Paladin Energy Limited: Manyingee Sale of Tenement Agreement Executed

PERTH, WESTERN AUSTRALIA--(Marketwired - November 14, 2016) - Paladin Energy Ltd (Paladin or the Company) (ASX: PDN) (TSX: PDN) is pleased to advise that MGT Resources group of companies have signed a sale of tenement agreement with Paladin group of companies in relation to a joint venture over the Manyingee Mining Leases (M08/86, M08/87 M08/88) (Manyingee Uranium Project) in North Western Australia.

The transaction is conditional on all relevant approvals (including MGT shareholder approval) and is subject to MGT financing.

Yours faithfully,
Paladin Energy Ltd

ALEXANDER MOLYNEUX
CEO

ACN 061 681 098