Paladin Labs Inc. Wins Two Genesis Awards for Entrepreneurship

MONTREAL, QUEBEC -- (MARKET WIRE) -- April 02, 2007 -- Paladin Labs Inc. (TSX: PLB), a leading Canadian specialty pharmaceutical company, proudly announces that the Company has won two Genesis awards. Paladin won the Biotechnology/Biopharmaceutical Entrepreneurship Award for outstanding growth and Jonathan Ross Goodman, President & CEO, won the BRIO Award for significant contribution to the development of the life sciences industry.