Palladium One Mining Inc.
2021  ESG Report
Published on  November 2, 2022
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 leading mining jurisdictions. Its flagship project is the Läntinen Koillismaa (LK) Project in north-central Finland. LK is a PGE-copper-nickel project that has existing Mineral Resources. PDM's second project is the 2020 Discovery of the Year Award winning Tyko Project, a high-grade sulphide, copper-nickel project located in Canada.
Disclaimer and Forward Looking Statements
Company Profile
Organizational Profile
Name Palladium One Mining Inc.
Describe nature of activities, brands, products and services Palladium One Mining Inc. is a Canadian
mineral exploration and development
company, targeting district scale, platinum-
group-element (PGE)-copper-nickel deposits in
leading mining jurisdictions. It currently has
three projects.

Läntinen Koillismaa - PGE-Ni-Cu Project (“LK
Project”), Finland

The palladium dominant LK project, a platinum-
group element (PGE), nickel (Ni), and copper
(Cu) project, is located in north-central Finland,
approximately 40 km north of the company’s
exploration office in the town of Taivalkoski.
The property is 160 km (by road) east
southeast of Rovaniemi and 190 km northeast
of the port city of Oulu. The LK Project is 100%
owned by Palladium One Mining Inc.

The LK project hosts an independent, NI43-101
compliant, Mineral Resource Estimate.

Tyko - Ni-Cu-PGE Project (“Tyko Project”),
Canada

The Tyko Property is a nickel (Ni), copper (Cu),
platinum-group element (PGE) project and
covers approximately 24,500 hectars including
claims under option from 3rd parties. The
mining claims are located in the townships of
McGill and Shabotik, Thunder Bay Mining
Division, Ontario, Canada

There are five significant Ni-Cu-PGE showings
or zones on the Tyko Project; the Smoke Lake,
RJ and Tyko, Bulldozer and Shabotik zones. The
Tyko Project is 100% owned by Palladium One
Mining Inc.

Disraeli – PGE Project (“Disraeli Project”),
Canada

The Disraeli Project is a platinum-group
element (PGE) project located 40 kilometers
north of Clean Air Metals Inc's TBN project and
only 50 kilometers east from Impala Platinum
Holdings Ltd's Lac Des Iles palladium Mine in
the Thunder Bay Mining Division.
Link to Corporate Website https://palladiumoneinc.com/
Industry Classification NAICS:
212232 Nickel-copper ore mining
212299 All other metal ore mining

ISIC:
B0729 Mining of other non-ferrous metal ores
Market Capitalization $0-$100Million USD
Type of Operations Exploration and development
Company Headquarters Toronto, Canada
ESG Accountability
Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance
Derrick Weyrauch, CEO is accountable for ESG
with the board of directors and ESG Committee
providing oversight.
ESG Reporting Period
Unless otherwise noted, all data contained in this report covers the following period
From 2021-01-01
To 2021-12-31
Geographic Scope of Report
Unless otherwise noted, the data in this report covers ESG matters related to the following locations of operations
   •  Canada
   •  Finland
Disraeli map
Tyko & LK map
Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) There are no notable exclusions in the 2021
ESG reporting period.
Fragile and Conflict-Affected Situations
Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations" None
Business Operations Scope of Report
Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) In the 2021 reporting period, Palladium One
Mining did not carry out any activities or
investments in its Kostonjarvi ("KS project"),
located in Finland; as such, this report does not
include the KS project.  

The Company acquired the CanAlask Cu-Ni
Project in the Yukon, Canada, in 2022, as a
result it is not included in this report.

There are no other notable exclusions relative
to the operations scope of the ESG report for
2021.
Mineral Resource Types in Scope
Which of the following mineral resource types are covered by this report
   •  Inferred
   •  Indicated
The LK project has indicated and inferred
resources, while all other projects are pre-
resource stage.
Mineral Reserve Types in Scope
Which of the following mineral reserve types are covered by this report None
Not applicable.
Currency
Unless otherwise noted, all financial figures referenced in this report are in the following currency CAD
Audit Status
Identify the degree to which any inputs of the report are third-party checked Self-Declared
Organizational Profile
Provide a list of externally-developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes, or which it endorses, e.g., GRI, UN Global Compact This report is the inaugural ESG report for the
Company. Palladium One Mining is reporting
based on the following Standards Bodies:

CDP - Carbon Disclosure Project
GRI - Global Reporting Initiative
GRI Comprehensive - Global Reporting
Initiative - Comprehensive
GRI Core - Global Reporting Initiative - Lite
GRI MM Supplement - Global Reporting
Initiative - Mining and Metals Supplement
ICMM - International Council on Mining &
Metals
IFC - International Finance Corporation -
Equator Principles
ISS - ISS & Glass Lewis - Proxy Advisors
ONYEN - Institutional and Investor Questions
PRI - Principles of Responsible Investing
SASB - Value Reporting Foundation
SASB Modified - Value Reporting Foundation -
Modified
UGC - UN Global Compact - Sustainable
Development Goals (SDGs)
Strategy
Provide a statement from the most senior decision-maker of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainability to the organization and its strategy for addressing sustainability (CEO's message for this report) Please see attached document.
CEO Statement
Derrick Weyrauch, CEO
Provide a description of key impacts, risks, and opportunities, Palladium One Mining is an exploration stage
mineral exploration company. Due to the early
stage of its activities its impacts and risks are
minimal, while opportunities, should
exploration prove successful in defining an
economic ore body, are significant.

