North American Palladium Ltd.

North American Palladium Ltd.

January 25, 2007 10:17 ET

North American Palladium Appoints New Vice-President of Exploration & Development

TORONTO, ONTARIO--(CCNMatthews - Jan. 25, 2007) - North American Palladium Ltd. (TSX:PDL)(AMEX:PAL) is pleased to announce the appointment of Reno Pressacco, M. Sc. to the position of Vice-President of Exploration and Development.

Mr. Pressacco has spent the last twenty years in mineral exploration and mine development, particularly in northern Ontario and Quebec, in a variety of geological environments. A graduate of McGill University with a Master of Science degree in Mineral Exploration, he has conducted exploration programs and economic evaluations for companies including Placer Dome Canada, Agnico-Eagle and Royal Oak Mines that have resulted in the identification of significant mineralization and advancement. As senior geologist for Agrium, he played a key role in profitability enhancement, ore reserve expansion and sustaining long term viability. More recently with the consulting firm Micon International, Mr. Pressacco conducted mineral reserve and resource estimations and audits, as well as technical due diligence reviews of exploration and development properties and operating mines in North and South America, Russia, Armenia and China.

Mr. Pressacco is the author of several papers on precious metal and ore deposits in northern Ontario and is a member of the Association of Professional Geoscientists of Ontario and the Prospectors and Developers Association of Canada. He will be based in the Toronto, Ontario head office.

"We look forward to welcoming Reno to our senior management team. His experience and enthusiasm are well suited to an exciting expansion agenda in Canada and Finland" Jim Excell, President and CEO of North American Palladium added.

He replaces Bruce Mackie who, after three years of notable contributions to NAP's future, has decided to pursue other interests. Mr. Mackie has been retained to assist in a smooth transition in the areas of exploration and development.

North American Palladium's Lac des Iles Mine is Canada's only primary producer of platinum group metals and is among the largest open pit, bulk mineable palladium operations in the world. The Mine also generates substantial revenue from platinum and by-product metals including nickel, gold and copper. NAP is focused on expanding its production profile through joint ventures in Canada and Finland. Palladium's catalytic qualities are expected to play an increasing role in the automotive industry in response to growing concern for global environmental solutions, in fuel cell technology for alternative energy sources and an emerging jewellery market, while continuing to have widespread application in the dental, electronics and chemical sectors.

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