North American Palladium to Host Fourth Quarter 2011 Results Conference Call and Webcast on February 24

TORONTO, ONTARIO -- (Marketwire) -- 02/09/12 -- 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, Jeffrey A. Swinoga, Vice President, Finance and CFO, and Greg Struble, Vice President and COO, on Friday, February 24, 2012 at 10:00 a.m. ET to discuss NAP's fourth quarter and year ended December 31, 2011 financial and operating results.

NAP will issue its 2011 fourth quarter and year end results news release after market close on Thursday, February 23, 2012. The news release and quarterly report will be available on the Company's website at www.nap.com.

Conference Call and Webcast Details

Date:         Friday, February 24, 2012

Time:         10:00 a.m. ET

Webcast:      www.nap.com

Live Call:    1-866-551-3680 or 1-416-849-8296 (PIN: 35313714, followed by #
              sign)

Replay:       1-866-551-4520 or 1-212-401-6750 (PIN: 279776, followed by #
              sign)

The conference call replay will be available for 90 days after the live event. An archived audio webcast of the call will also be posted to NAP's website. Alternative international toll-free and toll access dial-in numbers for global conference participants are available on NAP's website under the Conference Calls tab on the Investor Relations page.

About North American Palladium

NAP is an established precious metals producer that has been operating its flagship Lac des Iles mine (LDI) located in Ontario, Canada since 1993. LDI is one of only two primary producers of palladium in the world, and is currently undergoing a major expansion to increase production and reduce cash costs per ounce. NAP also operates the Vezza gold mine located in the Abitibi region of Quebec. The Company's shares trade on the NYSE Amex under the symbol PAL and on the TSX under the symbol PDL.

Contacts:

North American Palladium Ltd.

Camilla Bartosiewicz

Director, Investor Relations and Corporate Communications

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