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Paladin Resources (PLR)

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Wednesday 04 April, 2001

Paladin Resources

Holding in Company

Paladin Resources PLC
4 April 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     PALADIN RESOURCES PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     PETRO-CANADA HOLDINGS

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     IN RESPECT OF SHAREHOLDER NAMED IN 2

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     PETRO-CANADA HOLDINGS

5)   Number of shares/amount of stock acquired.

     -

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

      10,000,000

8)   ( 4.75 %) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     28 MARCH 2001

11)  Date company informed

     4 APRIL 2001

12)  Total holding following this notification

     UNKNOWN
             
13)  Total percentage holding of issued class following this notification

     UNKNOWN

14)  Any additional information



15)  Name of contact and telephone number for queries

     BURNESS
     0131 473 6000

16)  Name and signature of authorised company official responsible for 
     making this notification

     BURNESS - AUTHORISED TO MAKE NOTIFICATIONS ON BEHALF OF PALADIN 
     RESOURCES PLC

     Date of Notification ...... 4 APRIL 2001