Paladin Resources Ltd.
TSX : PDN
ASX : PDN

Paladin Resources Ltd.

July 15, 2005 06:41 ET

Paladin Resources Ltd.: Allotment of Shares on Exercise of Options and Issue of Employee Options

PERTH, WESTERN AUSTRALIA--(CCNMatthews - July 15, 2005) - Paladin Resources Ltd. ("Paladin") (TSX:PDN)(ASX:PDN) wishes to advise that the Company has allotted 150,000 fully paid shares resulting from the exercise of 150,000 unlisted options exercisable at 22 cents.

Further, the Company has today allotted 250,000 unlisted options pursuant to the Employee Share Option Plan. All options are exercisable at $1.50 and will expire on 15 July 2008.

The Employee Share Option Plan is designed to offer incentive and future reward to the Company's dedicated and highly skilled workforce.

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