PERTH, 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 061 681 098

FOR FURTHER INFORMATION PLEASE CONTACT:

Paladin Energy Ltd
In Australia:
John Borshoff
Managing Director/CEO
+61 8 9381 4366 or Mobile: +61 419 912 571
john.borshoff@paladinenergy.com.au

OR

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