----

| For the fiscal year ended December 31, 2010 | Commission File Number:  1-15142 |
|---------------------------------------------|--------------------------------------------|

| Canada(Province or other Jurisdiction ofIncorporation or Organization) | 1000(Primary Standard IndustrialClassification Code Number) | Not Applicable(I.R.S. Employer Identification No.) |
|------------------------------------------------------------------------|-------------------------------------------------------------|----------------------------------------------------|

----

| Title of Each Class |         | Name of Each Exchange on Which Registered |
|------------------------------------|--------------|-------------------------------------------------------------------------|
| Common Shares, No Par Value        |    | NYSE Amex                                                               |

----

----

| A. | Disclosure Controls and Procedures |
|----|------------------------------------|

| B. | Management's Annual Report on Internal Control Over Financial Reporting |
|----|-------------------------------------------------------------------------|

----

| C. | Attestation Report of the Registered Public Accounting Firm |
|----|-------------------------------------------------------------|

| D. | Changes in Internal Control Over Financial Reporting |
|----|------------------------------------------------------|

| E. | Notice of Pension Fund Blackout Period |
|----|----------------------------------------|

| F. | Audit Committee Financial Expert |
|----|----------------------------------|

| G. | Code of Ethics |
|----|----------------|

----

| H. | Principal Accountant Fees and Services |
|----|----------------------------------------|

| I. | Off-Balance Sheet Arrangements |
|----|--------------------------------|

----

| J. | Tabular Disclosure of Contractual Obligations |
|----|-----------------------------------------------|

| K. | Identification of the Audit Committee |
|----|---------------------------------------|

| L. | Critical Accounting Policies |
|----|------------------------------|

| M. | NYSE Amex Corporate Governance Exemptions |
|----|-------------------------------------------|

| N. | Interactive Data File |
|----|-----------------------|

----

| A. | Undertaking |
|----|-------------|

| B. | Consent to Service of Process |
|----|-------------------------------|

| Number |   | Document                                                                                                                                                                                                                                                                                                                                                    |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 1.1    |   | Annual Information Form for the year ended December 31, 2010                                                                                                                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 1.2    |   | Management’s Discussion and Analysis of the Financial Condition and Results of Operations for the year ended December 31, 2010                                                                                                                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 1.3    |   | Audited Consolidated Financial Statements for the year ended December 31, 2010, prepared in accordance with Canadian generally accepted accounting principles                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 1.4    |   | Supplementary Schedule of “Reconciliation to Accounting Principles Generally Accepted in the United States” in accordance with Item 18 of Form 20-F                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 1.5    |   | Report of Independent Registered Public Accounting Firm on the Registrant's internal control over financial reporting as of December 31, 2010                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 1.6    |   | Report of Independent Registered Public Accounting Firm on the consolidated balance sheets of the Registrant as at December 31, 2010 and December 31, 2009, and the consolidated statements of operations, comprehensive loss and deficit, cash flows and shareholders’ equity for each of the years in the three-year period ended December 31, 2010 |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.1   |   | Consent of KPMG LLP                                                                                                                                                                                                                                                                                                                                         |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.2   |   | Consent of Roscoe Postle Associates Inc.                                                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.3   |   | Consent of Fred H. Brown                                                                                                                                                                                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.4   |   | Consent of Laila Sedore (Potvin)                                                                                                                                                                                                                                                                                                                            |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.5   |   | Consent of Des Cullen                                                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.6   |   | Consent of P&E Mining Consultants Inc.                                                                                                                                                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.7   |   | Consent of Michel F. Bouchard                                                                                                                                                                                                                                                                                                                               |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.8   |   | Consent of Tyson C. Birkett                                                                                                                                                                                                                                                                                                                                 |
|   |   |                                                                                                                                                                                                                                                                                                                                                        |
| 23.9   |   | Consent of Vincent Jourdain                                                                                                                                                                                                                                                                                                                                 |

----

| 23.10  |         | Consent of InnovExplo Inc.                                                                 |
|--------|--------------|--------------------------------------------------------------------------------------------|
|   |         |                                                                                       |
| 23.11  |         | Consent of David Penna                                                                     |
|   |         |                                                                                       |
| 31.1   |         | Certification of the CEO and CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|   |         |                                                                                       |
| 32.1   |    | Certification of the CEO and CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

----

|                  |   | NORTH AMERICAN PALLADIUM LTD.                                             |
|-----------------------|--------|---------------------------------------------------------------------------|
|                  |   |                                                                      |
| Dated: March 31, 2011 | By:    | /s/ William J. Biggar                                                     |
|                  |   | Name:   William J. Biggar                                  |
|                  |   | Title:     President and Chief Executive Officer |

----

| Number |         | Document                                                                                                                                                                                                                                                                                                                                                    |
|--------|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 1.1    |         | Annual Information Form for the year ended December 31, 2010                                                                                                                                                                                                                                                                                                |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 1.2    |         | Management’s Discussion and Analysis of the Financial Condition and Results of Operations for the year ended December 31, 2010                                                                                                                                                                                                                        |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 1.3    |         | Audited Consolidated Financial Statements for the year ended December 31, 2010, prepared in accordance with Canadian generally accepted accounting principles                                                                                                                                                                                               |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 1.4    |         | Supplementary Schedule of “Reconciliation to Accounting Principles Generally Accepted in the United States” in accordance with Item 18 of Form 20-F                                                                                                                                                                                             |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 1.5    |         | Report of Independent Registered Public Accounting Firm on the Registrant's internal control over financial reporting as of December 31, 2010                                                                                                                                                                                                               |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 1.6    |         | Report of Independent Registered Public Accounting Firm on the consolidated balance sheets of the Registrant as at December 31, 2010 and December 31, 2009, and the consolidated statements of operations, comprehensive loss and deficit, cash flows and shareholders’ equity for each of the years in the three-year period ended December 31, 2010 |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.1   |         | Consent of KPMG LLP                                                                                                                                                                                                                                                                                                                                         |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.2   |         | Consent of Roscoe Postle Associates Inc.                                                                                                                                                                                                                                                                                                                    |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.3   |         | Consent of Fred H. Brown                                                                                                                                                                                                                                                                                                                                    |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.4   |         | Consent of Laila Sedore (Potvin)                                                                                                                                                                                                                                                                                                                            |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.5   |         | Consent of Des Cullen                                                                                                                                                                                                                                                                                                                                       |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.6   |         | Consent of P&E Mining Consultants Inc.                                                                                                                                                                                                                                                                                                                  |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.7   |         | Consent of Michel F. Bouchard                                                                                                                                                                                                                                                                                                                               |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.8   |         | Consent of Tyson C. Birkett                                                                                                                                                                                                                                                                                                                                 |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.9   |         | Consent of Vincent Jourdain                                                                                                                                                                                                                                                                                                                                 |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.10  |         | Consent of InnovExplo Inc.                                                                                                                                                                                                                                                                                                                                  |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 23.11  |         | Consent of David Penna                                                                                                                                                                                                                                                                                                                                      |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 31.1   |         | Certification of the CEO and CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                  |
|   |         |                                                                                                                                                                                                                                                                                                                                                        |
| 32.1   |    | Certification of the CEO and CFO pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                                  |

----