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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
authorities.


A further announcement will be made in due course.




                                                                 6 August 2001



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