About Impala Canada Limited

Impala Canada Limited was formed on December 13, 2019 when North American Palladium was acquired by Impala Platinum Holdings Limited (the Implats Group), an integrated global platinum group metal (PGM) producer.

Implats was attracted by the Company’s focus on palladium, its reliable growth potential, its highly engaged team and the revenue-generating potential of its Lac des Iles Mine.

Our Lac des Iles Mine, a palladium operation with more than 25 years of production in a low-risk jurisdiction northwest of Thunder Bay, Ontario, employs over 700 employees and features a unique, world-class ore body and modern infrastructure, including both an underground mine and surface operations. The mine is also noted for its advanced underground technologies and significant exploration portfolio.

It is ramping up production to become one of Canada’s largest, lowest-cost and safest underground mines, producing a metal that contributes to a cleaner global environment.

The Company continues to pursue other palladium production, development and exploration objectives in Canada to complement its inventory of high-quality PGM assets.

About Impala Platinum Holdings Limited

Implats is one of the world’s foremost producers of PGMs. It is structured around six main operations, including Impala, Zimplats, Marula, Mimosa, Two Rivers and Impala Canada and has its headquarters in Johannesburg, South Africa. Implats’ operations are located on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe, the two most significant PGM-bearing ore bodies in the world, as well as the Canadian Shield in North America. The company’s refineries operations are based in Springs, Ekurhuleni, South Africa.

For investors

Implats trades on the Johannesburg Stock Exchange (JSE: IMP) and on the Nasdaq (IMPUY) (IMPUF) (U.S.:OTC). For more about the acquisition or to obtain shareholder information, see the Company’s press release of December 13, 2019 or visit our Investor section.

Further information is also available in the Company’s management information circular dated November 1, 2019, which is available under Impala Canada’s profile on SEDAR at www.sedar.com.

Ideally positioned for growth

As global emissions standards become stricter, demand for palladium is hitting record highs and supply remains tight. Palladium is the primary catalyst in catalytic converters – it helps vehicles run cleaner. Impala Canada is well positioned to deliver for the market and its shareholders.

Our underground mine expansion project is on track to deliver 12,000 tonnes per day (tpd) by 2021 (from 6,200 tpd in 2018). Because we are seeking to further develop areas of the mine where significant development is already in place, this project can be completed in a relatively short period of time and at a low cost.

For further information, visit Implats.co.za or contact Impala Canada Investor Relations at ir@nap.com.