| TO: | Alberta Securities Commission |
| | Autorité des marchés financiers |
| | British Columbia Securities Commission |
| | Manitoba Securities Commission |
| | New Brunswick Securities Commission |
| | Nova Scotia Securities Commission |
| | Ontario Securities Commission |
| | Superintendent of Securities, Prince Edward Island |
| | Saskatchewan Financial Services Commission |
| | Superintendent of Securities, Newfoundland and Labrador |
Toronto Stock Exchange
In accordance with section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, we hereby advise of the results of voting on the matters submitted to the annual and special meeting (the “Meeting”) of the shareholders (the “Shareholders”) of North American Palladium Ltd. (the “Corporation”) held on May 20, 2010. At the Meeting, Shareholders were asked to consider certain matters.
The matters voted upon at the Meeting and the results of the voting were as follows:
Item 1: Election of Directors
By a vote by way of show of hands, the number of directors elected at the meeting was seven and the following directors were elected to hold office for the ensuing year or until their successors are elected or appointed:
Steven R. Berlin
William J. Biggar
C. David A. Comba
André J. Douchane
Robert J. Quinn
Greg J. Van Staveren
William J. Weymark
Item 2: Appointment of Auditors
By a vote by way of show of hands, KPMG LLP were appointed auditors of the Corporation to hold office until the close of the next annual meeting of the Shareholders or until their successors are appointed, and the directors of the Corporation were authorized to fix the remuneration of the auditors.
Item 3: Amendments to the Articles of Incorporation
By a vote by way of show of hands, the amendments to the articles of incorporation of the Corporation as described in the Corporation’s 2010 Management Proxy Circular to provide for the cancellation of the (“Special Shares”) and removal of all references to these shares in the articles were approved.
Item 4: Amendments to the RRSP Plan
By a vote by way of show of hands, the Shareholders approved and ratified the adoption of the Corporation’s Amended and Restated RRSP Plan as described in the Corporation’s 2010 Management Proxy Circular.
Item 5: Amendments to the Stock Option Plan
By a vote by way of show of hands, the Shareholders approved and ratified the adoption of the Corporation’s Amended and Restated Stock Option Plan as described in the Corporation’s 2010 Management Proxy Circular.
| | NORTH AMERICAN PALLADIUM LTD. |
| | |
| | “Trent C. A. Mell” (signed) |
| | |
| | Trent C. A. Mell |
| | Vice President, Corporate Development, |
| | General Counsel & Corporate Secretary |