The key impact at the current stage of
exploration is enhanced economic activities in
the regions in which it operates, in both direct
and indirect job creation, given the Company
strives to only use domestic labour.

Opportunities exist for formalization of
partnerships with local communities in respect
of many critical ESG aspects including,
employment, sustainable development,
protection of biodiversity, protection of water,
equity, diversity and inclusion in the workforce.
Ethics and Integrity
Provide a description of the organization’s values, principles, standards, and norms of behaviour Palladium One Mining's Code of Conduct and
Ethics (see link below) expresses the corporate
commitment to maintaining the highest ethical
standards of performance, defining the
Company we are, the values that govern and
guide our business and the ethical conduct we
expect of its members.
The Company is committed to ensuring that all
personnel (including the Board members,
employees and contractors) know and uphold
our Code, Principles, Policies and related
Procedures.

Palladium One Mining has adopted a number of
principles and policies that define its value
system.  These policies include the Diversity &
Inclusion Policy, Insider Trading Policy, and
Whistleblower Procedure.  

See below links to the Company's Policies and
Core Principles.

Company Policies

Core Principles
Material Topics
Governance of Material Topics
Describe the process followed to determine its material topics, including
i. How has the organization identified actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights, across its activities and business relationships; provide details
The current exploration activities of the
Company do not create significant impacts to
the local economy, environment and people.
Consequently, the Company has not yet
established a formal system to identify actual,
potential, and negative and positive impacts
derived from its operations.  As the Company
advances into the development stage risk
assessments both environmental and social will
be undertaken.

Palladium One Mining's field teams are
responsible for managing potential risks within
the exploration footprint. Field teams report
directly to the VP of Exploration who is
responsible for identifying, managing, and
reporting material topics.
ii. How has the organization prioritized the impacts for reporting based on their significance Please see comment above.
Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details
   •  Employees and other workers
   •  Governments
   •  Local communities
   •  Shareholders and other capital providers
   •  Suppliers
The Vice President of Exploration for the
Company is a professional explorationist (P.
Geo) with over 2 decades of
international  experience.  He is supported by
other geologists that cummulatively have
approximately 100 years of exploration
experience.  The Company's team of geologists
are considered experts and whose views inform
the processes used by the Company.
List the organization's material topics
   •  Compliance
   •  Overall environmental
   •  Occupational Health and Safety
   •  Diversity and Equal Opportunity
   •  Local Communities
   •  Permitting
List the organization's non-material topics Other, please specify
See below.
Provide reason for considering such topics not material, provide details Other, please specify
Palladium One Mining's projects are all in the
exploration stage. As part of its project
development phase, Palladium One Mining will
conduct baseline environmental and social
impact assessments and technical feasibility
studies to determine the degree of materiality
of the topics listed above for each project that
advances towards development.
Report changes to the list of material topics compared to the previous reporting period Palladium One Mining has not reported in the
past. This is the Company's foundational ESG
report.
Environment
Compliance - Palladium One Mining Inc.
a. Report fines and non-monetary sanctions for non-compliance with environmental laws and/or regulations in terms of
i. Total monetary value of significant fines 0
ii. Total number of non-monetary sanctions 0
iii. Cases brought through dispute resolution mechanisms 0
b. If the organization is in compliance with environmental laws and/or regulations, a brief statement if this fact is sufficient Palladium One Mining is in compliance with
applicable Canadian and Finnish environmental
laws and/or regulations.
Greenhouse Gas Emissions - LK
Scope 1
For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)
Carbon dioxide (CO₂) (tonne CO₂-e) 134.270
Methane (CH₄) (tonne CO₂-e) 0.000
Nitrous oxide (N₂O) (tonne CO₂-e) 0.000
Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) 0.000
Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) 0.000
Sulphur hexafluoride (SF₆) (tonne CO₂-e) 0.000
Nitrogen trifluoride (NF₃) (tonne CO₂-e) 0.000
Perfluoromethane (CF₄) (tonne CO₂-e) 0.000
Perfluoroethane (C₂F₆) (tonne CO₂-e) 0.000
Perfluorobutane (C₄F₁₀) (tonne CO₂-e) 0.000
Perfluorohexane (C₆F₁₄) (tonne CO₂-e) 0.000
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) 134.270
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 100.0000%
Greenhouse Gas Emissions - Disraeli
Scope 1
For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)
Carbon dioxide (CO₂) (tonne CO₂-e) 22.950
Methane (CH₄) (tonne CO₂-e) 0.000
Nitrous oxide (N₂O) (tonne CO₂-e) 0.000
Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) 0.000
Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) 0.000
Sulphur hexafluoride (SF₆) (tonne CO₂-e) 0.000
Nitrogen trifluoride (NF₃) (tonne CO₂-e) 0.000
Perfluoromethane (CF₄) (tonne CO₂-e) 0.000
Perfluoroethane (C₂F₆) (tonne CO₂-e) 0.000
Perfluorobutane (C₄F₁₀) (tonne CO₂-e) 0.000
Perfluorohexane (C₆F₁₄) (tonne CO₂-e) 0.000
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) 22.950
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 100.0000%
Greenhouse Gas Emissions - Tyko
Scope 1
For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)
Carbon dioxide (CO₂) (tonne CO₂-e) 121.085
Methane (CH₄) (tonne CO₂-e) 0.000
Nitrous oxide (N₂O) (tonne CO₂-e) 0.000
Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) 0.000
Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) 0.000
Sulphur hexafluoride (SF₆) (tonne CO₂-e) 0.000
Nitrogen trifluoride (NF₃) (tonne CO₂-e) 0.000
Perfluoromethane (CF₄) (tonne CO₂-e) 0.000
Perfluoroethane (C₂F₆) (tonne CO₂-e) 0.000
Perfluorobutane (C₄F₁₀) (tonne CO₂-e) 0.000
Perfluorohexane (C₆F₁₄) (tonne CO₂-e) 0.000
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) 121.085
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 100.0000%
Greenhouse Gas Emissions - Palladium One Mining Inc.
Scope 1
For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)
Carbon dioxide (CO₂) (tonne CO₂-e) 278.306
Methane (CH₄) (tonne CO₂-e) 0.000
Nitrous oxide (N₂O) (tonne CO₂-e) 0.000
Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) 0.000
Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) 0.000
Sulphur hexafluoride (SF₆) (tonne CO₂-e) 0.000
Nitrogen trifluoride (NF₃) (tonne CO₂-e) 0.000
Perfluoromethane (CF₄) (tonne CO₂-e) 0.000
Perfluoroethane (C₂F₆) (tonne CO₂-e) 0.000
Perfluorobutane (C₄F₁₀) (tonne CO₂-e) 0.000
Perfluorohexane (C₆F₁₄) (tonne CO₂-e) 0.000
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) 278.306
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 100.0000%
The entity shall discuss its long-term and short-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions Palladium One is an exploration stage Company
and its GHG emissions are minimal.

