Paladin Resources Ltd.

Paladin Resources Ltd.

May 31, 2006 08:30 ET

Paladin added to MSCI World Standard Index Series

PERTH, WESTERN AUSTRALIA--(CCNMatthews - May 31, 2006) - Paladin Resources Ltd. ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) announces that, effective 1 June 2006, the Company will be added to the prestigious Morgan Stanley Capital International Inc (MSCI) World Standard Index Series for Australia in the Energy Industry Group sector. This has resulted from their May 2006 Annual Final Country Index Review where MSCI has worldwide added 227 securities to their Standard Index Series.
MSCI is a leading global benchmark provider of equity (international and US), fixed income and hedge fund indices. MSCI provides global equity indices, which, over the last 30+ years, have become the most widely used international equity benchmarks by institutional investors.

Paladin Resources Ltd is an Australian uranium exploration and development company listed on the Australian Stock Exchange ("PDN") and the Toronto Stock Exchange ("PDN"). Paladin is involved in the mineral resource sector with projects both in Australia and Africa. With the Langer Heinrich Uranium Project in Namibia currently under construction, the Kayelekera Project in Malawi undergoing a Bankable Feasibility Study, Paladin is well placed to become a major supplier of primary uranium to world markets.

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