Paladin Energy Ltd

Paladin Energy Ltd

September 18, 2008 07:02 ET

Paladin Energy Ltd: Acquisition of Shares in Deep Yellow Ltd

PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 18, 2008) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) advises that today it has acquired 44,700,000 shares in Deep Yellow Ltd (ASX:DYL) (Deep Yellow) taking its investment in this company from 15.3% to 19.29%.

Paladin recognises the extensive tenement position of Deep Yellow and Deep Yellow's strong uranium management and exploration team. The acquisition of the additional Deep Yellow shares is a strategic investment for Paladin.

Paladin looks forward to continuing to be a supportive shareholder of Deep Yellow. Information on Deep Yellow can be found at

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