TORONTO, ONTARIO–(Marketwired – May 29, 2017) – North American Palladium Ltd. (“NAP” or the “Company”) (TSX:PDL)(OTC PINK:PALDF) is pleased to announce an update to the Mineral Reserves and Mineral Resources estimates for its Lac des Iles Mine Property (“the Property”) in northwestern Ontario. The new estimates reflect the outcomes of a comprehensive review of all mineralized zones on the Property and relate to a new Technical Report (Feasibility Study) that the Company plans to publish in June. The new mine plan features a return to full time mill operations, expansion of underground bulk mining on the Offset Zone and a resumption of open pit mining operations. These developments will reduce unit costs of production and, combined with strong current and forward looking metal prices, will allow the Company to extract a higher proportion of the known mineral inventory at lower mining cut-off grades.
