions, including obtaining the requisite regulatory approvals, the Transaction is expected to close by the end of April 2023.

Further details of the Transaction are set out in the Arrangement Agreement and will be included in a management information circular of MetalCorp to be mailed in connection with the Meeting (the "Circular"). The Arrangement Agreement and Circular will be made available on SEDAR under the issuer profile of each of PDM and MTC at www.sedar.com.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

Advisors and Counsel
Bennett Jones LLP is acting as Palladium One's legal advisor. Dickinson Wright LLP is acting as MetalCorp's legal advisor.

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of Palladium One and a Qualified Person as defined by National Instrument 43-101.

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. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

About MetalCorp
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.

For further information, for Palladium, contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

For further information, for MetalCorp, contact:
Donald Sheldon, CEO
Email: info@metalcorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements contained in this press release include, without limitation, statements with respect to: any information as to the future financial or operating performance of Palladium One and MetalCorp, the completion of the Transaction, the expected synergies and benefits of the Transaction, the "Transaction Highlights", the future price of nickel, copper, gold, and cobalt, the estimation of mineral resources, costs and timing of the development of projects and new deposits, success of exploration, currency fluctuations, requirements for additional capital, government regulation of mining operations, and environmental risks. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, among others, risks associated with the results of shareholder and regulatory approvals for the Transaction, the integration of MetalCorp with Palladium One, the quality of the title of MetalCorp to its assets and the extent of any known, unknown or contingent liabilities of MetalCorp, the results of the exploration at the Hemlo East or North Rock Copper-Nickel Projects, the accuracy of mineral resource estimates; project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of Palladium One and MetalCorp common share prices and volume; and tax consequences to Canadian and U.S. shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and neither MetalCorp nor Palladium One undertakes any obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157317

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Vancouver, BC, Mar 3, 2023 – (ACN Newswire) – Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) ("Doubleview") is pleased to provide additional information regarding outstanding analytical information from its 2021 four drill-hole program that totalled 2,476 meters. Assay results will be released in the near future. Furthermore, analytical results from Doubleview's 2022 drill program that comprised 8 holes with total length 3,433 metres, are being received from the laboratory and will be released as soon as they have been compiled and verified. To date, Doubleview has drilled 51 holes at the HAT deposit totalling more than 20,750 meters.

The Company's robust quality assurance – quality control ("QA/QC") process, which among other things, tracks the chain of custody of drill samples, after many delays, in consultation with the independent assay lab, determined that some of the 2021 samples were lost. Although the entire transfer route from the property to the lab was re-evaluated and double-checked and to ensure that the samples were not simply mislaid or misdirected, the exact cause of the loss was not identified.

When 2022 property work began, missing core intervals were re-sampled by re-sawing the remaining half-cores. The replacement samples thus were quarter cores. The Company may consider re-drilling the drill holes in question at a future date but it has been determined that is not necessary at this point.

Following this serious failure of sample custody, the Company's QA/QC procedures were thoroughly reviewed and even further strengthened and were in effect during the 2022 drill program.

Quality Assurance & Quality Control

Hat Project drill core handling procedures were developed to ensure the integrity of data. Cores are delivered securely to a central processing facility where, after being photographed, weighed, measured and logged, they are halved by sawing with one half sent for analysis and one-half retained for future reference. Individual sample lengths vary and are based on geologic characteristics as determined by the on-site geologist. The stream of samples sent to the lab includes blank, duplicate and certified reference samples. Samples are bagged individually, weighed and placed in labelled rice bags for transfer to an ISO 17025 and ISO 9001 standards compliant analytical lab. The lab is independent of Doubleview and maintains rigorous internal monitoring procedures to ensure reliability of assay and analytical results.

Samples were analysed for gold by fire assay with atomic absorption finish 48 other elements by four acid digestion with ICP-MS finish.

Doubleview's 2022 drill program comprised of 8 drill holes totalling 3,433 meters. Analytical results are currently arriving from the laboratory and will be released as soon as they have been compiled and verified.

Qualified Persons:

Erik Ostensoe, P. Geo., a consulting geologist and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder of the company.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: A1W038), (FSE: 1D4). Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties and the application of advanced state-of-the-art exploration methods. The Company's portfolio of strategic properties provides diversification and mitigates investment risk.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:
Doubleview Gold Corp
Vancouver, BC
Farshad Shirvani, President & CEO
E: corporate@doubleview.ca

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SHAH ALAM, Malaysia, Feb 28, 2023 – (ACN Newswire) – LEON FUAT BERHAD, a manufacturer and trader of steel products specialising in rolled long and flat steel, today announced that the Group reported a 15.6% increase in revenue to RM1.03 billion for the financial year ended 31 December 2022 (FY2022) compared with RM886.58 million recorded for the preceding financial year (FY2021).

For the financial year under review, the Group reported a profit before tax (PBT) of RM36.92 million, a 78.6% decrease compared with RM172.85 million for the FY2021. For the FY2022, the Group registered profit after tax (PAT) of RM29.54 million, a 78.3% decrease compared with RM135.98 million for the FY2021.

The Group reported revenue of RM238.15 million for the fourth quarter ended 31 December 2022 (Q4FY2022), which is a 6.3% decrease compared with RM254.21 million reported for the corresponding quarter of the preceding financial year (Q4FY2021).

For the Q4FY2022, the Group recorded a loss before tax of RM7.49 million compared with PBT of RM38.61 million registered for the Q4FY2021 while a net loss of RM5.14 million was reported for the Q4FY2022 as compared with PAT of RM29.09 million recorded for the Q4FY2021.

For the quarter under review, the trading segment contributed 32.7% to revenue while the processing segment contributed 67.2%.

Calvin Ooi Shang How, Executive Director of Leon Fuat said, "While there was an increase in revenue for the FY2022 attributable to the increase in revenue for both the trading and processing segments of the Group, the gross profit margin decreased by approximately 14.8 percentage points compared to the FY2021 and that has had an impact on the Group's overall gross profit (GP), which decreased 58.8% to RM91.26 million. The overall GP was also affected by inventories written down of RM12.93 million compared with RM0.37 million for the FY2021 as certain inventories were measured at its estimated net realisable value."

"The Group will continue to expand market reach leveraging on its diversified customer base comprising small-medium enterprises (SMEs) across various industries. We remain cautious on the outlook for 2023 despite the domestic economy's growth momentum in 2022 as exports face headwinds while the operating landscape continues to be impacted by inflationary pressure and a weak ringgit, which also affect SMEs. We will continue to take the necessary proactive measures to enhance productivity and efficiency of our operations."

Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com