PERTH, WESTERN AUSTRALIA--(Marketwired - March 16, 2015) - Paladin Energy Ltd (TSX: PDN) (ASX: PDN) ("Paladin" or the "Company") reports that, further to its announcement of March 2, 2015, the Company wishes to advise that the pre-leach thickener that was reported damaged has been repaired and normal production was re-established by Friday, March 13. Lost production due to this event was, as indicated, at around 100,000lb. Revised guidance for FY15 will be provided at the end of March once overall production for the quarter is known.

ACN 061 681 098

Contact Information:

For additional information, please contact:

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

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