Paladin Energy Ltd Second Quarter/Half Year Conference Call & Investor Update 17 February 2011 Paladin UpdateDate: 17 February 2011Time: 07:00 Perth PLEASE CHECK THE WORLD CLOCK TO CONFIRM THE DATE AND START TIME FOR YOUR LOCAL TIME ZONE. Toronto: 16

PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 02/01/11 -- Paladin Energy Ltd (TSX: PDN)(ASX: PDN) ('Paladin' or the 'Company') announces that the Company will hold a telephone conference in conjunction with an Online Slide Show at 07:00 Perth and 07:00 Hong Kong on 17 February 2011 and 18:00 Toronto and 23:00 London on 16 February 2011, to give an update on the Company's activities.

The Online Slide Show will be accessible from the link at - www.paladinenergy.com.au.

Questions will be taken at the briefing's conclusion by way of conference call - Dial in numbers for the conference call are as follows:

Australia                     1800 148 258
Belgium                       0800 715 72
Canada                        1866 837 4489
China North                   1080 0611 0127
China South                   1080 0361 0079
France                        0800 908 221
Germany                       0800 181 4827
Hong Kong                     800 965 808
India                         0008 00100 7048
Indonesia                     0018 0306 12145
Ireland                       1800 720 011
Italy                         800 788 772
Japan                         0044 2206 2118
Johannesburg                   61 2 8524 6650
Malawi                         61 2 8524 6650
Malaysia                      1800 180 708
Namibia                        61 2 8524 6650
Netherlands                   0800 0229 451
New Zealand                   0800 667 018
Norway                        800 10112
Philippines                   1800 1612 0005
Singapore                     800 616 2170
South Korea                   0079 8612 1097
Sweden                        0207 99376
Switzerland                   0800 561 529
Taiwan                        0080 1232 398
Thailand                      0018 0061 21124
United Kingdom                0800 056 9662
United States of America      1866 586 2813
International                  61 2 8524 6650

CONFERENCE ID: 39662043 (This must be quoted)

You are encouraged to dial in approximately 5-10 minutes prior to the commencement of the briefing.

ARCHIVE - Audio/Slides Webcast

The briefing will be available approximately 2-4 hours after the live event on the same link as the live online slide show.

ACN 061 681 098

Contacts:

In Australia: Paladin Energy Ltd

John Borshoff

Managing Director/CEO

61 8 9381 4366 or Mobile: 61 419 912 571
john.borshoff@paladinenergy.com.au


In Canada: Paladin Energy Ltd

Greg Taylor

Investor Relations Contact

905 337-7673 or Mobile: 416 605-5120 (Toronto)
greg.taylor@paladinenergy.com.au
www.paladinenergy.com.au