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Paladin Resources (PLR)

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Thursday 07 April, 2005

Paladin Resources

Completion of Disposal

Paladin Resources PLC
07 April 2005



PALADIN RESOURCES plc
("Paladin")


Completion of the US$75 million sale of interests in the Ross and Blake Fields,
UKCS

Further to the announcement made on 17 January 2005, Paladin is pleased to
announce that its wholly owned subsidiary, Paladin Expro Limited, has completed
the sale to Petro Summit Investment UK Limited, a wholly owned subsidiary of
Sumitomo Corporation, of its 30.82 per cent fixed unitised interest in the Ross
Field and its 2.40 per cent fixed unitised interest in the Blake Field.

                                                                    7 April 2005

ENQUIRIES

Paladin Resources plc                                Tel:    020 7024 4500

Roy A. Franklin, Chief Executive
Cuth McDowell, Finance Director

College Hill                                         Tel:    020 7457 2020

Jim Joseph
Ben Brewerton


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