PERTH, WESTERN AUSTRALIA--(Marketwired - Aug. 13, 2013) - Paladin Energy Ltd (TSX:PDN) (ASX:PDN) ("Paladin") advises it has today issued 125,578,171 fully paid ordinary shares to institutional and accredited investors, completing the placement announced August 2, 2013.

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
+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)
greg.taylor@paladinenergy.com.au
www.paladinenergy.com.au