PERTH, WESTERN AUSTRALIA--(Marketwired - Aug. 26, 2014) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") refers to the Company's market announcement dated November 19, 2013 concerning John Borshoff's continuation as Managing Director/Chief Executive Officer until December 31, 2014. As noted then, the Company and Mr Borshoff could agree to renew the contract for a further period of one or two years.

The Company is pleased to announce that it has today agreed with Mr Borshoff to extend the term of his employment until 31 December 2016 otherwise on the same terms and conditions as his current contract.

ACN 061 681 098

Contact Information:

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

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