Paladin Resources Ltd.

Paladin Resources Ltd.

August 23, 2005 17:00 ET

Issue Of Equity Trading Warrants Over Shares In Paladin Resources Ltd

PERTH, WESTERN AUSTRALIA--(CCNMatthews - Aug. 23, 2005) - Paladin Resources Ltd ("Paladin") (TSX:PDN)(ASX:PDN) has been advised that Macquarie Bank Limited has issued equity trading warrants over shares in Paladin Resources Ltd. Warrants are commonly offered over companies in the S&P/ASX 200 and reflect a high degree of investor interest in trading those securities.

The ASX code for the warrants is PDNWMA and they have an expiry date of 22 December 2005.

Further information in relation to these warrants can be found on the ASX website at

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