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Press release from Marketwire

Paladin Energy Ltd.-Langer Heinrich to Be Unaffected by Reported Changes to Namibian Minerals Policy

Thursday, April 28, 2011

Paladin Energy Ltd.-Langer Heinrich to Be Unaffected by Reported Changes to Namibian Minerals Policy12:35 EDT Thursday, April 28, 2011PERTH, WESTERN AUSTRALIA--(Marketwire - April 28, 2011) -Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") notes recent market commentary regarding statements made in Namibia concerning the involvement of the state owned mining company Epangelo Mining (Pty) Ltd on specific strategic minerals including uranium.Paladin wishes to advise that, following discussions with the Government of Namibia, it is our understanding that the equity position and operations of Langer Heinrich will remain unaffected.The Company will advise the market if and when additional information comes to hand.ACN 061 681 098FOR FURTHER INFORMATION PLEASE CONTACT: John BorshoffIn Australia: Paladin Energy Ltd.Managing Director/CEO+61 8 9381 4366 or Mobile: +61 419 912 571john.borshoff@paladinenergy.com.auORGreg TaylorIn Canada: Paladin Energy Ltd.Investor Relations Contact+905 337-7673 or Mobile: 416 605-5120 (Toronto)greg.taylor@paladinenergy.com.au