PERTH, WESTERN AUSTRALIA--(Marketwired - June 30, 2014) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") is pleased to advise that China Uranium Corporation Limited (a subsidiary of China National Nuclear Corporation - CNNC) has today notified the Company that it has received all required regulatory approvals and has satisfied the conditions precedent for the completion of the US$190M purchase of the 25% joint venture interest in the Langer Heinrich Mine in Namibia.

Settlement will take place on July 23, 2014 and a high level CNNC delegation will be in attendance in Perth for the signing/settlement ceremony. The company nominated by China Uranium Corporation Limited as the party to the transaction is CNNC Overseas Uranium Holding Limited.

ACN 061 681 098

Paladin Energy Ltd
John Borshoff
Managing Director/CEO
Tel: +61-8-9381-4366
Mobile: +61-419-912-571
john.borshoff@paladinenergy.com.au

Paladin Energy Ltd
Greg Taylor
Investor Relations
Tel: +1 905 337-7673
Mobile: +1 416-605-5120 (Toronto)
greg.taylor@paladinenergy.com.au