Paladin Energy Ltd Added to MSCI

* Reuters is not responsible for the content in this press release.

Mon May 18, 2009 6:29am EDT 

  PERTH, WESTERN AUSTRALIA, May 18 (MARKET WIRE) -- 
Paladin Energy Ltd ("Paladin" or "the Company") (TSX: PDN) (ASX: PDN) is
pleased to advise that, effective June 1, 2009, Paladin Energy Ltd will
be added to the prestigious MSCI Global Standard Indices for Australia.
This has resulted from their May 2009 Index Review.

    MSCI is a leading global benchmark provider of equity (international and
US), fixed income and hedge fund indices. MSCI provides global equity
indices, which, over the last 30+ years, have become the most widely used
international equity benchmarks by institutional investors.

Contacts:
Paladin Energy Ltd
John Borshoff
Managing Director/CEO
+61-8-9381-4366
Email: john.borshoff@paladinenergy.com.au

Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
(905) 337-7673 or Mob: (416) 605-5120 (Toronto)
Email: greg.taylor@paladinenergy.com.au

Copyright 2009, Market Wire, All rights reserved.

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