Palladium One Mining Inc. announced initial infill drilling results from the 17,500-meter Phase II drill program have delivered superior grades and demonstrate broad zones of continuity with multiple intercepts of high-grade, open-pit resource potential at the Kaukua South zone of the LK PGE-Ni-Cu project in Finland. Starting at only 43 meters down hole, hole LK20-028, returned 53 meters at 2.1 g/t Pd_Eq, with a core interval starting 47 meters down hole of 25 meters at 2.9 g/t Pd_Eq. Hole LK20-029 returned 25 meters at 2.6 g/t Pd_Eq starting at only 38 meters down hole, with a high-grade core starting 56 meters down hole of 5.5 meters grading 4.3 g/t Pd_Eq. These first seven holes represent a series of step out holes from Phase I drill holes LK20-016 and 018 which returned 63 meters of 3.5 g/t Pd_Eq and 35 meters of 2.8 g/t Pd_Eq. respectively. Highlights: Excellent grade and width continuity at Kaukua South demonstrated by the first seven holes, returning Palladium-rich mineralization ranging from 25 to 60 meters drilled width returning between 1.8 to 2.6 g/t Pd_Eq.; Near surface mineralization continues to be intersected with hole LK20-031 collaring into mineralized bedrock at 18 meters down hole. Higher-grade core zones continue to be intersected such as 5.5 meters returning 4.3g/t Pd_Eq in hole LK20-029. Drilling supports the potential of an economically robust open pit resource at Kaukua South. As at December 31, 2020, the Company had a cash balance of $7.2 million (unaudited). Regional Magnetic data suggests that favourable, mafic/ultramafic, Kaukua South host rocks continue to the east off the current Kaukau South IP survey grid. The Company has applied to upgrade its Exploration Reservation in this area into an Exploration Permit for future drill testing. Plans are underway for a high-resolution drone magnetic and IP survey over this extended area.