Paladin Resources Inc. - HIGHLIGHTS

- Langer Heinrich Uranium Project officially opened by His Excellency, President Hifikepunye Pohamba, of the Republic of Namibia.
- Production ramps up to 70% of design capacity, first uranium concentrate shipment delivered to US conversion facility.
- Board approves Kayelekera Bankable Feasibility Study and grants project go-ahead.
- Kayelekera Uranium Project in Malawi gains Government development approvals.
- Takeover offer for Summit Resources Limited announced and achieved 58.21% acceptances to 27 April 2007.
- Uranium spot price rises to US$113/lb U3O8 - up US$41/lb U3O8 from December quarter.

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