Paladin Resources Ltd.

Paladin Resources Ltd.

July 17, 2007 06:55 ET

Paladin Denies "Takeover Target" Rumour

PERTH, WESTERN AUSTRALIA--(Marketwire - July 17, 2007) - Paladin Resources Ltd. ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) is aware of an article on page 16 of the Financial Review, an Australian publication, inferring that Paladin may be a takeover target by Cameco. The Company can emphatically state that Cameco has not approached Paladin in this regard and further that we are unaware of such activity.

A.C.N. 061 681 098

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