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PALADIN ENERGY LTD
ACN 061 681 098
16 December 2015
ASX Market Announcements Australian Securities Exchange 20 Bridge Street
SYDNEY NSW 2000 By Electronic Lodgement
Dear Sir/Madam
RESPONSE TO THE DAILY TIMES (MALAWI) ARTICLE OF 15 DECEMBER 2015
Paladin Energy Limited (Paladin) (ASX:PDN / TSX:PDN) wishes to respond to an article which appeared in The Daily Times (Malawi) on 15 December 2015 under the title 'Paladin sells off Kayelekera Mine'. The article incorrectly asserts Paladin has sold all or part of its 85% interest in Kayelekera Mine to China National Nuclear Corporation. Paladin wishes to point out that there has been no change in its ownership of the Kayelekera Mine in Malawi.
Kayelekera Mine was placed into care and maintenance in May 2014 due to low global uranium prices. A restart of Kayelekera Mine under favourable uranium market conditions would have the potential to quickly expand Paladin's overall production by in excess of 40%.
Yours faithfully Paladin Energy Ltd
ALEXANDER MOLYNEUX
Interim CEO
Level 4, 502 Hay Street, Subiaco, Western Australia 6008 Postal: PO Box 201, Subiaco, Western Australia 6904
Tel: +61 (8) 9381 4366 Fax: +61 (8) 9381 4978 Email:[email protected] Website: www.paladinenergy.com.au