FOR IMMEDIATE RELEASE

NOTICE OF PALADIN LAB'S FINANCIAL OUTLOOK CONFERENCE CALL

Montreal, Canada, December 17, 2003 - Paladin Labs Inc. (TSX: PLB), a leading Canadian specialty pharmaceutical company, will issue a release outlining the Company’s financial outlook on Friday, December 19, 2003 prior to market opening. Following the release, Paladin will hold a conference call at 10:00 a.m. (EST) hosted by Jonathan Ross Goodman, President and CEO of Paladin Labs. Paladin cordially invites all interested parties to participate in this call.

CONFERENCE CALL DETAILS:

DATE: Friday, December 19, 2003
   
TIME: 10:00 a.m. EST
   
DIAL IN NUMBER: 1-800-273-9672 or 416-695-5806
   
REFERENCE NUMBER: 1513679
   
TAPED REPLAY: 1-800-408-3053 OR 416-695-5800
Available from Friday, December 19th at noon until Friday,
December 26th at midnight.

The call will also be audio-cast live and archived for 90 days at www.paladinlabs.com and www.financialdisclosure.ca.

About Paladin Labs Inc.
Paladin Labs Inc., headquartered in Montreal, Quebec, is a leading specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian market. With this strategy, a focused national sales team and proven marketing expertise, Paladin has evolved into one of Canada’s leading specialty pharmaceutical companies. Paladin’s shares trade on the Toronto Stock Exchange under the symbol PLB. For more information about Paladin, please visit the Paladin web site at www.paladinlabs.com


For further information please contact:

Paladin Labs Inc.
Samira Sakhia, Chief Financial Officer
Tel: 514-340-5067
e-mail: info@paladin-labs.com
Web Site: www.paladinlabs.com

The Equicom Group Inc.
Bruce Wigle
Investor Relations
Tel: 416-815-0700 ext.228
e-mail: bwigle@equicomgroup.com