North American Palladium Ltd. provided an update on the remaining drill results from its 2011 exploration program at the company's Lac des Iles palladium mine in Northern Ontario. These results are the third and final tranche of drill results from the 2011 program. Highlights: Infill drill results in the Offset Zone returned excellent grades, with good width and continuity, including 78 metres at 7.39 grams per tonne Palladium and 33 metres at 8.71 g/t Pd; Good indication of a southern extension to the Offset Zone in an area previously reported as the Southern Norite Zone, including 39 metres at 4.02 g/t Pd and 15 metres at 5.13 g/t Pd; Mineralization discovered 300 metres to the west of the Offset, Cowboy and Outlaw zones, including 10 metres of 3.05 g/t Pd, giving support to the interpretation that some mineralized zones manifest as a series of parallel stacked lenses; Confirmed north and south lateral extensions of upper Roby Zone, including 18 metres at 12.82 g/t Pd; and Bonanza grade surface mineralization encountered from trenches along the North VT Rim 500 metres northeast of the LDI open pit, including approximately 1 metre samples at 64.4 g/t Pd and 45.8 g/t Pd. The objectives of NAP's 2011 exploration program were to expand the Offset Zone, improve knowledge of the Offset Zone mineralization through infill drilling, and identify potential surface targets. In 2011, 261 holes totaling 84,686 metres were drilled on the LDI property. Underground drilling accounted for 41,343 metres (205 holes), of which approximately 13,290 metres (66 holes) were to support mine operations. Drilling from surface accounted for the remaining 43,343 metres (56 holes). Infill drilling on the Offset Zone continued throughout 2011 to define the upper and middle portions of the ore body on a 15-metre drill pattern in preparation for production. The holes were drilled on a fan pattern from the Offset Zone ramp and the vast majority intersected the Offset Zone, returning good widths and grades, the majority which are higher than the current resource estimate. Although the Cowboy Zone was not specifically targeted, it was frequently intersected during the drill campaign. The 800-series holes of the infill drilling targeted the middle portion of the Offset Zone, which continued to intersect high grade intervals. The 700-series of holes targeted the southern portion of the Offset Zone, at the outer portion of the current resource model. Results continue to show high grades and good continuity as well as high grade footwall mineralization that may be associated with the Cowboy or Outlaw zones. Significant mineralization was encountered in the Cowboy Zone, including 11 metres at 7.22 g/t Pd (Hole 11-710) and 24 metres at 5.5 g/t Pd (Hole 11-717). The 900-series of holes targeted an area to the west of the Offset Zone from an underground platform. These results discovered more footwall mineralization to the west of the mineralized Outlaw Zone. This is the company's first attempt to drill beyond the Cowboy and Outlaw zones, which were discovered to the west of the Offset Zone in 2009. Additional work will be required to understand how the 300 metres of previously unknown mineralized gabbros relates to the three currently identified zones. The results do, however, give support to the interpretation that mineralization adjacent to the Offset Zone consists of a series of parallel stacked lenses. The Roby Zone drill campaign was designed to confirm north and south extensions of the mineralization in the upper part of the mine.