North American Palladium to Host Palladium Exploration Seminar and Live Webcast on July 21

TORONTO, ONTARIO--(Marketwire - July 11, 2011) - North American Palladium Ltd. ("NAP") (TSX:PDL)(NYSE Amex:PAL) today announced it will host an investor seminar in Toronto on July 21, 2011 at 12:00 p.m. ET to discuss the Company's exploration prospects at its Lac des Iles ("LDI") palladium property in Northern Ontario. The seminar will also be webcast live on NAP's website at www.nap.com.

The seminar will aim to provide investors with a better understanding of the significant exploration upside at LDI, addressing the uniqueness of the deposit, an overview of the Company's past and current exploration targets, a discussion about the potential of the recent discoveries and other targets on the property, and how the recent exploration success ties into the mine expansion. In addition, Revelation Geoscience, a leading independent consultancy that has reviewed NAP's exploration records, will provide insight on the highly prospective LDI property within a global context by comparing it to other PGM deposits.

Interested research analysts, institutional equity salespeople and institutional investors who wish to attend this event in person are invited to RSVP to Camilla@nap.com or 416-360-7590 ext. 7226 by July 14, 2011.

Video Webcast Details

About North American Palladium

NAP is a Canadian precious metals company focused on growing its production of palladium and gold in mining-friendly jurisdictions. The Company's flagship mine, Lac des Iles, is one of the world's two primary palladium producers. NAP also owns and operates the Sleeping Giant gold mine located in the prolific Abitibi region of Quebec. The Company has extensive landholdings adjacent to both its Lac des Iles and Sleeping Giant mines, and a number of exploration projects. NAP trades on the NYSE Amex under the symbol PAL and on the TSX under the symbol PDL.