The Company strives to produce  Green
Transportation Metals (PGE-Ni-Cu-Co-Rh)
while delivering Net-Zero Greenhouse Gas
(GHG) Emissions over the full life of its
exploration, development, mining activities and
that of the metals it strives to produce.
Greenhouse Gas Emissions
Intensity Ratio
The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) 134.270
Carbon Offset
Credits
What is the percentage of the offset to the total CO₂ equivalence 0.0000%
How much CO₂ (metric tonnes) offset credits were purchased? 0.000
Air Emissions - Palladium One Mining Inc.
Report emissions of air pollutants that are released into the atmosphere
Emissions of carbon monoxide, reported as CO (tonne) 0.000
Palladium One Mining captures total GHG
emissions that include air emissions. As an
exploration company with minimal impact to
the environment, Palladium One Mining does
not segment  air emissions from total GHG
emissions.
Emissions of oxides of nitrogen (NOx), reported as NOx (tonne) 0.000
Emissions of oxides of sulphur (SOx), reported as SOx (tonne) 0.000
Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne) 0.000
Emissions of lead and lead compounds, reported as Pb (tonne) 0.000
Emissions of mercury and mercury compounds, reported as Hg (tonne) 0.000
Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne) 0.000
Energy Management - LK
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 1,939.000
Percentage energy consumed that was supplied by grid electricity 0.0000%
Percentage of energy consumed that is renewable energy 0.0000%
Energy Management - Disraeli
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 356.000
Percentage energy consumed that was supplied by grid electricity 0.0000%
Percentage of energy consumed that is renewable energy 0.0000%
Energy Management - Tyko
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 1,871.000
Percentage energy consumed that was supplied by grid electricity 0.0000%
Percentage of energy consumed that is renewable energy 0.0000%
Energy Management - Palladium One Mining Inc.
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 4,166.000
Percentage energy consumed that was supplied by grid electricity 0.0000%
Percentage of energy consumed that is renewable energy 0.0000%
Water - Palladium One Mining Inc.
Efficiency
Proportion of water reused and recycled by the site to reduce the overall consumptive water demand Does Not Apply
Water Management
Disclose the amount of water that was withdrawn from freshwater sources (in thousands of cubic meters) 3,963.000
Water withdrawn is estimated based on meters
of diamond drilling.  Water is withdrawn in
drilling activities to cool and lubricate the drill
bits, then is recycled back into the ground
through settling pits or tanks.  The Company
complies with government rules and
regulations for water usage.
Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn 0.0000%
Palladium One Mining does not operate in
areas of high or extremely high baseline water
stress. The LK, Tyko and Disreali projects are
located near basins that have been classified as
having a low overall water risk according to the
Water Resource Institute.
Disclose water withdrawn in locations with High or Extremely High Baseline Water Stress (in thousands of cubic meters) 0.000
Disclose freshwater consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed Does Not Apply
Disclose the amount of water that was consumed in its operations (in thousands of cubic meters) 0.000
Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters) 0.000
Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations No
Total number of instances of non-compliance, including violations of a technology-based standard and exceedances of quality-based standards 0
All Palladium One Mining exploration sites
were in compliance with Finnish and Canadian
water-regulations. The Company was not
subject to any fines, enforcement orders, or any
other instances of non-compliance during the
2021 reporting period.
Water and Effluents - LK
Water Consumption
Report the total water consumption from all areas in megaliters
Report the total water consumption from all areas with water stress in megaliters 0.000
Water and Effluents - Finland
Water Consumption
Report the total water consumption from all areas in megaliters
Report the total water consumption from all areas with water stress in megaliters 0.000
Water and Effluents - Disraeli
Water Consumption
Report the total water consumption from all areas in megaliters
Report the total water consumption from all areas with water stress in megaliters 0.000
Water and Effluents - Tyko
Water Consumption
Report the total water consumption from all areas in megaliters
Report the total water consumption from all areas with water stress in megaliters 0.000
Water and Effluents - Canada
Water Consumption
Report the total water consumption from all areas in megaliters
Report the total water consumption from all areas with water stress in megaliters 0.000
Water and Effluents - Palladium One Mining Inc.
Water Consumption
Report the total water consumption from all areas in megaliters
Report the total water consumption from all areas with water stress in megaliters 0.000
Waste Management - Palladium One Mining Inc.
Total amount of tailings waste generated from mining activities by the entity during the reporting period (tonne) 0
Palladium One Mining is an exploration stage
company, it therefore does not generate
tailings waste.
Tailings Storage Facilities Management
Does your company manage Tailings Storage Facilities No
Innovation
Spending on Research, Development, and Technologies for waste management compliance and improvement 0.00
At this stage of development, Palladium One
Mining does not have waste impact that is
relevant for review. At an appropriate stage of
project development, Palladium One Mining
will undertake a waste management review and
address spending on research and development
or technologies to address any potential risks.
Biodiversity - Palladium One Mining Inc.
Management Plan
List the environmental and biodiversity management plan(s) implemented at active sites Given the Company's stage of development it
currently does not have formal biodiversity
management plans. The Company follows all
laws and regulations in relation to biodiversity
in the countries it operates and is required to
follow biodiversity standards to obtain permits.
1.1 Mine lifecycle stages to which the plan(s) apply Not applicable
1.2 The topics addressed by the plan(s) Not applicable
Not applicable, but when appropriate, the
Company intends to address:
- Noise impacts
-  Emissions to air
- Discharges to water
- Biodiversity
- Waste generation
- Natural resource consumption
-Hazardous chemical useage
1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups) Biodiversity standards are often a requirement
for obtaining permits in Canada and Finland.
The Company intends to comply with all
applicable permitting standards and to ensure
all required permits are in place before
undertaking exploration or development
activities.

