Paladin Energy Limited: Sale of Deep Yellow Shareholding

| Source: Paladin Energy Ltd Paladin Energy Ltd

PERTH, WESTERN AUSTRALIA--(Marketwired - December 14, 2016) - Paladin Energy Ltd (Paladin or the Company) (ASX: PDN) (TSX: PDN) wishes to advise it has sold its entire shareholding in Deep Yellow Limited. The sale price of A$0.01 per share will translate to a receipt of approximately A$2.6M.

Yours faithfully,

Paladin Energy Ltd

ALEXANDER MOLYNEUX, CEO

Contact Information:

For additional information, please contact:
Andrew Mirco
Investor Relations Contact (Perth)
Tel: +61-8-9423-8162 or Mobile: +61-409-087-171
Email: andrew.mirco@paladinenergy.com.au