Paladin Energy: Final Tranche of US$150M Received 

Paladin Energy: Final Tranche of US150M Received

Long Term Off-Take Contract With A US200M Prepayment

PERTH, WESTERN AUSTRALIA, Jan 31, 2013 (Menafn - Marketwire via COMTEX) --Paladin Energy Ltd ("Paladin" or "the Company") (asx:PDN) notes that, on 15 August 2012, the Company advised the successful negotiation of a milestone long term off-take uranium sales contract with Electricite de France S.A. (EDF) the largest nuclear utility in the world. Importantly this sales contract requiring product deliveries from 2019 to 2024 included a US200M prepayment component to be paid in tranches before 31 January 2013. The first tranche of US50M was paid in September 2012.

Paladin is pleased to announce that, in accordance with the payment schedule agreed with EdF, the final tranche of US150M has been received.

As advised previously, these funds will be used to repay the balance of the March 2012 convertible bonds (US134M) with the remainder retained for balance sheet strength as working capital.

ACN 061 681 098

FOR FURTHER INFORMATION PLEASE CONTACT: Paladin Energy LtdJohn BorshoffManaging Director/CEO61-8-9381-4366 or Mobile: 61-419-912-571john.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

SOURCE: Paladin Energy Ltd

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