PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 20, 2012) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) announced that the Company has been notified today that the Government of Singapore Investment Corporation Pte Ltd had become a substantial shareholder under the Australian Corporations Act advising it had reached a shareholding of 42,305,573 shares representing 5.05548% of the Company's 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
john.borshoff@paladinenergy.com.au

Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)
greg.taylor@paladinenergy.com.au