Paladin Energy Ltd: Settlement-Lift Capital Partners Pty Ltd

Fri Oct 9, 9:12 AM

PERTH, WESTERN AUSTRALIA --(Marketwire - Oct. 9, 2009) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX: PDN.TO)(ASX: PDN.AX) refers to note 24 to the Paladin Energy Ltd Annual Report 2008. Mr Rick Crabb and Ms Gillian Swaby have reached a confidential settlement with Lift Capital Partners Pty Ltd, Lift Capital Pty Ltd (collectively, Lift) and a creditor of Lift.

A.C.N. 061 681 098

Contacts

John Borshoff
Paladin Energy Ltd
Managing Director/CEO
+61-8-9381-4366
john.borshoff@paladinenergy.com.au

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