1. Where are NAP’s shares listed?

• TSX under the symbol PDL
• NYSE Amex under the symbol PAL

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2. How many shares are outstanding?

• 162.4 million

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3. Where are your mines and projects?

• Lac des Iles palladium mine is in Ontario (north of Thunder Bay), Canada
• Our Sleeping Giant gold mine and projects are in Quebec (Abitibi region near Val d’Or), Canada 

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4. How much did you produce in 2010?

• 95,057 ounces of palladium
• 17,695 ounces of gold

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5. What’s your production guidance for 2011?

• 145,000 – 155,000 ounces of palladium
• 15,000 – 20,000 ounces of gold

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6. What are your cash costs?

• We expect our cash costs to be in the range of US$450 per ounce for palladium (net of byproduct credits) at Lac des Iles mine; and
• To break even at Sleeping Giant while the mine continues to ramp up.

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