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Press release from Marketwire

Paladin Energy: Purchase of Shares

Friday, November 16, 2012

Paladin Energy: Purchase of Shares08:33 EST Friday, November 16, 2012PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 16, 2012) -Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) today notes that Mr. Donald Shumka, Director, has purchased 100,000 additional shares of the Company on market at a total cost of $80,497. This brings his holdings to 200,000 shares.FOR 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)