North American Palladium Ltd. is Canada's only primary producer of palladium. The Company's Lac des Iles open pit mine, located 85 kilometres northwest of Thunder Bay in northern Ontario, also produces by-products of platinum, gold, copper and nickel.

The Lac des Iles deposit contains one of the largest open pit bulk mineable palladium reserves in the world. In 2006, the underground mine at Lac des Iles achieved commercial production.

The Company's mandate includes, as well as operating its Lac des Iles mining and milling facility, the expansion of production through an aggressive exploration campaign aimed at increasing exposure to base and precious metals, both in Canada and internationally.

Announcements:

A Playback of the Conference call held on November 16, 2006 to discuss the Q3 is available Until December 4, 2006 by dialing : Local Access: 416-695-5275; Toll-Free Access: 1-888-509-0081 Enter Passcode: 634584