Palladon Announces Conference Call

SALT LAKE CITY, UTAH, Jul 16, 2008 (MARKET WIRE via COMTEX News Network) --

PalladonVentures Ltd. (TSX VENTURE: PLL)(FRANKFURT: PV-1), through itswholly-owned subsidiary, Palladon Iron Corporation, announces that theCompany will host a conference call and live webcast to discuss thedetails of the start-up of the Iron Mountain mine near Cedar City,Utah.

Palladon President and CEO, Donald G. Foot, Jr., willhold an investor conference call and business update on Wednesday, July23, 2008 at 12:00 p.m. Eastern Daylight Time, (9:00 a.m. PacificDaylight Time). Members of the financial community will be invited toparticipate in a question and answer period at the end of the call. Toparticipate in the call, please dial the following numbers:

416-340-2216 (Toronto) / 866-898-9626 (Toll-Free North America)

Replay:

416-695-5800 (Toronto) / 800-408-3053

Passcode: 32665287

On Behalf of the Board of Directors,

Donald G. Foot, Jr., President and Chief Executive Officer

About Palladon

PalladonVentures Ltd. is a junior resource company focused on buildingproduction facilities at the Comstock/Mountain Lion iron mine in IronCounty, Utah. Palladon also holds gold exploration projects in Nevada,Utah and Argentina.

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

Contacts: Palladon Ventures Ltd. Donald G. Foot, Jr. President and CEO(801) 521-5252 (801) 521-5454 (FAX) Email: info@palladonventures.comWebsite: www.palladonventures.com; www.ironbullmining.com

SOURCE: Palladon Ventures Ltd.

mailto:info@palladonventures.com http://www.palladonventures.com; http://www.ironbullmining.com

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