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| | Wed Jul 4, 2007
Palladon Unveils Iron Bull Mining And Milling To The Iron County Community
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| | Salt Lake City, Utah, July 4, 2007. Palladon Ventures Ltd. (TSX.V: PLL) (Frankfurt: PV-1) is pleased to announce that Palladon Iron Corporation -- its private operating subsidiary -- is now also doing business as Iron Bull Mining and Milling.
Iron Bull Mining and Milling follows in the footsteps of the Columbia Iron Mining Company, U.S. Steel, Geneva Steel and others, as the operator at historic Iron Mountain in Iron County, Utah.
As one of the newest members of the Iron County community, Iron Bull Mining and Milling unveiled its new name and logo as an official sponsor of the Wendy Wood Memorial Rodeo in Cedar City, Utah, on June 22 and 23, 2007. The Company's staff gave Iron Bull-themed items to the crowd while the riders, ropers, wranglers and racers participated in this annual Western tradition.
Iron Bull Mining and Milling also hosted the Cedar City Mayor's Breakfast on June 28, where Mayor Gerald Sherritt presented his master plan to the Chamber of Commerce after a presentation on the Company's Iron Mountain project.
Iron Bull Mining and Milling has partnered with the U.S. Fish & Wildlife Service by adding $1,500 to the $3,500 reward for the arrest and prosecution of those responsible for the tragic deaths of two young golden eagles in Iron County. The Company has also placed its 24-hour security guards on special alert to assist officials in any way possible.
Don Foot, President and CEO of Palladon Ventures, said, "Iron mining was the commercial foundation for communities in Iron County, and in past years, it employed many local workers. Our new name is a tribute to the miners of the past, and it offers a fresh outlook on the future of iron mining in the area. Iron Mountain has an amazing history and we are excited to start a new chapter. We are delighted to work closely with the people of Iron County, and are eager to grow with them in years to come."
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
Hamish Greig
Vice President
Palladon Ventures Ltd.
1500-409 Granville St.
Vancouver BC V6K 3L8
604-484-7088 Tel
604-484-7044 Fax
Email: info@palladonventures.com
Web: www.palladonventures.com
Frank Dolce
Vice President
Palladon Ventures Ltd.
554 South 300 East, Suite 250
Salt Lake City UT 84111
801-521-5252 Tel
801-521-5454 Fax
frank.dolce@palladoniron.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.
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