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Paladin Resources (PLR)

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Thursday 09 January, 2003

Paladin Resources

Re: Prospectus

Paladin Resources PLC
09 January 2003

                              Paladin Resources plc

Prospectus relating to proposed acquisition of a portfolio of North Sea assets
from BP and Amerada Hess, and Placing and Open Offer of 63,563,798 New Shares at
66 pence per share

Copies of the above document have been submitted to the UK Listing Authority and
are available for inspection at the UK Listing Authority's Document Viewing
Facility, which is situated at:

The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel no:  020 7676 1000
9 January 2003

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