Paladin Energy Ltd-Judgement on Legal Action-Mount Isa Uranium Joint Venture

PERTH, AUSTRALIA--(Marketwire - April 12, 2012) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") notes that, in relation to the outstanding legal action between Mt Isa Uranium Pty Ltd (MIU), Summit Resources (Aust) Pty Ltd and Resolute Pty Ltd (Resolute), we refer to the announcement made today by Summit Resources Limited, a copy of which is available here: http://media3.marketwire.com/docs/paladin_judgement_april12.pdf.

The court has made orders which will enable the proceedings that SRA brought against Resolute and MIU to be dismissed in 21 days.

ACN 061 681 098