Ms. Paula Raffo reports

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of Paladin Energy Ltd. has appointed Michele Buchignani as an independent non-executive director of the company.

Ms. Buchignani is an experienced non-executive director who has extensive senior-level expertise in Canada and globally in law, finance, private equity, strategy, executive compensation, compliance and risk management. In her executive career, she held senior roles with CIBC World Markets, Ontario's Teacher Pension Plan, and a number of major law firms in Canada and Australia.

Based in Vancouver, Ms. Buchignani's board and advisory roles have covered a diverse range of public, private and not-for-profit organizations, including Toronto Stock Exchange-listed Copper Mountain Mining Corp., TSX Trust Company, a federally regulated trust company, Nasdaq-listed Westport Fuel Systems and others.

Paladin chair Cliff Lawrenson said: "Since the acquisition of Fission Uranium, we have been focused on bringing a resident Canadian independent non-executive director onto the Paladin Energy board. Michele's knowledge of the Canadian business environment and public companies, along with her extensive experience as a strategic business leader, will be valuable as we progress development of our Patterson Lake South project in Saskatchewan's Athabasca basin."

Ms. Buchignani's appointment to the Paladin board is effective June 30, 2025, and election by shareholders will be sought at the 2025 annual general meeting.