Paladin Exercises Options in Deep Yellow Limited

Paladin Exercises Options in Deep Yellow Limited

Paladin Energy Ltd (“Paladin” or “the Company”) (Toronto:PDN.TO)(ASX:PDN.AX) advises that the Company has today exercised 12.5 million unlisted options in Deep Yellow Limited (ASX:DYL.AX) bringing its total holding to 171,558,461 fully paid shares representing 15.3% of the issued capital of DYL.

Contacts: Paladin Energy Ltd John Borshoff Managing Director

+61-8-9381-4366 or Mobile: +61-419-912-571

Paladin Energy Ltd Greg Taylor Investor Relations Contact (905) 337-7673 or Mobile (416) 605-5120 (Toronto) Email: greg.taylor@paladinenergy.com.au

Website: http://www.paladinenergy.com.au

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