Palladon Announces Appointment of New Officer

Company: Palladon Ventures Ltd.
Title: Palladon Announces Appointment of New Officer
Text: Salt Lake City, UT, October 29, 2009. Palladon Ventures Ltd. (“Palladon” or the

“Company”) (CDNX: PLL.V) (Frankfurt: PV-1) is pleased to announce that Mr.

Leonard J. Sojka, the Company’s Interim Secretary and director, has been appointed as

the Chief Financial Officer and the Secretary of the Company.

The Company also wishes to announce that Mr. Jeffrey D. Clark has resigned as the

Interim Chief Financial Officer of the Company. Mr. Clark will remain as a director of

the Company. The board wishes to express its thanks to Mr. Clark for serving as the

Interim Chief Financial Officer.

On Behalf of the Board of Directors,

John W. Cutler

President & CEO

About Palladon

Palladon Ventures Ltd. is a junior resource company focused on advancing the Iron

Mountain Project, an iron ore mine located west of Cedar City, Utah.

For Further Information Please Contact:

John W. Cutler

President & CEO

Palladon Ventures Ltd.

801.521.5252 Tel

801.521.5454 Fax

Email: info@palladonventures.com

Website: www.palladonventures.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

Palladon Ventures Ltd.

554 South 300 East, Suite 250

Salt Lake City UT 84111

801-521-5252 Tel

801-521-5454 Fax

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.