Judicial Review Application of EIS Approval

• Métis Nation-Saskatchewan (MN-S) has applied for a judicial review of the EIS approval
• Paladin denies the claims made in the application and intends to defend its position
• Paladin recognises the unique rights, cultures and histories of Indigenous peoples

Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) has been notified that the Métis Nation-Saskatchewan (MN-S) has applied for a judicial review in the Saskatchewan Court of King's Bench, to challenge the 19 February 2026 decision of the Saskatchewan Minister of Environment to approve the Company's Environmental Impact Statement (EIS) for the Patterson Lake South (PLS) Project. Paladin recognises the unique rights, cultures and histories of Indigenous peoples, as well as their distinct interests and concerns, and seeks to develop partnerships that promote ongoing communication, relationship building, engagement, and socio-economic benefits for Indigenous communities. Paladin Canada Inc. (previously known as Fission Uranium Corp.) has been consulting with MN-S regarding the PLS Project for many years and has made significant efforts to address all environmental and other issues raised by the MN-S in the course of those consultations. The MN-S court application is directed to both the Government of Saskatchewan and Paladin Energy Limited, alleging that the Government of Saskatchewan inadequately consulted the MN-S prior to the Decision on the EIS. The application seeks to set aside the Decision by the Saskatchewan Minister of Environment and also seeks an interim injunction preventing Paladin from taking action in reliance on the Decision, pending judicial determination of the merits of MN-S' application. Paladin denies the claims made in the application and intends to defend its position in this matter.