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Paladin Resources (PLR)

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Friday 10 November, 2000

Paladin Resources

Directors' interests

Paladin Resources PLC
10 November 2000

                        Paladin Resources plc
                    ('Paladin' or 'the Company')

                   Directors' Interests in Shares

Following shareholder approval of the resolution to adopt a new  Long
Term  Incentive  Plan ('LTIP') at the EGM of the Company  held  on  1
November  2000, and a meeting of the Remuneration Committee  held  on
the  same  date, the following awards of ordinary shares of 10  pence
each  have  been  granted to executive directors of  the  Company  in
addition to awards made to certain other employees under the LTIP:

     Name of Director              No. of Shares

     R A Franklin                  460,000
     C J McDowell                  290,000
     P Davison                     290,000

The extent to which awards vest under normal conditions at the end of
a  three-year performance period is dependent on the Company's  total
shareholder  return,  measured  against  that  of  a  group  of  nine
comparator  companies  selected by the Remuneration  Committee.   The
vesting schedule is as follows:

     Position versus               Vesting
Comparator Group Companies

      1st                          100%
      2nd                          80%
      3rd                          60%
      4th                          40%
      5th                          20%
      Lower than 5th               Nil

The following options over ordinary shares of 10 pence each have also
been  granted to executive directors of the Company, in  addition  to
options granted to other employees, under the Paladin Resources  1998
Unapproved Share Option Scheme:

Name of Director                   No. of options

R A Franklin                       305,000
C J McDowell                       190,000
P Davison                          190,000

The  exercise  price for all of the options is 34.5p, and  they  will
become  exercisable after three years following  the  date  of  grant
provided  that the total shareholder return of the Company  increases
by  a  percentage  amount  that  is equal  to  or  greater  than  the
percentage change in the Retail Prices Index plus 3%.


Paladin Resources plc                   Tel: 020 7534 2900
Roy Franklin, Chief Executive

College Hill                            Tel: 020 7457 2020
James Henderson
Archie Berens