• Measured and Indicated Mineral Resource increased by 25% to 84.1Mlb U3O8
  • Inferred Mineral Resources of 22.9Mlb U3O8
  • Drilling successful in upgrading Mineral Resource Estimate confidence
  • Open pit portion Measured and Indicated grades increased by 36%

Paladin Energy Ltd ("Paladin" or the "Company") is pleased to announce that a revised mineral resource estimate for the Michelin Deposit (the "2014 Mineral Resource Estimate"), effective 26 June 2014, conforming to both the JORC(2012) Code and National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ("NI 43-101") has now been completed.

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