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Press release from Marketwire

Paladin Energy: Sale of Shares

Monday, November 12, 2012

Paladin Energy: Sale of Shares07:54 EST Monday, November 12, 2012PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 12, 2012) -Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) today notes the sale of 6 million shares in the Company by the Managing Director/CEO, John Borshoff. The purpose of this sale is to release funds as part of the management of his personal financial affairs and Board approval was given for the transaction.John remains confident in the outlook for the uranium sector and committed to delivering on Paladin's long term strategy. He continues to hold approximately 16 million shares.ACN 061 681 098FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Paladin Energy LtdJohn BorshoffManaging Director/CEO+61-8-9381-4366 or Mobile: Energy LtdGreg TaylorInvestor Relations Contact+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)