PERTH, WESTERN AUSTRALIA — (Marketwired) — 10/15/13 — Paladin Energy Ltd (TSX: PDN)(ASX: PDN) („Paladin“) notes that, as highlighted in the recent Quarterly Activities Report released October 10, 2013, Paladin-s mines are operating at record levels. Production costs continue to trend lower with plans implemented to reduce costs further. Cost reductions have been implemented across the organisation that will reduce the draw on existing cash balances and extend the deadline for further cash. Further, Paladin stands by its comment made in the quarterly that the Company has reasonable confidence in an outcome to alleviate shareholder concerns regarding debt and expects to provide more detail in relation to this transaction in November.
In response to the media articles, Paladin wishes to highlight the following:
Paladin reiterates its comments made in the quarterly report regarding the renewed interest in the sale of a minority position in the Langer Heinrich Mine.
ACN 061 681 098
Contacts: Paladin Energy Ltd John Borshoff Managing Director/CEO +61-8-9381-4366 or Mobile: +61-419-912-571
Paladin Energy Ltd Greg Taylor Investor Relations Contact +1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)
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