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Press release from Marketwire

Paladin Energy Ltd: Speculation in Australian Financial Review

Thursday, April 19, 2012

Paladin Energy Ltd: Speculation in Australian Financial Review20:03 EDT Thursday, April 19, 2012PERTH, WESTERN AUSTRALIA--(Marketwire - April 19, 2012) -Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) (Paladin or the Company) advises that no decision has been made to undertake a convertible bond issue as speculated in the Australian Financial Review article published today.ACN 061 681 098FOR FURTHER INFORMATION PLEASE CONTACT: John BorshoffIn Australia: Paladin Energy LtdManaging Director/CEO+61 8 9381 4366 or Mobile: +61 419 912 571+61 (8) 9381 4978 (FAX)john.borshoff@paladinenergy.com.auwww.paladinenergy.com.au