Trading Symbol TSX - PDL AMEX - PAL TORONTO, Feb. 22 /PRNewswire-FirstCall/ -- North American Palladium Ltd. announced today that there will be a one week delay for the release of its fourth quarter and year-end 2005 financial statements, which will now occur on Thursday, March 2, 2006. The conference call will follow on Friday, March 3, 2006 at 1 P.M. EST. Local dial-in: 416.644.3422 Toll-free: 1.866.249.1964 Replay (available until March 8, 2006) Passcode: 21173882 followed by the number sign Local dial-in: 416.640.1917 Toll-free: 1.877.289.8525 Webcast: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID(equal sign)1356520 ------------------------------------------------------------------------- North American Palladium's Lac des Iles Mine is Canada's only primary producer of platinum group metals and is one of the largest open pit bulk mineable palladium reserves in the world. The Company also earns substantial revenue from by-product nickel, platinum, gold and copper. In addition to operating Lac des Iles, the Company's mandate is to expand its production profile through an aggressive exploration campaign, designed to increase its exposure to base and precious metals. Palladium use in the auto industry continues to be an important component in controlling exhaust emissions as mandated by more stringent hydrocarbon emissions standards for cars, particularly in the United States, Europe and Japan. Palladium is also used in the dental, electronics, jewellery and chemical sectors. Forward-Looking Statements - Certain statements included in this news release are forward-looking statements which are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used herein, words such as "expect" and other similar expressions are intended to identify forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond our control that may cause actual results or performance to differ materially from those currently anticipated in such statements. See the Company's most recent Annual Information Form and Annual Report on Form 40-F on file with securities regulators for a comprehensive review of risk factors. The Company disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forward-looking statements. DATASOURCE: North American Palladium Ltd. CONTACT: James D. Excell - President & CEO, Tel: (416) 360-2656, email: ; Krista M. Muhr, Manager, Investor Relations, Tel: (416) 360-2652, email:

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