See link to the Company's Core Principles.
Core Principles
Biodiversity - LK
Impacts
Does access to the site involve traversing a protected area No
The Company does not operate in any
environmentally protected and/or
conservation areas.
Do any of the entities concessions share a watershed with a protected area No
The Company does not share in any material
way any watersheds with a protected area.
Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve The Company follows all government rules and
regulations in Finland and follows all permitting
requirements related to watershed protection.
The Company's property rights cover
approximately 30,000 hectares of land,
logically such a large land position will encroach
on watersheds that may drain into protected
areas.  The Company does not conduct any
exploration on protected or conservation lands.
Biodiversity - Disraeli
Impacts
Does access to the site involve traversing a protected area No
The Company does not operate in any
environmentally protected and/or
conservation areas.
Do any of the entities concessions share a watershed with a protected area No
The Company does not share in any material
way any watersheds with a protected area.
Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve The Company follows all government rules and
regulations and follows all permitting
requirements related to watershed protection.
Biodiversity - Tyko
Impacts
Does access to the site involve traversing a protected area No
The Company does not operate in any
environmentally protected and/or
conservation areas.
Do any of the entities concessions share a watershed with a protected area No
The Company does not share in any material
way any watersheds with a protected area.
Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve The Company follows all government rules and
regulations and follows all permitting
requirements related to watershed protection.
Biodiversity - Palladium One Mining Inc.
Impacts
Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Palladium One Mining does not have proved
reserves.
Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Palladium One Mining does not have probable
reserves.
Percentage of inferred, indicated and measured reserves in sites with protected conservation status or in areas of endangered species habitat 0.0000%
The Company does not operate in areas with
protected conservation status or in areas of
endangered species habitat.
Social
Employment - Palladium One Mining Inc.
Scale of the Organization
Report the total number of operations 2
The Company's operations are the Finnish
exploration operations which include the LK
project and the Canadian exploration
operations which include the Tyko and Disreali
projects.
i. Report the total number of direct employees worldwide (exclude contractors) 6
ii. Report the total number of contract employees worldwide 0
iii. Total number of employees worldwide (include contractors) 6
iv. Total number of female employees and contractors worldwide 2
Female employees and contractors as percentage of total employees and contractors 33.3333%
v. Total number of male employees and contractors worldwide 4
Male employees and contractors as percentage of total employees and contractors 66.6667%
vi. Total number of non-binary employees and contractors worldwide 0
Non-binary employees and contractors as percentage of total employees and contractors 0.0000%
Total number of employees and contractors with gender not disclosed 0
Employees and contractors with gender not disclosed as percentage of total employees and contractors 0.0000%
Employee Information
Report the total number of direct employees by employment type (permanent and temporary), by gender 6
Total number of permanent employees 6
Total number of permanent employees - female 2
Total number of permanent employees - male 4
Total number of permanent employees - Non-binary 0
Total number of permanent employees - Gender not disclosed 0
Total number of temporary employees 0
Report the total number of contractors by employment type (permanent and temporary), by gender 0
The Company has defined contract employees
as those with contractor or consulting
agreements with individuals who perform core
functions for the Company.  The Company only
has 3rd party vendors, which have not been
defined as contractors.
Total number of permanent contractors 0
Total number of temporary contractors 0
Report the total number of employees by employment type (full-time and part-time), by gender 6
Total number of full-time employees - female 1
Total number of part-time employees - female 1
Total number of full-time employees - male 4
Total number of part-time employees - male 0
Total number of full-time employees - Non-binary 0
Total number of part-time employees - Non-binary 0
Total number of full-time employees - Gender not disclosed 0
Total number of part-time employees - Gender not disclosed 0
Report the total number of contractors by employment type (full-time and part-time), by gender 0
Turnover
Report the total number and rate of employee turnover during the reporting period, by age group, and gender
All Employees
Total number of turnover (the number that left during the period) 0
Rate of turnover 0.0000%
In 2021, there was no employee turnover and
the Company hired five new positions in the
reporting year.
Turnover & Age Breakdown
Employees aged 30 years old and under
Total number of turnover (the number that left during the period) 0
As percent of total employees 0.0000%
Rate of turnover Does Not Apply
Employees aged between 30 and 50 years old
Total number of turnover (the number that left during the period) 0
As percent of total employees 83.3333%
Rate of turnover 0.0000%
Employees over 50 years old
Total number of turnover (the number that left during the period) 0
As percent of total employees 16.6667%
Rate of turnover 0.0000%
Identify types of employees captured in the turnover rate calculations All employees on the payroll
Average age of employees 43
Diversity and Equal Opportunity
Report the percentage of employees per employee category in each of the following diversity categories
Board of Directors
Total Board of Directors 5
Percent Male 80.0000%
Percent Female 20.0000%
Percent Non-Binary 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 20.0000%
Percent over 50 years of age 80.0000%
Senior Management
Total Senior Managers 4
Percent Male 75.0000%
Percent Female 25.0000%
Percent Non-Binary 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 75.0000%
Percent over 50 years of age 25.0000%
Salaried (excluding Senior Management)
Total Salaried (excluding Senior Management) 2
Percent Male 50.0000%
Percent Female 50.0000%
Percent Non-Binary 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 100.0000%
Percent over 50 years of age 0.0000%
Technical Employees (skilled hourly)
Total Technical Employees 0
Production Employees (unskilled hourly)
Total Production Employees 0
Contractors:
Total Contractors 0
Labour Relations - Palladium One Mining Inc.
Collective Bargaining Agreements
Percentage of total direct employees covered by collective bargaining agreements Does Not Apply
The Company has no collective bargaining
agreements.
Notice Periods
Minimum number of weeks’ notice typically provided to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them Palladium One Mining provides employees a
minimum of 2 weeks notice prior to the
implementation of significant operational
changes that could affect them.
Occupational Health and Safety - Palladium One Mining Inc.
Work-related Injuries
Injuries - For all employees
i. Number of fatalities as a result of work-related injury 0
i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
ii. Number of high-consequence work-related injuries (excluding fatalities) 0
ii. Rate of high-consequence work-related injuries (excluding fatalities) 0.000
iii. Number of recordable work-related injuries 0
iii. Rate of recordable work-related injuries 0.000
iv. Main types of work-related injury, e.g., confined space, trips, falls, etc. There have been no work related injuries in any
of Palladium One Mining's sites in the 2021
reporting period.
v. Number of hours worked 6,600
Lost Time Injuries (LTIs) 0
Lost Time Injuries Rate (LTIR) 0.000
Injuries - workers who are not employees but whose work and/or workplace is controlled by the organization
i. Number of fatalities as a result of work-related injury 0
i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours 0.000
ii. Number of high-consequence work-related injuries (excluding fatalities) 0
ii. Rate of high-consequence work-related injuries (excluding fatalities) 0.000
iii. Number of recordable work-related injuries 0
iii. Rate of recordable work-related injuries 0.000
iv. Main types of work-related injury, e.g., confined space, trips, falls, etc. There have been no work related injuries in any
of Palladium One Mining's sites in the 2021
reporting period.
v. Number of hours worked 0
Lost Time Injuries (LTIs) 0
Lost Time Injuries Rate (LTIR) 0.000
Combined (Employees and non-employees, but controlled by the organization):
Total Hours Worked 6,600
Total number of all work-related injuries 0
Rate of work-related injuries 0.000
Total Lost Time Injuries (LTIs) 0
Lost Time Injuries Rate (LTIR) 0.000
Report the work-related hazards that pose a risk of high-consequence injury, including
i. How have these hazards been determined
Workplace activities which pose a risk of high-
consequence injury are those related to field
work on exploration projects and include the
operating of: motor vehicles, heavy equipment,
and drill rigs, as well as natural environmental
hazards.
ii. Which of these hazards have caused or contributed to high-consequence injuries during the reporting period There have been no high-consequence injuries
in the reporting period.
iii. Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls The Company holds daily morning meetings on
site where health and safety issues are
