Paladin Resources Ltd.
TSX : PDN
ASX : PDN

Paladin Resources Ltd.

June 08, 2007 12:27 ET

Paladin Resources-Work Continues at Kayelekera Uranium Project, Malawi

PERTH, WESTERN AUSTRALIA--(Marketwire - June 8, 2007) - Paladin Resources Ltd. (TSX:PDN)(ASX:PDN) -

Paladin Resources Ltd. confirmed today that work continues at its Kayelekera Uranium Project in Malawi and that press reports to the effect that an injunction has been obtained which has halted work on the project are inaccurate.

As announced by Paladin on May 28, its subsidiary, Paladin (Africa) Limited ("PAL") and the Government of Malawi have been named defendants in two actions commenced by a group of Non-Government Organisations("NGO's") in Malawi. A hearing in respect of these actions is scheduled for June 19, 2007.

As further announced by Paladin on June 7, the Ministry of Mines and Energy in Malawi has released a statement indicating its support for the Kayelekera Uranium Project and strongly refuting claims made by the NGO's.

Paladin remains confident that it has proceeded in the proper manner with regard to developing the Kayelekera Uranium Project and is encouraged by the positive stance the Government of Malawi has taken on this important matter.

Caution Regarding Forward Looking Statements: Statements regarding the Company's plans to develop the Kayelekera Project are forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ from those expressed or implied by such statements. There can be no guarantee such statements will be realised. In particular, there can be no assurance that Paladin will be able to successfully build, develop and operate a uranium mine or that it will be able to raise the funds necessary to complete such tasks. Furthermore, there can be no assurance that if completed, any mine will be profitably operated.

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