=======================================================================
Re:   Press Release - Wednesday, March 18, 2009
      Palladon Announces Appointment of New Officers
=======================================================================

Salt Lake City, Utah, March 18, 2009. Palladon Ventures Ltd.
("Palladon" or the "Company") (TSX.V: PLL) (Frankfurt: PV-1) is pleased
to announce that Mr. John W. Cutler, a director of the Company, has
been appointed as the Interim Chief Executive Officer of the Company.

The Company is also pleased to announce that Mr. Jeffery  D. Clark, a
director of the company, has been appointed as the Company's Interim
Chief Financial Officer and that Mr. Leonard J. Sojka, a director of
the Company, has been appointed as the Company's Interim Corporate
Secretary. 

The Company intends to hold a conference call with the Company's
shareholders next week to provide a corporate update.

The Company also wishes to announce that Mr. Donald G. Foot, Jr. has
resigned as a director, President and Chief Executive Officer of the
Company and that Ms. Annjanine Etzel has resigned as a director and
Chief Financial Officer of the Company. The board wishes to express its
thanks to Mr. Foot and Ms. Etzel for their contributions to the
Company's development.


On Behalf of the Board of Directors,
John W. Cutler
Interim Chief Executive Officer and Director

About Palladon

Palladon Ventures Ltd. is a junior resource company focused on building
production facilities at the Comstock/Mountain Lion iron mine in Iron
County, Utah. Palladon also holds gold exploration projects in Nevada,
Utah and Argentina.


For Further Information Please Contact:
John Cutler
Interim CEO
Palladon Ventures Ltd.
801.521.5252 Tel
801.521.5454 Fax
Email: info@palladonventures.com 
Website: www.palladonventures.com; www.ironbullmining.com

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements,
which reflect the expectations of. Forward-looking statements consist
of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given that
any of the events anticipated by the forward-looking statements will
occur or, if they do occur, what benefits the Company will obtain from
them. These forward-looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions
which may prove to be incorrect. A number of risks and uncertainties
could cause our actual results to differ materially from those
expressed or implied by the forward-looking statements, including: (1)
a downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties and speculative nature
associated with mineral exploration and production, (3) a decreased
demand for minerals, (4) any number of events or causes which may delay
or cease exploration and development of the Company's property
interests, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems; (5) the risk that the
Company does not execute its business plan, (6) inability to retain key
employees, (7) inability to finance operations and growth, (8) other
factors beyond the Company's control. These forward-looking statements
are made as of the date of this news release and, except as required by
law, the Company assumes no obligation to update these forward-looking
statements, or to update the reasons why actual results differed from
those projected in the forward-looking statements.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

=======================================================================
Copyright (c) 2009 PALLADON VENTURES LTD. (PLL)  All rights reserved.
For more information visit our website at
http://www.palladonventures.com/ or send
mailto:info@palladonventures.com
=======================================================================
.
<