North American Palladium Ltd. (fka PALDF)

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Final results in February 2015.....Lower-Central Offset Zone


PR dated 10/16/2014:....January assay results appear moved to February

The 2014 drilling program is expected to determine if sufficient hangingwall zone inferred resources exist in the Lower Offset Zone to support a PEA study. Final assay results will be received in January after which an updated resource estimate for the lower Offset Zone will be completed.

As of September 30, 2014, four surface holes and four underground holes piercing the Lower Offset Zone had been completed. In the third quarter, one additional hole into the Offset Zone hangingwall zone was completed

Lower-North Offset Zone

Two additional holes were completed into the Lower-North Offset Zone

Management Discussion of Q3 Exploration Results

Management is very encouraged by the continued, positive extension drilling results obtained for both the Upper and Lower Offset Zone targets. The 2014 exploration program remains on track to support a planned PEA study for a potential Phase 2 Offset mine expansion

http://www.napalladium.com/investors/news-releases/news-release-details/2014/North-American-Palladium-Reports-Third-Quarter-Drilling-Results-for-Lac-des-Iles/default.aspx

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