Paladin Resources Ltd.
TSX : PDN
ASX : PDN

Paladin Resources Ltd.

July 06, 2005 07:53 ET

Paladin Resources Ltd.: Change of Auditors

PERTH, WESTERN AUSTRALIA--(CCNMatthews - July 6, 2005) - Paladin Resources Ltd ("Paladin") (TSX:PDN)(ASX:PDN) wishes to advise that the Company has changed auditors from RSM Bird Cameron Partners to Ernst & Young.

The Australian Securities & Investment Commission granted approval to the change due to the inability of the Canadian member firm of RSM International to provide the professional services required by the Paladin Group. This arises due to the Company's listing on the Toronto Sock Exchange and the requirement to prepare a Canadian GAAP reconciliation.

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