Paladin Energy Ltd.-Langer Heinrich to Be Unaffected by Reported Changes to Namibian Minerals Policy

PERTH, WESTERN AUSTRALIA--(Marketwire - April 28, 2011) -Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") notes recent market commentary regarding statements made in Namibia concerning the involvement of the state owned mining company Epangelo Mining (Pty) Ltd on specific strategic minerals including uranium.

Paladin wishes to advise that, following discussions with the Government of Namibia, it is our understanding that the equity position and operations of Langer Heinrich will remain unaffected.

The Company will advise the market if and when additional information comes to hand.

ACN 061 681 098