NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

 
 
FOR: NORTH AMERICAN PALLADIUM LTD
 
TSE SYMBOL:  PDL 
NASDAQ SYMBOL:  POLCF PDLCF 
 
JUNE 11, 1997 
 
North American Palladium Limited - Company Upadate 
 
THUNDER BAY, ONTARIO--The Board of Directors of North  American  
Palladium Ltd. (TSE & NASDAQ), announced today that C.D.  
McDoulett, Jr., President and CEO, will retire effective August 1, 
1997 for health reasons.  Mr.  McDoulett suffered an illness last  
fall from which he has been recovering.  Mr. McDoulett said that  
the combination of job requirements and travel between Tulsa and  
Thunder Bay was hindering his recovery and  not in the best  
interest of his health.  Mr. McDoulett has been a director of the  
Company since 1991 and was instrumental in bringing the Lac des  
Iles mine into full operation.  The Board extends its best wishes  
to Mr. McDoulett in his retirement and hopes to see his health  
improve as a result thereof.  
 
The Board also announced that Michael P. Amsden has been elected  
President to succeed Mr. McDoulett until a permanent replacement  
is recruited.  Mr. Amsden is a retired senior mining executive  
from Falconbridge with over 30 years mining experience.  He has  
bee a director of the Company since 1995.  
 

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FOR FURTHER INFORMATION PLEASE CONTACT: 
North American Palladium Ltd. 
C.D. McDoulett, Jr. 
President and CEO 
(807) 345-4479 
 

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