North American Palladium Ltd.
TSX : PDL
NYSE MKT : PAL

North American Palladium Ltd.

June 24, 2014 07:00 ET

North American Palladium Reports Voting Results From 2014 Annual & Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - June 24, 2014) - North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL)(NYSE MKT:PAL) released today the final voting results of its 2013 Annual and Special Meeting of Shareholders ("AGM") held on June 23, 2014 in Toronto, Ontario. The following matters were voted on:

1. Election of Directors

The following six nominees were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results were as follows:

Name of Nominee Votes For Percent Votes Withheld Percent
André J. Douchane 41,991,266 74.86 % 14,104,656 25.14 %
Alfred J. Hills 42,431,716 75.64 % 13,664,206 24.36 %
John W. Jentz 42,286,749 75.38 % 13,809,173 24.62 %
Robert J. Quinn 52,894,493 94.29 % 3,201,429 5.71 %
Greg J. Van Staveren 42,239,527 75.30 % 13,856,395 24.70 %
William J. Weymark 52,906,036 94.31 % 3,189,886 5.69 %

2. Appointment of Auditors

KPMG LLP, were reappointed as auditors of the Corporation to hold office until the next annual meeting, and the Directors were authorized to fix their remuneration. The results were as follows:

Votes For Percent Votes Withheld Percent
168,545,024 93.63 % 11,470,536 6.37 %

3. Approval of Amendments to the RRSP Plan

Shareholders approved the resolution confirming and ratifying the Company's Amended RRSP Plan, the text of which resolution is set forth in Schedule B of the Management Information Circular dated May 23, 2014. The results were as follows:

Votes For Percent Votes Against Percent
50,768,940 90.50 % 5,326,982 9.50 %

4. Approval of Amendments to the Stock Option Plan

Shareholders approved the resolution confirming and ratifying the Company's Amended Stock Option Plan, the text of which resolution is set forth in Schedule C of the Management Information Circular dated May 23, 2014. The results were as follows:

Votes For Percent Votes Against Percent
50,032,238 89.19 % 6,063,684 10.81 %

5. Approval of Amendments to the Restricted Share Unit Plan

Shareholders approved the resolution confirming and ratifying the Company's Amended and Restated RSU Plan, the text of which resolution is set forth in Schedule A of the Management Information Circular dated May 23, 2014. The results were as follows:

Votes For Percent Votes Against Percent
49,640,055 88.49 % 6,455,867 11.51 %

6. Approval of Continuation of Rights Plan

Shareholders approved the resolution approving the continuation of the Rights Plan the text of which is set forth in Schedule D of the Management Information Circular dated May 23, 2014. The results were as follows:

Votes For Percent Votes Withheld Percent
49,748,647 88.68 % 6,347,275 11.32 %

The formal Report on Voting Results with respect to all matters voted upon at the AGM will be filed with the Canadian securities regulatory authorities shortly.

About North American Palladium

NAP is an established precious metals producer that has been operating its Lac des Iles mine ("LDI") located in Ontario, Canada since 1993. LDI is one of only two primary producers of palladium in the world, offering investors exposure to palladium. The Company's shares trade on the NYSE MKT under the symbol PAL and on the TSX under the symbol PDL.

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