Paladin Energy Ltd Quarterly Activities Report for Period Ending - 31 December 2009

ENPNewswire-27 January 2010-Paladin Energy Ltd QUARTERLY ACTIVITIES REPORT FOR PERIOD ENDING - 31 DECEMBER 2009(C)2010 ENPublishing - http://www.enpublishing.co.uk Release date- 27012010 - HIGHLIGHTS: ? Safety focus having positive impact.? Record quarterly production of 987,310lb U3O8? Langer Heinrich achieves Stage 2 production levels- 36% increase in production over Sept quarter? Kayelekera production ramp-up slower than anticipated but rapidly improving- all circuits technically sound- resin transfer only remaining bottleneck for which a solution is being implemented? Record quarterly sales volume of 1,095,000lb U3O8 at an average realised sales price of US$56.54/lb? Execution of Paladin's long term contracting strategy with the signing of a substantial long term contract totaling 4Mlb commencing in 2012.