Paladin Energy Limited appointed Mr. Cliff Lawrenson as the Company's Non-Executive Chairman. Mr. Lawrenson brings to Paladin deep expertise in the minerals and energy sectors derived from his considerable global experience. Coupled with this is a successful track record of leading strategic direction in companies and executing corporate transactions. Mr. Lawrenson is currently Non-Executive Chairman of ASX-listed Pacific Energy Ltd, and a Non-Executive Director of Primero Group Ltd. His previous executive roles include Atlas Iron Limited, where he led the company's stabilisation and the subsequent takeover by a wholly owned subsidiary of Hancock Prospecting Pty Ltd. Prior to this, he led several ASX listed companies through various stages of development. He held the position of Group Managing Director of GRD Group Limited (GRD) from 2006 to 2009, incorporating GRD Minproc Ltd, OceanaGold Ltd. and Global Renewables. Prior to joining GRD, Cliff was a senior executive and vice president of CMS Energy Corporation in the USA and Singapore for seven years. The Board has appointed Mr. Lawrenson as the Non-Executive Chairman, effective immediately. Part of this role will be an ongoing review of optimisation and cost control initiatives as the Company readies itself for an upturn in the selling price of Uranium.