C Comba

Mr. Comba, has over 40 years of experience as an exploration advocate and senior mining executive. As Chief Exploration Geologist of Falconbridge Limited in Sudbury, Ontario, he led the team that discovered the highgrade footwall component of the Thayer Lindsley mine. Mr. Comba was Vice-President, Exploration of Falconbridge Gold Corporation prior to its takeover by Kinross Gold Corporation. Following the takeover, he became President and Chief Executive Officer of a Kinross-controlled junior exploration company listed on the TSX. Mr. Comba was Director of Issues Management with the Prospectors and Developers Association of Canada from 1998 to 2005, during which time he led the successful lobby effort for the re-introduction of enhanced or super flow-through shares. Mr. Comba has Bachelor's and Masters' degrees in geology from Queen's University in Kingston, Ontario.

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North American Palladium Ltd. is domiciled in Canada and was incorporated on September 12, 1991 under the Canadian Business Corporations Act. It produces precious metals The Company's principal properties are the Lac des Iles property (including the Lac des Iles mine and mill complex) The Company also owns the Vezza gold mine and Sleeping Giant mill located north of Val D'or, Quebec. The Company's other Québec-based properties consist of Discovery, Flordin, Cameron Shear, Florence, Laflamme, Dormex and Harricana. The Company has two wholly-owned subsidiaries: Lac des Iles Mines Ltd. ('LDI') and NAP Quebec Mines Ltd. ('NAP Quebec'). LDI is the sole owner of Lac des Iles property. NAP Quebec owns various other gold properties located in Quebec, including the Sleeping Giant mine and mill, the Flordin property, the Discovery project, and the Dormex property. Palladium is typically produced as a by-product metal from platinum mines. Palladium is categorized as a precious metal, along with gold, silver and platinum. Palladium is used in the manufacture of catalytic converters in the automotive industry, the manufacture of jewelry and electronics and in dental and chemical applications. As a precious metal, there is also investment demand for palladium in dore bar format by exchange traded funds and institutional investors. The Company owns and operates the Lac des Iles mine located 85 kilometers northwest of Thunder Bay, Ontario, Canada. The primary deposits on the LDI Property are the Roby Zone and the Offset Zone; both disseminated magmatic nickel-copper-PGM deposits. The mining industry is intensely competitive. The Company might be at a competitive disadvantage in acquiring additional mining properties because it must compete with other individuals and companies, many of which have greater financial resources, operational experience and technical capabilities than the Company. The Company's operations are subject to environmental legislation.

Mr. Comba, has over 40 years of experience as an exploration advocate and senior mining executive. As Chief Exploration Geologist of Falconbridge Limited in Sudbury, Ontario, he led the team that discovered the highgrade footwall component of the Thayer Lindsley mine. Mr. Comba was Vice-President, Exploration of Falconbridge Gold Corporation prior to its takeover by Kinross Gold Corporation. Following the takeover, he became President and Chief Executive Officer of a Kinross-controlled junior exploration company listed on the TSX. Mr. Comba was Director of Issues Management with the Prospectors and Developers Association of Canada from 1998 to 2005, during which time he led the successful lobby effort for the re-introduction of enhanced or super flow-through shares. Mr. Comba has Bachelor's and Masters' degrees in geology from Queen's University in Kingston, Ontario.