PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 15, 2011) - Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") notes that, following the release of the 31 December 2010 Half Year Financial Statements, we advise that due to an error on page 22 in relation to the outstanding share information at 14 February 2011, the corrected table is now set out below.


As at 14 February 2011 Paladin had 777,678,217 fully paid ordinary shares issued and outstanding. The following table sets out the fully paid ordinary outstanding shares and those issuable under the Company Executive Share Option Plan, the Company Employee and Contractor Performance Share Rights Plans and in relation to the Convertible Bonds:

As at 14 February 2011 Number
Outstanding shares 777,678,217
Issuable under Executive Share Option Plan 11,865,794
Issuable under Employee Performance Share Rights Plan 7,334,917
Issuable in relation to the US$325 million Convertible Bonds 49,317,147
Issuable in relation to the US$300 million Convertible Bonds 52,956,752
Total 899,152,827

ACN 061 681 098

Contact Information: In Australia:
Paladin Energy Ltd
John Borshoff, Managing Director/CEO
+61 8 9381 4366 or Mobile: +61 419 912 571
In Canada:
Paladin Energy Ltd
Greg Taylor, Investor Relations Contact
+905 337-7673 or Mobile: 416 605-5120 (Toronto)