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      Mining Begins Today At Iron Mountain
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Salt Lake City, Utah, September 11, 2008. Palladon Ventures Ltd.
("Company") (TSX.V: PLL) (Frankfurt: PV-1) through its subsidiary,
Palladon Iron Corporation, resumed mining operations today at the Iron
Bull Mining & Milling facility at Iron Mountain, Utah.    The historic
mine has produced over 80,000,000 tons of material since 1853, but has
not been actively mined since 1996.

Blasting and mining began today as the Iron Mountain site went into
full operation.  The first run-of-mine iron ore to be sent to China was
mined from benches 6350 and 6400 and moved to the crusher pad. Mining
operations are currently at approximately 5,000 tons per day.  This
production will increase to approximately 6,000 tons per day as we
reach full production in the next four weeks. This newly-mined material
will be used to replenish the current stockpile, which will be
maintained at 130,000 tons.

For weekly updates on the progress at Iron Mountain, please refer to
www.ironbullmining.com.

Property acquired: Palladon Iron Corporation has purchased
approximately 27 acres of property adjacent to the mine and waste
dumps.  The property includes two residential buildings which serve as
the mine offices as well as a garage.

Annual General Meeting:  Palladon Ventures' Annual General Meeting for
shareholders will be held on Wednesday September 17, 2008 at the
corporate offices in Salt Lake City, Utah.  The schedule is as follows:

Wednesday September 17, 2008
9:00 a.m. -- Annual General Meeting
12:30 p.m. -- Iron Mountain Mine Presentation with light lunch provided
(reservation required)

Thursday September 18, 2008
9:00 a.m. -- Mine Tour Available (reservation required)
1:00 p.m. -- Mine Tour Available (reservation required)

If you plan to attend the presentation and light lunch on Wednesday the
17th, or either mine tour on Thursday the 18th, you must RSVP to Bob at
1.801.521.5252 by noon (MST) on Tuesday, September 16th.

The mine is approximately three hours from either Las Vegas, Nevada or
Salt Lake City, Utah.  The address of our office at the mine is 2708
Comstock Road, Cedar City Utah, 84720.  From Cedar City, travel west on
US-56 approximately 16.4 miles.  Turn right on to Comstock Road (at the
dumpsters) and travel approximately 2 miles.  At the fork in the road,
veer left onto Comstock Spur and travel over the railroad tracks.  

"This is a historic day for Palladon Iron as we have resumed the mining
of ore at Iron Mountain.  After spending the last few years working to
get to this point, it is wonderful to see the production of iron ore
once again come from the mine.  We truly have helped to put the iron
back into Iron County, Utah," said Donald G. Foot Jr., President and
CEO of Palladon Ventures, Ltd.

On Behalf of the Board of Directors,
Donald G. Foot, Jr.
President & Chief Executive Officer


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:
Donald G. Foot Jr.
President & CEO
Palladon Ventures Ltd.
801.521.5252 Tel
801.521.5454 Fax
Email: info@palladonventures.com
Website: www.palladonventures.com; www.irobullmining.com


WARNING:  This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content
of up-coming work programs, permitting processes, the first shipment of
iron ore from the site, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties.  Actual results may
differ materially from those currently anticipated in such statements.
Palladon Ventures Ltd. relies upon litigation protection for
forward-looking statements.

The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of the contents hereof.

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Copyright (c) 2008 PALLADON VENTURES LTD. (PLL)  All rights reserved.
For more information visit our website at
http://www.palladonventures.com/ or send
mailto:info@palladonventures.com
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