PDN Paladin Energy Ltd

Paladin Energy Ltd: Sale of 25% of Langer Heinrich- NDRC Condition Satisfied

PERTH, WESTERN AUSTRALIA--(Marketwired - Jun 6, 2014) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") is pleased to advise that, in respect of the agreement to sell a 25% interest in the Langer Heinrich Mine as announced on 20 January 2014, CNNC has notified Paladin that the condition precedent in relation to the National Development Reform Commission has been satisfied. The sale remains conditional upon approval by other Chinese Government authorities.

ACN 061 681 098

Paladin Energy LtdJohn BorshoffManaging Director/CEO+61-8-9381-4366 or Mobile: +61-419-912-571john.borshoff@paladinenergy.com.auPaladin Energy LtdGreg TaylorInvestor Relations Contact+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)greg.taylor@paladinenergy.com.au