Paladin Labs Inc.
TSX : PLB

Paladin Labs Inc.

May 18, 2011 10:00 ET

Notice of Paladin Labs' First Quarter 2011 Results Conference Call

MONTREAL, CANADA--(Marketwire - May 18, 2011) - Paladin Labs Inc. (TSX:PLB), a leading Canadian specialty pharmaceutical company, will release its first quarter 2011 financial results on Wednesday, May 25, 2011 following the market closing. Following the release, Paladin will hold a conference call at 4:30 p.m. (EST) hosted by Jonathan Ross Goodman, President and CEO of Paladin Labs. Paladin cordially invites all interested parties to participate in this call.

CONFERENCE CALL DETAILS:

DATE:Wednesday, May 25, 2011
TIME:4:30 p.m. EST
DIAL IN NUMBER:1-800-676-1841 OR 416-359-3129
TAPED REPLAY: 1-800-558-5253 OR 416-626-4100
Code: 21523384
Available from Wednesday, May 25, 2011 at 6:30 p.m. until Friday, June 24, 2011 at midnight.

The call will also be audio-cast live and archived for 30 days at www.paladinlabs.com.

About Paladin Labs Inc.

Paladin Labs Inc., headquartered in Montreal, Canada, is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian and world markets. With this strategy, a focused national sales team and proven marketing expertise, Paladin has evolved into one of Canada's leading specialty pharmaceutical companies. Paladin's shares trade on the Toronto Stock Exchange under the symbol PLB. For more information about Paladin, please visit the Company's web site at www.paladinlabs.com.

This press release may contain forward-looking statements and predictions. These forward-looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The Company considers the assumptions on which these forward-looking statements are based to be reasonable at the time they were prepared, but cautions that these assumptions regarding the future events, many of which are beyond the control of the Company and its subsidiaries, may ultimately prove to be incorrect. Factors and risks, which could cause actual results to differ materially from current expectations, are discussed in the annual report as well as in the Company's Annual Information Form for the year ended December 31, 2010. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information or future events and except as required by law. For additional information on risks and uncertainties relating to these forward-looking statements, investors should consult the Company's ongoing quarterly fillings, annual report and Annual Information Form and other fillings found on SEDAR at www.sedar.com.

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