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Paladin Resources (PLR)

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Thursday 24 November, 2005

Paladin Resources

Cancellation of Listing

Paladin Resources PLC
24 November 2005

                     Paladin Resources plc (the "Company")

                            CANCELLATION OF LISTING

On 18 November 2005, Talisman Energy Resources Limited announced that all of the
conditions of its recommended offer for the whole of the issued and to be issued
share capital of the Company (the "Offer") had been satisfied or waived and
that, accordingly, the Offer had been declared wholly unconditional.

As at 3.00 p.m. on 21 November 2005, Talisman Energy Resources Limited owned or
had received acceptances representing 75.32 per cent. of the Company's existing
issued share capital.  In accordance with the terms of the Offer document which
was posted to the Company's shareholders on 28 October 2005, the Company now
intends to apply to the Financial Services Authority for the cancellation of the
listing of its shares on the Official List and to the London Stock Exchange for
the cancellation of the admission to trading of its shares on the London Stock
Exchange's market for listed securities.  It is anticipated that the
cancellation of the Company's listing and admission to trading will take effect
on 20 December 2005, being not less than 20 business days after 21 November

                                                              24th November 2005


For further information contact:

Jackie Sheppard                                                  +1 403 237 1183
David Mann                                                       +1 403 237 1196
Chris LeGallais                                                  +1 403 237 1957
Jacquelynn Craw                                               +44 (0)1224 353365

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