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Paladin Resources (PLR)

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Tuesday 30 March, 2004

Paladin Resources

Director's Interests

Paladin Resources PLC
30 March 2004

                             PALADIN RESOURCES plc
                                ("the Company")

                         Directors' Interests in Shares

By a written resolution of the Remuneration Committee of the Company passed on
29 March 2004, it was agreed that, in accordance with the terms of the Company's
Long Term Incentive Plan 2000 ("the LTIP") and following the completion of the
three year performance period for the awards made on 29 March 2001, 50% of the
awards made on that date should vest.

Three Directors therefore became unconditionally entitled to the LTIP shares set
out below:

Name of Director                                     No. of LTIP shares vesting
P Davison                                            145,000
RA Franklin                                          230,000
CJ McDowell                                          145,000

Certain of these shares have been sold, at a price of 104 pence per share, in
part to satisfy tax liabilities arising as a result of the vesting.

The resulting total number of shares in which these Directors, or persons
connected with them, are beneficially interested, in comparison with their
previous holdings, is now as follows:

Name of Director               Previous shareholding         New shareholding % of issued share capital
P Davison                                    779,925                  800,000                      0.24
RA Franklin                                1,210,000                1,285,000                      0.39
CJ McDowell                                  805,000                  850,000                      0.26

In accordance with the terms of the Company's 1998 Unapproved Share Option
Scheme, one of the Directors, Mr P Davison, yesterday exercised 75,000 of his
outstanding options at a price of 33.8376 pence per share, and sold them at a
price of 104 pence per share.

A Non-executive Director and the Chairman of the Company, Mr JM Gourlay, has
notified the Company that he has today gifted 25,000 ordinary shares in the
Company to charity. The resulting total number of shares in which he is
beneficially interested is 475,000.

30 March 2004

Paladin Resources plc                                 020 7024 4500
Sally Powell, Company Secretary

College Hill                                          020 7457 2020
James Henderson

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