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Paladin Resources (PLR)

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Friday 01 July, 2005

Paladin Resources

Completion of Acquisitions

Paladin Resources PLC
01 July 2005

Paladin Resources plc
("Paladin" or "the Company")

Completion of Acquisitions of interests in Block 22/19a, containing the Fiddich

Further to the announcements of April 6 and May 24 2005, Paladin Resources plc
announces that its wholly owned subsidiary, Paladin Expro Limited, has completed
the acquisitions of Elf Exploration UK plc's (an affiliate of Total E&P UK plc)
19.2366 per cent non-operated interest in Licence P.357 (Block 22/19a) in the UK
Central North Sea ("the Licence") and a 32.59317 per cent interest in the
Licence from Nippon Oil Exploration and Production U.K. Limited.

Block 22/19a contains the Fiddich gas and condensate discovery, which lies
approximately 20 km to the south east of the Paladin-operated MonArb Fields.

Partner interests in the Licence are: Paladin Expro Limited (operator) 51.82975
per cent, NOEPUK 38.17025 per cent and Noble Energy (Europe) Limited 10 per

                                                                     1 July 2005


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

                      This information is provided by RNS
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