North American Palladium to Host First Quarter 2011 Results Conference Call and Webcast on May 10 Invites Shareholders to Annual Meeting in Toronto

TORONTO, ONTARIO -- (Marketwire) -- 04/26/11 -- North American Palladium Ltd. ('NAP') (TSX: PDL)(NYSE Amex: PAL) will host a conference call and live webcast with its management team, including William J. Biggar, President and CEO, and Jeffrey A. Swinoga, Vice President, Finance and CFO, on Tuesday, May 10, 2011 at 2:00 p.m. ET to discuss NAP's first quarter ended March 31, 2011 financial and operating results.

NAP also announced that it will hold its annual and special meeting of shareholders on Wednesday, May 11, 2011 in Toronto, with proceedings scheduled to begin at 10:00 a.m. ET.

The details for both events are as follows:

Conference Call and Webcast

Date:                      Tuesday, May 10, 2011
Time:                      2:00 p.m. ET
Webcast:                   www.nap.com
Dial in:                   416-340-2218 or 866-226-1793
Replay:                    905-694-9451 or 800-408-3053 (Passcode: 5716682)

NAP will issue its 2011 first quarter results news release after market close on Monday, May 9, 2011. The news release and quarterly report will be available on the Company's website at www.nap.com. The conference call replay will be available until midnight on May 23, 2011. An archived audio webcast of the call will also be posted to NAP's website.

Annual and Special Meetings of Shareholders

Date:                      Wednesday, May 11, 2011
Time:                      10:00 a.m. ET
Webcast:                   www.nap.com
Venue:                     The TSX Broadcast Centre Gallery
Address:                   The Exchange Tower, 130 King Street West,
                           Toronto, Ontario

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.

Contacts:

North American Palladium Ltd.

Camilla Bartosiewicz

Manager, Investor Relations and Corporate Communications

416-360-7590 Ext. 7226
camilla@nap.com