From today's news release:

"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."