Paladin Energy: Malawi NGO's Call Off Kayelekera Protest

Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) is pleased to
advise that the demonstration proposed this week near the Company's Kayelekera
Mine ("KM") in Malawi which has been widely reported has been cancelled by the
organisers.


Paladin reported on 01 November 2012 that two local non-government
organisations, "Karonga Youth for Justice and Development" (KYJD) and "Karonga
Business Community," had announced their intention to hold a demonstration near
Kayelekera during 14-17 November over allegations made by the Chairman of
"Karonga Business Community", Mr Wavisanga Silungwe, that Paladin had failed to
honour its Social Development commitments to the community. Mr Silungwe
repeatedly has made various unsubstantiated allegations against the Company,
which Paladin has refuted.


The KYJD has informed Paladin that, following a meeting of community groups in
Karonga held on Sunday, 11 November 2012, the decision was taken to cancel this
week's proposed demonstration. 


In a written statement, KYJD said that following meetings with the Principal
Secretary for the Ministry of Energy and Mining, and meetings with senior
representatives of Paladin, the KYJD have understood that they were misinformed
and that the claims were not a true reflection of what Paladin had agreed to
carry out for the people of Karonga. 


The KYJD have undertaken as soon as possible to disseminate information to the
community through newspapers, radio and other means available in order to make
people aware that the intended demonstrations will not be conducted.


Other community groups have also informed Paladin that they will not participate
in protest action against the Company. 


Paladin's Managing Director/CEO, Mr John Borshoff, said that Paladin had met
with representatives of Karonga community groups and provided information in
relation to the various claims by Mr Silungwe. He said that, while the Company
did not think the planned protest would have had any material effect on KM
operations, Paladin was nevertheless very pleased at the response by community
groups in calling off the demonstration when they realised that they had been
misinformed and misled. "It is unfortunate this this should have occurred in the
first place, but local organisations involved have reacted graciously and
responsibly and I thank them for that," Mr Borshoff said. Paladin has been
informed that Mr Silungwe has been banned from speaking on behalf of other
Karonga organisations in the future.


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
Alan Rule
Chief Financial Officer
+61-8-9381-4366 or Mobile: +61-438-942-144
alan.rule@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


Paladin Energy Ltd
Matthew Keane
Investor Relations Contact
+61-8-9381-4366 or Mobile: +61-407-682-974
matthew.keane@paladinenergy.com.au
www.paladinenergy.com.au

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