Source: Paladin Energy Ltd

Paladin Energy: Correction of Media Reporting by Australian Financial Review

PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 25, 2011) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) notes that, in today's Australian Financial Review, an article on page 53 headed "Investors put more bosses on notice" incorrectly stated that Paladin received a 39% protest vote by shareholders against its remuneration report.

As announced following the meeting yesterday, voting in relation to the remuneration report was 81.63% in favour and 18.29% against. Proxies represented 45.9% of the issued capital.

ACN 061 681 098

Contact Information:

Paladin Energy Ltd
John Borshoff
Managing Director/CEO
+61-8-9381-4366 or Mobile: +61-419-912-571

Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
+905 337-7673 or Mobile: +416-605-5120 (Toronto)