PDN Paladin Energy Ltd

Paladin Energy Ltd (TSX:PDN) (ASX:PDN) ("Paladin" or the "Company") notes that
Newmont Mining Corporation announced on March 11 that it has sold its 5.4%
shareholding in Paladin through a book-build process. The sale has been
underwritten by an investment bank at a fixed price of $0.525 per share and
Paladin has been informed the sale was made to a broad range of institutional
investors.


From Newmont's announcement: "The sale of Paladin will generate over $24 million
in cash and reflects Newmont's ongoing strategy to divest non-core assets, some
of which are included in the Company's marketable securities portfolio," said
Randy Engel, Executive Vice President of Strategic Development. "Newmont will
continue to evaluate its holdings and may, from time to time, divest other
equity positions and assets under favorable conditions and terms," Engel added.


Newmont acquired the shareholding through its acquisition of Fronteer Gold in
2011, which had previously sold the Aurora uranium assets to Paladin. Paladin
understands the sale is consistent with Newmont's strategy of divesting non-core
assets to align its investment interests with its global gold production
business.


Paladin Managing Director/CEO John Borshoff stated: "We are pleased with the
result of the successful sale by Newmont and the additional stability it brings
to the Paladin shareholder register. We are happy to welcome a number of new,
high quality Australian and international investors to Paladin as a result of
the transaction."


ACN 061 681 098 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Paladin Energy Ltd
John Borshoff
Managing Director/CEO
+61-8-9381-4366 or Mobile: +61-419-912-571
john.borshoff@paladinenergy.com.au


Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)
greg.taylor@paladinenergy.com.au

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