PERTH, 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

Contact Information:

In Australia:
Paladin Energy Ltd
John Borshoff
Managing Director/CEO
+61 8 9381 4366 / Mobile: +61 419 912 571
john.borshoff@paladinenergy.com.au

In Canada:
Paladin Energy Ltd
Greg Taylor, Investor Relations Contact
905 337-7673 / Mobile: 416 605-5120 (Toronto)
greg.taylor@paladinenergy.com.au
www.paladinenergy.com.au