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Press release from Marketwire

Paladin Energy Ltd-Correction to Share Information-Half Year Accounts

Tuesday, February 15, 2011

Paladin Energy Ltd-Correction to Share Information-Half Year Accounts06:57 EST Tuesday, February 15, 2011PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 15, 2011) - Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") notes that, following the release of the 31 December 2010 Half Year Financial Statements, we advise that due to an error on page 22 in relation to the outstanding share information at 14 February 2011, the corrected table is now set out below.OUTSTANDING SHARE INFORMATIONAs at 14 February 2011 Paladin had 777,678,217 fully paid ordinary shares issued and outstanding. The following table sets out the fully paid ordinary outstanding shares and those issuable under the Company Executive Share Option Plan, the Company Employee and Contractor Performance Share Rights Plans and in relation to the Convertible Bonds:As at 14 February 2011NumberOutstanding shares 777,678,217 Issuable under Executive Share Option Plan 11,865,794 Issuable under Employee Performance Share Rights Plan 7,334,917 Issuable in relation to the US$325 million Convertible Bonds 49,317,147 Issuable in relation to the US$300 million Convertible Bonds 52,956,752 Total899,152,827ACN 061 681 098FOR FURTHER INFORMATION PLEASE CONTACT: Paladin Energy LtdIn Australia:John Borshoff, Managing Director/CEO+61 8 9381 4366 or Mobile: +61 419 912 571john.borshoff@paladinenergy.com.auORPaladin Energy LtdIn Canada:Greg Taylor, Investor Relations Contact+905 337-7673 or Mobile: 416 605-5120 (Toronto)greg.taylor@paladinenergy.com.auwww.paladinenergy.com.au