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PERTH, WESTERN AUSTRALIA--(Marketwire - June 9, 2010) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) welcomes the decision of Uranium One Inc to dispose of its interest in Paladin. This was announced in its news release dated June 8, 2010 in which Uranium One stated that it has "recently sold substantially all of its previously acquired shares of Paladin".
Importantly, Paladin is now the only fully independent, publically listed pure play uranium producer in the world. With its clear strategy and proven ability for growth Paladin remains ideally positioned to enhance its position as a major player in the global uranium supply sector.
ACN 061 681 098