North American Palladium Announces Tentative Collective Agreement Reached With United Steelworkers Workers Local 9422

Press Release

TORONTO, Nov. 16, 2018 — North American Palladium Ltd. (“NAP” or the “Company”) (TSX:PDL) (OTC PINK:PALDF) today announced that it has reached a tentative agreement on a new three year contract with the United Steelworkers Workers Local 9422 (“USW”), representing production and maintenance employees at the Company’s Lac des Iles mine site. The agreement is subject to ratification by employees to be completed no later than November 21, 2018. Negotiations were facilitated with the assistance of a Ministry of Labour appointed mediator.

The previous 3-year collective agreement expired on May 31, 2018.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The forward-looking statements are not guarantees of future performance. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.

About North American Palladium

North American Palladium Ltd. (TSX: PDL) (OTC PINK: PALDF) is a Canadian company with over 25 years of production at Lac des Iles mine, located northwest of Thunder Bay, Ontario. North American Palladium is the only pure play palladium producer in the world. With over 600 employees, Lac des Iles mine features a unique world class ore body, modern infrastructure, including both an underground mine and an open pit mine, and a world class exploration portfolio.

For further information:
North American Palladium Ltd.
Investor Relations
Telephone: 416-360-7374
Email: IR@nap.com

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