discussed, such meetings include both
employees and contractors on site.   The
Company also does random safety site
inspections of active drill sites.  The Company
inspects drill pads after drilling has been
completed to check for safety, health and
environmental issues.
Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors Both contractors and employees are included in
daily on-site meetings.
Safety Training
Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training
Average hours of health, safety, and emergency response training for (a) full-time/direct employees 0
Average hours of health, safety, and emergency response training for (b) contract employees 0
Security, Human Rights and Rights of Indigenous People - Palladium One Mining Inc.
Identify the countries of operations within the World Bank's list of “Fragile and Conflict-Affected Situations” None
Describe the nature of any social risks, for all operating countries, that could have a material risk to operations Palladium One Mining operates in countries
with low political and social risks.
In Canada, various indigenous communities and
in Finland, various local communities, may
exert traditional rights that could affect
permitting activities and a 'social license' to
operate.
Security, Human Rights and Rights of Indigenous People - Finland
Percentage of inferred, indicated and measured reserves that are located in or near areas that are considered to be indigenous peoples’ land 0.0000%
Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate In Finland where the Company operates, there
are no indigenous communities but rather local
communities whose municipal governments the
Company engages with.
Security, Human Rights and Rights of Indigenous People - Canada
Percentage of inferred, indicated and measured reserves that are located in or near areas that are considered to be indigenous peoples’ land Does Not Apply
As of December 31, 2021, the Company does
not have a published technical report
estimating mineral resources on the Tyko or
Disreali projects in Canada.
Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate In Canada, the Company regularly engages with
local indigenous communities as part of its
stakeholder outreach initiatives.  Additionally,
the Company has sought to negotiate a
Memorandum of Understanding to help define
its interactions locally.
Security, Human Rights and Rights of Indigenous People - Palladium One Mining Inc.
Percentage of inferred, indicated and measured reserves that are located in or near areas that are considered to be indigenous peoples’ land 0.0000%
Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate The Company engages with indigenous
communites that may be affected by its
activities.
Discuss practices and list procedures while operating in areas of conflict Palladium One Mining does not operate in
areas of conflict as defined by SASB EM-MM-
210a.3.3.
Community Relations - Finland
Programs
Report on community relations programs, objectives and achievements in the past 3 years The Company has met with municipal
government leaders in the nearby communities
of Posio and Taivalkosky next to the LK project
as well as published in local newspapers, the
Company's exploration activities.  The
Company has met with numerous local
landowners.  The Company retains a
local  resident as our principle geological
consultant who has long standing relationships
in the area.
Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business As detailed above, the Company continues to
engage and communicate with the local
communities about its exploration activities for
the project.  The Company engages a local
resident as a consultant in a key role for the
project.  The Company is required to notify
local governments of its exploration plans
before undertaking exploration programs.
Community Relations - Canada
Programs
Report on community relations programs, objectives and achievements in the past 3 years The Company engages with potentially affected
First Nations communities in the area on
exploration activities and has hosted members
of the community on-site to view its
exploration activities.
Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business The Company is committed to engaging  First
Nations communities in its exploration
activities. The Company employs vendors and
contractors from the local First Nations
communities wherever possible.
Community Relations - Palladium One Mining Inc.
Artisanal and Small-Scale Mining
Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized) 0
Percentage of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site 0.0000%
Report the associated risks and the actions taken to manage and mitigate these risks The Company does not operate in areas where
artisanal and small-scale mining takes place.
Risks and Opportunities
Disclose the total number of site shutdowns or project delays due to non-technical factors 0
In 2021, there have been no site shutdowns or
project delays due to non-technical factors in
any of the Company's sites.
Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors 0
Governance
Climate Change
Oversight
Is there board-level oversight of climate-related issues within your organization Yes
The Board of Directors has an ESG committee
that provides oversight to managing climate-
related issues.
Responsibility
Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues Chief Executive Officer (CEO)
Nature of primary responsibility Managing climate-related risks and
opportunities
Reporting
Frequency of reporting to the board on climate-related issues Other, please specify
Management continuously reports climate-
related issues to the board.
Incentives
Do you provide incentives for the management of climate-related issues, including the attainment of targets No, and we do not plan to introduce them in the
next two years
Risk and Opportunity Management
Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities Yes
Risk Assessments
Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business Not applicable, please specify
None have been identified.
Opportunity Assessments
Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business Yes
Palladium One Mining has climate-related
opportunities in that the metals it explores for
are used to reduce Greenhouse Gas
Emissions.  The Company is still in the
exploration stage and therefore has yet to fully
realize the opportunities which come with
further stages of growth.
Where in the value chain does the opportunity driver occur Direct operations
Opportunity type Products and Services: Development and/or
expansion of low emission goods and services
The key opportunity before the Company is to
discover economically viable ore bodies of
metals that are used to reduce GHG
emissions.  By discovering and developing such
ore bodies the Company's share price could
realize a substantial positive re-rating.
Strategy
Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning Yes
Palladium One Mining has focused its business
to explore for metals which support the
growing global demand for green
transportation to reduce Green House Gas
Emissions
Water Management
Quality and Quantity Dependency
Rate the importance (current and future) of freshwater quality and quantity to the success of your business
Direct use importance rating Have not evaluated
Indirect use importance rating Have not evaluated
Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business
Direct use importance rating Have not evaluated
Indirect use importance rating Have not evaluated
Risk Assessments
Does your organization undertake a water-related risk assessment No, water-related risks are not assessed
Due to the stage of the Company and amount
of water used in the operations, water-related
risk assessments are not yet performed yet, we
continue to be in compliance with all permitting
requirements which include water
management.
Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations No
The Company initiated baseline water sampling
for classification purposes in 2021 to assess
potential water related issues that could affect
future operations.
Opportunity Assessments
Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business No
Not yet assessed, the Company is still in the
exploration stage.
Responsibility
Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues Chief Executive Officer (CEO)
Policy
Does your organization have a documented water policy No
The Company has a position statement for
water as a part of the Company's Mining
Principles.
Reporting
Frequency of reporting to the board on water-related issues Other, please specify
As required.
Incentives
Do you provide incentives to C-suite employees or board members for the management of water-related issues No, and we do not plan to introduce them in the
next two years
Strategy
Are water-related issues integrated into any aspects of your long-term strategic business plan Yes, water-related issues are integrated
If water-related issues are integrated into any aspects of your long-term strategic business plan, please describe further Water related issues are a large consideration
in the permitting process, as such the Company
integrates water issues into long-term planning.
If water-related issues are integrated into any aspects of your long-term strategic business plan, identify the associated long-term time horizon 5-10 years
Water related issues are integrated into early
stage project planning and consideration of
post mine water management also requires
consideration in which the time horizon is 20+
years.
General Disclosure
Structure
a. Report the governance structure of the organization, including committees of the highest governance body, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc. Palladium One Mining's Board of Directors is
composed of 5 members 3 of which are
independent. The Board is led by non-executive
Chairman Lawrence Roulston. The following
are committees of the Board of Directors:

