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Press release from Marketwire

Paladin Energy Ltd.-Long Term Off-Take With US$200M Prepayment Supporting Security Documents Completed

Friday, September 07, 2012

Paladin Energy Ltd.-Long Term Off-Take With US$200M Prepayment Supporting Security Documents Completed08:00 EDT Friday, September 07, 2012PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 7, 2012) - Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) (Paladin or the Company) is pleased to announce that the finalisation and registration of the security documentation supporting the previously announced US$200M prepayment (see Paladin released dated 15 August 2012) has now been completed.The prepayment will be made in tranches to be completed by no later than 31 January 2013.ACN 061 681 098 FOR FURTHER INFORMATION PLEASE CONTACT: Paladin Energy LtdIn Australia:John BorshoffManaging Director/CEO+61 8 9381 4366 / Mobile: +61 419 912 571john.borshoff@paladinenergy.com.auORPaladin Energy LtdIn Canada:Greg Taylor, Investor Relations Contact905 337-7673 / Mobile: 416 605-5120 (Toronto)greg.taylor@paladinenergy.com.auwww.paladinenergy.com.au