Paladin Energy: Kayelekera Mine, Malawi-Workplace Fatality

PERTH, WESTERN AUSTRALIA--(Marketwired - Jul 31, 2013) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) announces with considerable regret that the Company has suffered a workplace fatality at its Kayelekera Mine in northern Malawi. A Malawi national employee, Mr. Khwima Phiri, who was employed in the mine's engineering workshop, died yesterday morning (30 July) after being struck in the chest by a light vehicle wheel he was inflating at the time. Relevant authorities were notified and the Malawian Police and the Company have investigated the incident, with the findings and outcomes pending.

The Company has expressed its condolences to Mr. Phiri's next-of-kin. Prior to this tragic accident, Kayelekera Mine had operated for 489 days without a Lost Time Injury.

ACN 061 681 098