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Paladin Resources (PLR)

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Friday 01 November, 2002

Paladin Resources

Acquisition

Paladin Resources PLC
01 November 2002

                       Paladin Resources plc ("Paladin")



   Completion of US$22 million Acquisition of 14.49 per cent Interest in Ross
                              Field, UK North Sea



Further to the announcement of 28 August 2002 Paladin announces that its wholly
owned subsidiary Paladin Expro Limited has completed the acquisition of
Kerr-McGee Resources (U.K.) Limited's 14.49 per cent fixed unitised interest in
the Ross Field in the UK Central North Sea.




                                                             1 November 2002



ENQUIRIES:


Paladin Resources plc                            Tel:     020 7534 2900
Daniel Stewart-Roberts, Finance Director

College Hill                                     Tel:     020 7457 2020
James Henderson
Archie Berens










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