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Paladin Resources (PLR)

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Tuesday 02 April, 2002

Paladin Resources

Director Shareholding

Paladin Resources PLC
2 April 2002

Paladin Resources plc

("the Company")

                         Directors' Interests in Shares

By a written resolution of the Remuneration Committee of the Company passed on
28 March 2002, options were granted to Executive Directors and other employees
under the Paladin Resources 1998 Unapproved Share Option Scheme ("the Scheme").
The options granted to Executive Directors were as follows:

Name of Director                                                 No. of options

P Davison                                                               158,000
R A Franklin                                                            261,000
C J McDowell                                                            158,000

The exercise price of each option is 47.58 pence and they will become
exercisable three years following the date of grant, provided that the total
shareholder return of the Company during that period increases by a percentage
amount that is equal to or greater than the percentage change in the Retail
Prices Index plus 3% per annum over the same period. The options expire six
years after the date of grant.

The total number of options held by the Executive Directors under the Scheme are
now as follows:
Name of Director                                           Total no. of options

P Davison                                                               936,659
R A Franklin                                                          1,589,659
C J McDowell                                                            936,659

Paladin Resources plc                          020 7534 2900
Sally Powell, Company Secretary

                      This information is provided by RNS
            The company news service from the London Stock Exchange