Cadiscor Receives Court Approval to Hold its Special Shareholder Meeting

Cadiscor Resources Inc. ("Cadiscor") (TSX VENTURE:CAO)(FRANKFURT:DQN) is pleased
to announce that the Superior Court of Quebec has approved Cadiscor's petition
to hold its Special Meeting on May 22, 2009 to consider a plan of arrangement
between Cadiscor Resources Inc. ("Cadiscor") and North American Palladium Ltd
("NAP").  Accordingly, the Management Information Circular will be mailed today
to all Cadiscor shareholders registered as of April 20, 2009, the record date
and will be available on our Website: www.cadiscor.com.


The Cadiscor Board approved the arrangement to exchange 0.33 common share of NAP
for each issued and outstanding common share of Cadiscor. This transaction gives
Cadiscor shareholders an attractive 47% premium for their shares, as of the day
of the announcement and significant upside to future increases in the price of
palladium and gold. The Board unanimously recommends that Cadiscor shareholders
approve the arrangement by voting in favour of the arrangement at the Special
Meeting on May 22, 2009.


NAP is a precious metals company that owns one of North America's largest
palladium mines, historically producing approximately 4% of global palladium
supply. The mine located in Thunder Bay has a large resource of over 3.7 million
ounces of palladium.  NAP has mining personnel with significant experience in
developing and operating underground mines, and a highly liquid stock, all of
which would benefit Cadiscor shareholders. NAP also has a strong balance sheet.


On March 31, 2009, NAP advanced $7.5 million to Cadiscor as part of the
agreement, in the form of two, 18-month Notes.  Since securing this financing,
Cadiscor has been hiring personnel at the Sleeping Giant Mine, and has begun
development at the Mine to restart gold production, planned for the fourth
quarter of 2009.


Forward-Looking Statements

This press release contains forward-looking statements subject to certain risks
and uncertainties. There can be no assurance that these statements will prove to
be correct, and actual results and future events could differ materially from
those implied by such statements. These risks and uncertainties are discussed in
the annual report filed with the securities commissions of Alberta, British
Columbia, Ontario and Quebec.

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