PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 15, 2011) - Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") notes that, following the release of the 31 December 2010 Half Year Financial Statements, we advise that due to an error on page 22 in relation to the outstanding share information at 14 February 2011, the corrected table is now set out below.
OUTSTANDING SHARE INFORMATION
As at 14 February 2011 Paladin had 777,678,217 fully paid ordinary shares issued and outstanding. The following table sets out the fully paid ordinary outstanding shares and those issuable under the Company Executive Share Option Plan, the Company Employee and Contractor Performance Share Rights Plans and in relation to the Convertible Bonds:
| As at 14 February 2011 | Number |
| Outstanding shares | 777,678,217 |
| Issuable under Executive Share Option Plan | 11,865,794 |
| Issuable under Employee Performance Share Rights Plan | 7,334,917 |
| Issuable in relation to the US$325 million Convertible Bonds | 49,317,147 |
| Issuable in relation to the US$300 million Convertible Bonds | 52,956,752 |
| Total | 899,152,827 |
ACN 061 681 098
Contact Information: In Australia:
Paladin Energy Ltd
John Borshoff, Managing Director/CEO
+61 8 9381 4366 or Mobile: +61 419 912 571
john.borshoff@paladinenergy.com.au
or
In Canada:
Paladin Energy Ltd
Greg Taylor, Investor Relations Contact
+905 337-7673 or Mobile: 416 605-5120 (Toronto)
greg.taylor@paladinenergy.com.au
www.paladinenergy.com.au