1. Audit Committee
2. Compensation Committee
3. Environmental, Social & Governance
Committee
Committees
b. Report the committees responsible for decision-making on economic, environmental, and social topics, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc. Palladium One Mining's Environmental, Social
& Governance Committee is responsible for
advising and making recommendations to the
Board on economic, environmental, and social
topics.
Responsibility
a. Has the organization appointed an executive-level position or positions with responsibility for economic, environmental, and social topics , e.g., is it part of the Governance structure of the company, the CFO or internal audit reporting to the Board Yes
The CEO is the executive-level position with
responsibility for economic, environmental and
social topics.
Reporting Structure
b. Report whether position holders report directly to the highest governance body or CEO The CEO reports to the Board of Directors.
Consultation Process
Report the processes for consultations between stakeholders and the highest governance body on economic, environmental and social topics, e.g., for most mining companies it would be the executives and operations and not the Board, and if delegated, explain how Engagement between stakeholders and the
highest governance body on economic,
environmental and social topics are led by the
VP of Exploration and the CEO.  Any topics of
this nature that are material to the Company
are communicated to the Board of Directors.
Composition
Report the composition of the highest governance body and its committees by:
Number of executive members 2
Number of non-executive members 3
Number of independent members 3
Less than 3 years 5
3-6 years 0
6-9 years 0
More than 10 years 0
Lists of each individual’s other significant positions and commitments, and the nature of the commitments, e.g., other boards and executive positions Please refer to the attached document for a
description of Palladium One Mining's Board of
Director's significant positions and
commitments.
Board of Director's Executive Biographies
Number of Male governance body members 4
Number of Female governance body members 1
Number of members from under-represented social groups 0
Description of competencies relating to economic, environmental, and social topics Director Mrs. Bee Moscoso, joined the Board in
2021 and is the Chair of the ESG Committee.
Mrs. Bee Moscoso has extensive experience in
ESG topics that are material to the Company
such as managing legal, regulatory, permitting
and contractual matters during exploration,
development, operations and mine closures,
and has held responsibilities for coordinating
government and public relations, and
developing social outreach programs to foster
positive relations with stakeholders, including
long-term agreements with indigenous
communities and private landowners. Her
background also includes providing legal and
governance oversight to major mining
operations.

