Paladin Energy Ltd: Sale of Minority Interest in Langer Heinrich

Marketwired

PERTH, WESTERN AUSTRALIA--(Marketwired - Jun 30, 2014) - Paladin Energy Ltd (PDN.TO)(PDN.AX) ("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

Contact:
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

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