Page 59 C a m p S e t U p L o g i s t i c a l S u p p o r t M a g S u r v e y s P r o s p e c t i n g L i n e C u t t i n g S o i l S a m p l i n g C a m p L o g i s t i c s Ph 8074754662 Email mikehavemanbrotherscom www havemanbrotherscom Mining Services engines It acts as a catalyst to con vert carbon monoxide to carbon di oxide and converts hydrocarbons and oxides of nitrogen into pure oxygen nitrogen and water Demand for pal ladium is expected to exceed supply over the next few years driven pri marily by the continued growth in au tomobile sales The stock value for North American Palladium on the TSX has increased 400 from the same point last year 725 to 1 125 in December 2018 It rose as high as 1335 In midDe cember the price stood at 1 125 per oz The price of Palladium in 2018 has risen as high as 1245 U S in 2018 and it kept close to the price of gold which hovered around the 1250 per oz level for most of 2018 North American Palladium is one of the few palladium producers in Can ada There are very few palladium produc ing regions worldwide and few known economically viable ore bodies The demand for palladium in the au tomotive industry has more than doubled in the last ten years The primary driver of growth in the automo tive sector is from the emer ging economies especially Asia where there is emer ging af fuence very low pen etration of vehicles per capita and where the afordability factor is high due to low interest rates and leasing pro grams In addition the recent recover y of the US auto sector has also strengthened demand for palladium North American Palladium also an nounced that it intends to complete a nonbrokered private placement fnancing of up to 535714 common shares that are fowthrough shares within the meaning of the Income T ax Act Canada at a price of 1400 per FlowThrough Share for aggre gate gross proceeds of approximately 5000000 W e are pleased to announce the fowthrough fnancing which is be ing ofered at a signifcant premium to the closing price of the Company s shares explained Gallagher W e remain committed to increasing the Company s growth potential through exploration of our extensive mineral claim holdings at the Lac des Iles mine All proceeds from the sale of the fowthrough shares will be used to incur eligible Canadian Exploration Expenses at the Company s Camp Lake East Mine Block and Sunday Lake properties located in Ontario Canada The Company completed a 10000000 dollar private placement of fow through shares that was re tired as of December 31 2018 and the funds will be used for exploration at the Camp Lake east mine and Sun day Lake properties in Ontario North America n Palladium Ltd is a Canadian company with over 25 years of production at Lac des Iles mine North American Palladium is the only pure play palladium producer in the world W ith over 500 employees Lac des Iles mine features a unique world class ore body and modern infrastruc ture which includes both an under ground mine and an open pit mine After nine months of 2018 fscal year net income was almost 42 million compared with 22 million for the frst threequarters last year The company is in a strong position to capitalize on the robust palladium market while continuing to add re sources through mine site and green felds exploration Gallagher said Palladium prices continue to show strong resilienc e during this period of fnancial market volatility supported by trade and sanction concerns Gal lagher added Contd from pg 58 Page 59 Lac des Iles mine capitalizes on str ong palladium market