=======================================================================
Re:   Press Release - Wednesday, July 09, 2008
      Palladon Announces Board Changes And New Hires
=======================================================================

Salt Lake City, Utah, July 9, 2008. Palladon Ventures Ltd. (TSX.V: PLL)
(Frankfurt: PV-1) is pleased to announce the appointments of Mr. John
Cutler and Mr. Jared Sturdivant to the Board of Directors.  In
addition, Mr. Darrel Twede has joined the Company as the Acting Chief
Operating Officer and Chief Technical Officer.

Mr. Cutler is a strategist with Swank Capital, LLC, a multi fund
manager specializing in energy and natural resource investments. The
firm manages funds across a number of strategies including the
Dalrymple Global Resources Fund, LP set up to capitalize on the global
demand for commodities through equity investments and futures
contracts.  Prior to joining Swank Capital, Mr. Cutler compiled over 30
years experience in the investment management and securities
industries. He started his career as a portfolio manager with U.S.
Trust Co. of New York in 1974. He subsequently held senior positions
with major investment banking firms including CS First Boston and Smith
Barney. Mr. Cutler also served as Vice President in the research group
of John S. Herold, Inc. Mr. Cutler received a BS in Finance from the
University of Virginia -- McIntire School of Commerce in 1974. He also
pursued further studies at The New York Institute of Finance and The
New School, NYC.

Mr. Sturdivant is currently a Managing Director of JANA Partners LLC.
Previously he was an investment analyst for Harvest Management LLC
(2004--2005) focusing on distressed and special situation investments.
He also previously worked as a restructuring and M&A Advisor for
Conway, Del Genio, Gries & Co. LLC (2001--2003).  Mr. Sturdivant
graduated with a B.A. in Finance from the University of Texas at Austin
in 2001, (magna cum laude).

Mr. Twede recently retired from FLSmidth Minerals, formerly known as
Eimco where he was a project manager for the last 15 years with
projects in Asia, South America, and the United States. Prior to his
employment at Eimco, he worked at Evans & Sutherland in Salt Lake City
as Program Manager where he managed domestic and international
multi-million dollar programs in the simulation industry.  He was
employed at Kennecott Copper as a control systems engineer in the
development of control systems in Kennecott's operation.  Mr. Twede
received his M.S. in Electrical Engineering from the University of
Utah, and is a past member of Eta Kappa Nu (HKN) Honor Society, the
Institute of Electrical and Electronic Engineers (IEEE), and the
Instrument Society of America (ISA).  He received his Professional
Engineer License in 1969 from the state of Utah.

The Company also announces that Dr. Michael G. Nelson has resigned from
the Board of Directors at Palladon Ventures to focus on his assignments
as a professor of Mining Engineering at the University of Utah.

The Company had hoped to have a conference call for investors this week
but has postponed it as Mr. Foot is traveling to China.  A detailed
investor call will be scheduled for July 23, 2008 to give complete
details of the start-up of the mine.
 "We are very fortunate to have John Cutler and Jared Sturdivant join
our Board," said Donald G. Foot, Jr., President and CEO, Palladon
Ventures Ltd.  "Their experience in the financial markets will help to
re-position our Board's strength towards the operating concerns of the
future. Darrel Twede brings a wealth of Project Management and plant
start-up experience and will be a huge asset in a smooth start-up.  In
addition, other key positions at the site have now been filled with
excellent additions. We are pleased to have attracted this talent for
the Company at such a competitive time in our industry."

On Behalf of the Board of Directors,
Donald G. Foot, Jr.
President and 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 and CEO
Palladon Ventures Ltd.
801.521.5252 Tel
80.521.5454 Fax
Email: info@palladonventures.com 
Website: www.palladonventures.com; www.ironbullmining.com


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

=======================================================================
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
=======================================================================
.