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Paladin Energy Ltd: Paladin Energy Ltd: Settlement-Lift Capital Partners Pty Ltd

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PERTH, WESTERN AUSTRALIA --(Marketwire - Oct. 9, 2009) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) 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.

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