North American Palladium Ltd. announced new results from the Sunday Lake exploration project located 25 km northeast of Thunder Bay, Ontario and 60 km south of the Lac des Iles Mill. The Project is focused on an extensive zone of platinum-group metal and copper-nickel sulfide mineralization hosted within the lower portions of the Sunday Lake mafic-ultramafic intrusion. Hole SL-19-026, targeting the strongest conductivity anomaly in the western part of the intrusion, returned the highest-grade multi-metre intersection found to date. The main intersection is 41.2 metres with 3.22 g/t Pt, 2.08 g/t Pd and 0.21g/t Au (5.51 g/t 3E), 0.57% Cu and 0.19% Ni. Included in this interval is a 15.8 metre section containing 9.11 g/t 3E with 0.88% Cu and 0.24% Ni that, in turn, contains a 8.30 metre sub-interval grading 13.06 g/t 3E, 1.23% Cu and 0.32% Ni. Hole SL-19-29, a 275 metre step-out from hole SL-19-26, intersected 32.0 metres with 3.35 g/t 3E, including 8.17 metres of 5.44 g/t 3E and 0.51% Cu. Hole SL-19-25, one of three follow-up holes to mineralization discovered last year in the central part of the intrusion, intersected 14.80 metres with 2.33 g/t 3E and 0.29% Cu. Included in this interval are two separate higher-grade sub- intervals: 2.30 metres with 4.11 g/t 3E and 0.48% Cu, and 1.60 metres with 5.18 g/t 3E and 0.70% Cu. Hole SL-19-30, also drilled in the central part of the intrusion, intersected 20.61 metres with 1.87 g/t 3E, including a higher-grade sub-interval of 5.50 metres with 3.67 g/t 3E and 0.83% Cu. Based on new and prior drilling results, the PGM and base metal sulfide mineralization located along the base of the Sunday Lake intrusion is modelled as a near-continuous blanket with a north-south extent of approximately 1.5 km and an east-west extent of 900 metres. The mineralization shows thickening and grade improvement along three or more structures inferred. The Company entered into a Definitive Option Agreement in June 2017 with Impala Platinum Holdings Ltd. and Transition Metals Corp. through a wholly-owned subsidiary. The Option Agreement gives the Company the exclusive right to earn Impala's 75% interest in the Sunday Lake property, with Transition maintaining a 25% free carried interest through to the completion of a Feasibility Study. The SLI is part of the Proterozoic Mid-continent Rift magmatic event that also produced the Eagle nickel deposit in Michigan and the Tamarack and Duluth Complex magmatic sulfide deposits in Minnesota. The SLI is an elliptical body having lateral dimensions of ~1 km2 that is entirely encased in older basement rocks. Depths to the top of the SLI vary from ~200 metres in the north to ~600 metres in the south. The thickness of the SLI ranges from <200 metres on the margins to >800 metres in the centre. Drilling completed on the Project prior to the Company's involvement had delineated a laterally extensive zone of disseminated magmatic sulfide mineralization along the base of the SLI within the eastern part of the intrusion.