THUNDER BAY – Business – North American Palladium Ltd. has announced that Mr. Robert Quinn has been appointed to the position of Chairman, effective March 4, 2013. Mr. André Douchane, NAP’s Chairman for the last 7 years, will continue to perform Chief Executive Officer (“CEO”) responsibilities until a new CEO is named, and will therefore relinquish his role as Chairman to allow NAP to be governed by an independent Chairman.

North American Palladium announces new Chairman

Mr. Quinn, who has been acting as Lead Independent Director, has been a member of the Company’s Board of Directors since June 2006 and has over 30 years of experience in the mining industry. Mr. Quinn, who holds degrees in both international business and law, is a founding partner of the Houston mining transactional law firm Quinn & Brooks LLP, with previous experience as Vice President and General Counsel for Battle Mountain Gold Company. He has extensive public company board experience with a specialty in corporate governance, M&A transactions, public disclosure, governmental affairs, environmental law and land management.

Mr. Douchane, who was appointed to the Company’s Board of Directors in 2003, will continue to provide the benefit of his considerable industry experience and substantial historical knowledge of the Company as a Director of the Board and as CEO of the Company for the duration of the Board’s search for a permanent CEO candidate. The Board would like to express its appreciation to Mr. Douchane for his valuable contribution to NAP as Chairman and looks forward to his continued guidance in the years ahead.

The Board of Directors remains active in its search to find a new CEO for the Company and a formal search process is underway through a leading Canadian executive recruiting organization.

The Company will update shareholders when the successful candidate is named.