Deep Yellow Limited (DYLLF)

[wzebra33]

Paladin Energy Ltd: Acquisition of Shares in Deep Yellow Ltd
Thursday September 18, 7:02 am ET

PERTH, WESTERN AUSTRALIA--(Marketwire - Sept. 18, 2008) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN - News; ASX:PDN - News) advises that today it has acquired 44,700,000 shares in Deep Yellow Ltd (ASX:DYL - News; Deep Yellow) taking its investment in this company from 15.3% to 19.29%.

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Paladin recognises the extensive tenement position of Deep Yellow and Deep Yellow's strong uranium management and exploration team. The acquisition of the additional Deep Yellow shares is a strategic investment for Paladin.

Paladin looks forward to continuing to be a supportive shareholder of Deep Yellow. Information on Deep Yellow can be found at www.deepyellow.com.au.