Please refer to the attached document for a
description of all of Palladium One Mining's
Board of Director's competencies relating to
economic, environmental and social topics.
Board of Director's Executive Biographies
Description of stakeholder representation Palladium One Mining engages with
communities that may be affected by its
projects,  shareholders, employees ,
government authorities, and vendors and
suppliers.
Board Diversity
Do you have a diversity policy and if so, provide details, link to the policy or attach the file The Company's Diversity and Inclusion Policy
was approved by the Board in March 2022.
Diversity and Inclusion Policy
Non-Executive Director
Is the chair of the highest governance body also an executive officer in the organization No
Conflicts of Interest
Report the processes for the highest governance body to ensure conflicts of interest are avoided and managed, e.g., list procedures As per the Code of Conduct and Ethics,
Palladium One Mining personnel are prohibited
from engaging in acts that could result in
conflicts of interest without prior authorization
of the board and/or executive management.

For further details, please refer to the Code of
Conduct and Ethics at the link below.
Code of Conduct and Ethics
Report whether conflicts of interest are disclosed to stakeholders, including, as a minimum Yes
i. Cross-board membership Yes
ii. Cross-shareholding with suppliers and other stakeholders Yes
iii. Existence of controlling shareholder
N/A
iv. Related third party disclosures Yes
Transparency
Report the highest governance body’s and senior executives’ roles in the development, approval, and updating of the organization’s purpose, value or mission statements, strategies, policies, and goals related to economic, environmental, and social topics The Board of Directors is the highest
governance body with the  Environmental,
Social and Governance Committee providing
advice and recommendations to the Board
relating to Environmental, Social and
Governance matters.

