Palladon Ventures Ltd. ("the Company") (TSX VENTURE: PLL)(FRANKFURT: PV-1) announces the results of the Company's Annual General Meeting and the following changes to the Board of Directors effective September 17, 2008. Robert Getz, Leonard J.

SALT LAKE CITY, UTAH--(Marketwire - Aug. 5, 2008) - Palladon Ventures Ltd. ("Company") (TSX VENTURE:PLL)(FRANKFURT:PV-1) is pleased to announce that it will hold its Annual General Meeting on Wednesday September 17th 2008, at 9:00 a.m. at the Company's corporate offices in Salt Lake City, Utah.

Palladon Ventures Ltd. (TSX VENTURE: PLL)(FRANKFURT: PV-1) provides an update on progress at the Iron Mountain facility near Cedar City, Utah in anticipation of the start-up in the third quarter of 2008.

Palladon Ventures Ltd. (TSX VENTURE: PLL)(FRANKFURT: PV-1) announces that its private subsidiary, Palladon Iron Corporation (PIC), has signed a long-term sales agreement with China Kingdom International Minerals & Metals Co., Ltd (CKI).

Palladon Ventures Ltd. (TSX VENTURE: PLL)(FRANKFURT: PV-1) announces the following update on progress at the Iron Mountain Project, located 20 miles west of Cedar City, in Iron County, southwestern Utah. The project is held in a joint venture between Palladon Ventures Ltd.