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Press release from Marketwire

Paladin Energy Ltd-Judgement on Legal Action-Mount Isa Uranium Joint Venture

Thursday, April 12, 2012

Paladin Energy Ltd-Judgement on Legal Action-Mount Isa Uranium Joint Venture08:33 EDT Thursday, April 12, 2012PERTH, AUSTRALIA--(Marketwire - April 12, 2012) -Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") notes that, in relation to the outstanding legal action between Mt Isa Uranium Pty Ltd (MIU), Summit Resources (Aust) Pty Ltd and Resolute Pty Ltd (Resolute), we refer to the announcement made today by Summit Resources Limited, a copy of which is available here: http://media3.marketwire.com/docs/paladin_judgement_april12.pdf.The court has made orders which will enable the proceedings that SRA brought against Resolute and MIU to be dismissed in 21 days.ACN 061 681 098FOR FURTHER INFORMATION PLEASE CONTACT: Paladin Energy LtdIn Australia:John BorshoffManaging Director/CEO+61 8 9381 4366 or Mobile: +61 419 912 571john.borshoff@paladinenergy.com.auORPaladin Energy LtdIn Canada:Greg TaylorInvestor Relations Contact+905 337-7673 or Mobile: +416 605-5120 (Toronto)greg.taylor@paladinenergy.com.au