Paladin Energy Ltd
TSX : PDN
ASX : PDN

Paladin Energy Ltd

December 23, 2008 09:05 ET

Paladin Energy Ltd Completes Sending Formal Takeover Offers Regarding Fusion Resources Limited

PERTH, WESTERN AUSTRALIA--(Marketwire - Dec. 23, 2008) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin") reports that, by way of service pursuant to item 8 of subsection 633(1) of the Corporations Act 2001 (Cth) (Australia), a notice stating that Paladin Energy Ltd has today completed sending its offers to offerees in relation to its off-market takeover bid for all of the ordinary shares of Fusion Resources Limited.

A copy of the Bidder's Statement (which contains the offer), together with all additional information sent to the Relevant Offerees as require by subsection 633(1c) of the Act (inserted into the Act by ASIC Class order 01/1543) and subsection 633(6) of the Act, will be available shortly on the Company's website (Http://www.paladinenergy.com.au) and on Sedar (Http://www.sedar.com) shortly.

ACN 061 681 098

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