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Paladin Resources (PLR)

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Friday 01 April, 2005

Paladin Resources

Directors Interest in Shares

Paladin Resources PLC
01 April 2005

PALADIN RESOURCES plc
("the Company")



Directors' Interests in Shares



By a written resolution of the Remuneration Committee of the Company passed on
31 March 2005, awards were made to Executive Directors and other employees under
the Company's Long Term Incentive Plan 2000 (the "LTIP").



The awards to Executive Directors under the LTIP were as follows:


Name of Director                                     No. of LTIP shares
P Davison                                            116,666
RA Franklin                                          193,333
CJ McDowell                                          116,666



The extent to which 50% of the awards made under the LTIP will vest under normal
conditions at the end of a three year performance period commencing on the date
of the awards depends on the Company's total shareholder return during that
period, measured against that of a group of nine comparator companies selected
by the Remuneration Committee. The vesting schedule is as follows:


Position of the Company versus                       Vesting
comparator group companies
1st                                                  50%
2nd                                                  40%
3rd                                                  30%
4th                                                  20%
5th                                                  10%
Lower than 5th                                       Nil



The extent to which the remaining 50% of the awards made under the LTIP will
vest under normal conditions at the end of the three year performance period
will depend on the Company's return on equity ("ROE"), calculated annually and
then averaged over three years beginning with the year in which the awards are
made. No shares will vest if the ROE achieved is below 10%. Between 5% and 37.5%
of the total awards will vest (on a straight-line basis) if the ROE achieved is
between 10% and 15%, and the remaining 12.5% of the total awards will vest
(again on a straight-line basis) if the ROE achieved is between 15% and 20%. No
additional shares will vest if the ROE achieved is higher than 20%.




The total awards held by Executive Directors under the LTIP are now as follows:


Name of Director                                     No. of LTIP shares
P Davison                                               525,627
RA Franklin                                             870,675
CJ McDowell                                             525,627



                                                                   1 April 2005




Enquiries:
Paladin Resources plc                                020 7024 4500
Sally Powell, Company Secretary

College Hill                                         020 7457 2020
Jim Joseph/Nick Elwes









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