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Paladin Resources (PLR)

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Tuesday 13 September, 2005

Paladin Resources

Completion of Sale

Paladin Resources PLC
13 September 2005



PALADIN RESOURCES plc

("Paladin")

Completion of the US$90 million sale of interests in the Njord Field, Norwegian
North Sea

Further to the announcement made on 7 June 2005, Paladin is pleased to announce
that its wholly owned subsidiaries Paladin Resources Norge AS and Paladin
Resources (Norway) Limited have completed the sale to E.ON Ruhrgas Norge AS, a
wholly owned subsidiary of E.ON Ruhrgas AG, of their 15 per cent fixed unitized
interest in the Njord Field and associated licence interests.



                                                               13 September 2005

ENQUIRIES


Paladin Resources plc                        Tel:  +44 (0)20 7024 4500
Roy A. Franklin, Chief Executive
Cuth McDowell, Finance Director

College Hill                                 Tel:  +44 (0)20 7457 2020
Ben Brewerton
Jim Joseph







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