Paladin Resources Ltd.
TSX : PDN
ASX : PDN

Paladin Resources Ltd.

November 14, 2007 07:51 ET

Paladin Resources Ltd.: Kayelekera Litigation Settled With All Plaintiffs

PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 14, 2007) - Paladin Resources Ltd. ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) is pleased to announce that all six Malawian Civil Society Organisations ("CSO's") that commenced legal proceedings against Paladin Africa Ltd and the Government of Malawi have now settled their action on a positive and amicable basis, with the terms of settlement being as described in the November 8, 2007 announcement.

Each Party to the settlement has released each other from all actions and claims associated with the litigation and each Party has agreed to not recommence litigation.

The court proceedings will be formally withdrawn within the next 7 days.

The Paladin Board considers that this settlement represents a win for the Nation of Malawi and its people and now the country can look forward to the establishment of a modern mining industry which will provide jobs and national wealth generation, whilst operating to international best practice.

A.C.N. 061 681 098

Contact Information