North American Palladium Ltd. provided an update on underground exploration at its Lac des Iles Mine ("LDI"), located 90 km north of Thunder Bay, Ontario. Highlights: Additional drilling results for the newly-discovered C Zone suggest that a large area of palladium mineralization is present in the immediate footwall to the Offset Zone. Results include: 19.4m with 4.18 g/t Pd (hole 18-514), 25.0m with 3.06 g/t Pd (hole 19-511), 74.9 m with 2.93 g/t Pd, including 19.2m with 6.38 g/t Pd and 5.0m with 9.00 g/t Pd (hole 19-520). A new exploration drift is partially complete and will be put into service next month with an initial focus on the Camp Lake exploration target. The C Zone has become a major focus for underground exploration because of the encouraging drilling results, the modeled size of the target area and its location relative to existing infrastructure. The C Zone's close proximity to the existing Offset Zone mining areas means that it would be a low capital cost development opportunity if new resources are defined within it.