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Paladin Resources (PLR)

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Friday 14 September, 2001

Paladin Resources

Acquisition

Paladin Resources PLC
14 September 2001


                            Paladin Resources plc

                          ('Paladin' or 'the Group')


            Acquisition of Enterprise Oil Denmark Limited ('EODL')


Further to its announcement of 9 August 2001, Paladin, the oil and gas
exploration company with producing interests in the UK, Norway, Indonesia and
the USA, announces that it has completed the acquisition of EODL.


Roy Franklin, Chief Executive of Paladin, commented:


'This is another step towards our stated near-term production and reserve
targets of 35,000 boepd and 120 million barrels of oil equivalent of reserves.
With strong oil prices set to continue, the current outlook for the Group is
extremely healthy.'


                                                            14 September 2001


Enquiries:

Paladin Resources plc                          Tel:     020 7534 2900

Roy A. Franklin, Chief Executive
Cuth McDowell, Finance Director

College Hill                                   Tel:     020 7457 2020
James Henderson