Paladin Resources Ltd.

Paladin Resources Ltd.

March 30, 2007 08:22 ET

Paladin Resources Ltd.: Increase in Investment in Deep Yellow Limited

PERTH, WESTERN AUSTRALIA--(CCNMatthews - March 30, 2007) - Paladin Resources Ltd ("Paladin" or "the Company")(TSX:PDN)(ASX:PDN) advises that the Company's shareholding in Deep Yellow Limited is now 10.64 % represented by 106,126,163 shares in that company. This follows an off market purchase of 10,000,000 shares at AUS$ 0.40 per share.

Deep Yellow Limited is a dedicated uranium exploration company listed on ASX (code: DYL) operating in Australia and Namibia. Paladin sees a significant advantage in maintaining a strategic holding in this company.

A.C.N. 061 681 098

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