July 30, 2008
Paladin Exercises Options in Deep Yellow Limited
Paladin Energy Ltd ("Paladin" or "the Company") (TSX: PDN)(ASX: PDN) advises that the Company has today exercised 12.5 million unlisted options in Deep Yellow Limited (ASX: DYL) bringing its total holding to 171,558,461 fully paid shares representing 15.3% of the issued capital of DYL.
A.C.N. 061 681 098
Contacts: Paladin Energy Ltd John Borshoff Managing Director +61-8-9381-4366 or Mobile: +61-419-912-571 Paladin Energy Ltd Greg Taylor Investor Relations Contact (905) 337-7673 or Mobile (416) 605-5120 (Toronto) Email: firstname.lastname@example.org Website: www.paladinenergy.com.auSOURCE: Paladin Energy Ltd