GOLD RESOURCES: Latest numbers for Vezza project and Sleeping Giant mine

QUEBEC - Toronto-based North American Palladium has released new reserve and resources numbers for its Vezza gold project and Sleeping Giant gold mine, and both have increased.

The measured and indicated resource at Vezza increased by 12% to 321,000 contained oz. In terms of tonnage the M&I resource is 1.7 million tonnes averaging 5.8 g/t Au. Inferred resources total 102,000 oz of gold, or 633,000 tonnes averaging 5.0 g/t Au. Dewatering at Vezza is complete and permitting for bulk sampling is well underway.

NAP said drilling last year at the Sleeping Giant gold mine increased the contained ounces in the measured and indicated category giving a higher level of confidence in the mineral resource. Proven and probable reserves at the end of 2010 were 191,000 tonnes grading 8.4 g/t Au. Measured and indicated resources were 604,900 tonnes at 6.5 g/t, and the inferred resource was 146,000 tonnes at 8.2 g/t Au.

Tables of resource figures for both projects are available in the news release of April 27, 2010, posted at www.NAP.com.