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Press release from Marketwire

Paladin Energy: Correction of Media Reporting by Australian Financial Review

Friday, November 25, 2011

Paladin Energy: Correction of Media Reporting by Australian Financial Review06:30 EST Friday, November 25, 2011PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 25, 2011) -Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) notes that, in today's Australian Financial Review, an article on page 53 headed "Investors put more bosses on notice" incorrectly stated that Paladin received a 39% protest vote by shareholders against its remuneration report. As announced following the meeting yesterday, voting in relation to the remuneration report was 81.63% in favour and 18.29% against. Proxies represented 45.9% of the issued capital. ACN 061 681 098FOR FURTHER INFORMATION PLEASE CONTACT: John BorshoffPaladin Energy LtdManaging Director/CEO+61-8-9381-4366 or Mobile: +61-419-912-571john.borshoff@paladinenergy.com.auORGreg TaylorPaladin Energy LtdInvestor Relations Contact+905 337-7673 or Mobile: +416-605-5120 (Toronto)greg.taylor@paladinenergy.com.auwww.paladinenergy.com.au