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Paladin Resources (PLR)

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Monday 06 August, 2001

Paladin Resources

Stmnt re Press Comment

Paladin Resources PLC
6 August 2001

                            PALADIN RESOURCES PLC

                            Re: Press Speculation

Paladin Resources plc notes the recent press speculation and confirms that it
is in discussions with Enterprise Oil plc that may or may not lead to the
acquisition of certain Danish North Sea oil and gas assets.

Any acquisition would be subject to the approval of the relevant regulatory

A further announcement will be made in due course.

                                                                 6 August 2001


College Hill                         Tel: 020 7457 2020
James Henderson