Mr. Alex Molyneux reports

PALADIN ENERGY LTD: DECEMBER QUARTER 2015 CONFERENCE CALL AND INVESTOR UPDATE - 17 FEBRUARY 2016

Paladin Energy Ltd. will hold a telephone conference in conjunction with an on-line slide show at 7:30 a.m. Perth time and 7:30 a.m. Hong Kong time on Feb. 17, 2016, and 6:30 p.m. Toronto time and 11:30 p.m. London time on Feb. 16, 2016, to give an update on the company's activities.

Paladin update

Date:  Feb. 17, 2016

Time:  7:30 a.m. Perth time

Please check the world clock to confirm the date and start time for your local time zone.

Toronto:  Feb. 16, 2016, 6:30 p.m.

London:  Feb. 16, 2016, 11:30 p.m.

Hong Kong:  Feb. 17, 2016, 7:30 a.m.

Live -- conference call and on-line slide show

The on-line slide show will be accessible from the link at the company's website.

Questions will be taken at the briefing's conclusion by way of conference call -- dial-in numbers for the conference call are as follows (toll-free):

• Australia -- 1-800-123-296;
• Belgium -- 080-078-747;
• Canada -- 1-855-576-0539;
• China -- 4001-203-170;
• France -- 0-800-913-185;
• Germany -- 0-800-180-2370;
• Hong Kong -- 800-906-648;
• India -- 1-800-3000-0597;
• Indonesia (Indostat) -- 0018-030-204-845;
• Indonesia (Telkom) -- 0078-030-204-845;
• Ireland -- 1-800-551-316;
• Italy -- 800-896-096;
• Japan -- 012-0301-736;
• Malawi unavailable, please use toll: 61-2-8373-3610;
• Malaysia -- 1-800-816-804;
• Namibia unavailable, please use toll: 61-2-8373-3610;
• Netherlands -- 0-800-023-3892;
• New Zealand -- 0-800-446-046;
• Norway -- 800-108-66;
• Philippines -- 1-800-1612-0170;
• Singapore -- 800-616-2313;
• South Korea -- 007-9861-361-784;
• Sweden -- 020-790-234;
• Switzerland -- 080-0835-802;
• Thailand -- 0018-00612-1041;
• United Kingdom -- 0-808-234-1369;
• United States -- 1-800-742-9301;
• United States, New York -- 1-845-5071-610.

For countries not listed above please dial 61-2-8038-5221.

Conference ID:  3110 1664 (this mustbe quoted)

You are encouraged to dial in approximately five to 10 minutes prior to the commencement of the briefing.

Archive -- audio/slides webcast

The briefing will be available approximately two to four hours after the live event on the same link as the live on-line slide show.