Paladin Energy Ltd: Appointment of New CFO

Paladin Energy Ltd: Appointment of New CFO 
PERTH, WESTERN AUSTRALIA -- (Marketwired) -- 05/01/14 --   Paladin
Energy Ltd (TSX: PDN)(ASX: PDN) ("Paladin" or the "Company") is
pleased to announce the appointment of Mr Craig Barnes as Chief
Financial Officer, effective July 1, 2014, replacing the current CFO,
Mr Alan Rule who is departing the Company on amicable terms. Alan
will leave the business on June 30, 2014 after the completion of the
transaction on Langer Heinrich with CNNC, having accepted the role of
CFO for Sundance Resources Limited, which is developing a world class
iron ore project in Africa. 
Alan has been with Paladin since July 2012 during a period of
operational consolidation and substantial growth where the Langer
Heinrich and Kayelekera mining operations both achieved sustainable
production and unit cost reduction.  
Said John Borshoff, Paladin's Managing Director and CEO, "We wish
Alan all the best in his new venture and on behalf of myself,
management and the Board, sincerely thank him for his contribution
and dedication." 
Craig joins Paladin as a member of the Institute of Chartered
Accountants of Australia and South Africa with more than 15 years of
experience in a career comprising both financial services and
resource industry experience, with the last seven years as CFO. 
Craig worked in audit and financial administration for the first
seven years of his career, before moving into mining in 2004 as Group
Financial Accountant and then in 2006 as the CFO of DRDGold Limited
and affiliated subsidiary companies. Craig played a key role in the
rationalization of this group and transforming it into a successful
enterprise involving Johannesburg, Australian, UK and USA listings. 
Mr Borshoff added, "Craig brings a broad range of finance skills,
experience in international financing of mining projects and
well-credentialed commercial experience in the mining sector to
Paladin that we believe will add value as the Company continues to
grow its global uranium business and establish itself as a major
uranium producer. We welcome him to our executive management team." 
Craig will commence with handover duties in early May so he will be
conversant with the organisation and Paladin's operations by the time
he assumes the CFO role with Paladin on July 1, 2014. 
ACN 061 681 098 
John Borshoff
Managing Director/CEO
Mobile: +61-419-912-571 
Greg Taylor
Investor Relations Contact
+1 905 337-7673
Mobile: +1 416-605-5120 (Toronto)
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