Please refer to the link below for further
information.
Environmental, Social and Governance
Committee Charter
Report on the measures taken to develop and enhance the highest governance body’s collective knowledge of economic, environmental, and social topics, e.g., board training Palladium One Mining's Environmental, Social
and Governance Committee's mandate
requires the committee make
recommendations to the Board in relation to
directors’ orientation and continuing
education.

In the 2021 reporting period, Director
Mrs.  Bee Moscoso joined to Board as an expert
in the field of ESG.  

Please refer to the link below for further
information.
Environmental, Social and Governance
Committee Charter
Report the actions taken in response to evaluation of the highest governance body’s performance with respect to governance of economic, environmental, and social topics, including, as a minimum, changes in membership and organizational practice, (response to external evaluations) A formal evaluation did not take place in 2021.
Environmental, Social and Governance
Committee Charter
Report the highest governance body’s role in identifying and managing economic, environmental, and social topics and their impacts, risks, and opportunities – including its role in the implementation of due diligence processes, (committee roles) Palladium One Mining's Environmental, Social
and Governance Committee provides oversight
of management for: (i) the establishment of an
ESG framework and Key Performance
Indicators as it relates to the Company’s
exploration and development goals, (ii) the
management of health, safety, loss prevention,
operational security, sustainable development,
environmental, community relations, human
rights, anti-corruption and anti-bribery,
government relations and communications
issues relating to the Company and, (iii) the
Company compliance with ESG laws,
regulations, or other obligations, including
compliance with the Company’s Code of
Conduct and Ethics and its ESG policies,
procedures and initiatives.

Please refer to the link below for further
information.
Environmental, Social and Governance
Committee Charter
Is stakeholder consultation used to support the highest governance body’s identification and management of economic, environmental, and social topics and their impacts, risks, and opportunities, and if delegated, explain how Yes
The Board of Directors of Palladium One
Mining receive information derived from
stakeholder engagement from the CEO and the
VP of Exploration who report on potential
impacts, risks and opportunities on a regular
basis.
Remuneration
Report how performance criteria in the remuneration policies relate to the highest governance body’s and senior executives’ objectives for economic, environmental, and social topics Economic, environmental and social topics are
not yet incorporated into remuneration
policies.
How are stakeholders’ views sought and taken into account regarding remuneration Any new share-based incentive program
requires a shareholder vote to approve the
program at the Company's Annual General
Meeting.
If applicable, report the results of votes on remuneration policies and proposals Palladium One Mining proposed a new long-
term, share-based incentive program, to issue
restricted share units (the "RSU" plan) and was
put forward and approved by shareholders in
the 2021 Annual General Meeting.
Ethics
Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain As per the Company's Code of Conduct and
Ethics,  Palladium One Mining does not tolerate
any act of corruption, such as offering or paying
bribes, direct or indirectly, or anything of value
to public officials to get an unfair advantage,
retain business, divert funds, property or
business opportunities; or improperly using
Company assets. This definition does not
exclude other concepts and definitions of
corruption provided for in applicable laws.

Palladium One Mining has a whistleblower
mechanism to report and properly address
potential acts of corruption and bribery.

Please refer to the links below for further
information.
Code of Conduct and Ethics

Whistleblowing Procedure
Report net production from activities located in the countries with the 20 lowest rankings in Transparency International’s Corruption Perception Index (CPI) (Saleable tonne) 0
Anti-Corruption
Communication and Training
i) Total number of governance body members that have received training on anti-corruption, broken down by region 0
Total number and percentage of employees that have received training on anti-corruption, broken down by employee category and region 0
Tax
Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including:
i. The approach to engagement with tax authorities The Company's approach is to be fully
compliant to tax rules and regulations in all
jurisdictions that the Company operates.
ii. The approach to public policy advocacy on tax The Company does not actively advocate for
public policy changes to tax issues.
iii. The processes for collecting and considering the views and concerns of stakeholders, including external stakeholders The Company publishes quarterly financial
statements as well as contact details to address
any comments by stakeholders.

The Company has a website with contact
details.
This document was prepared using
, Planet Earth's complete ESG reporting solution.