Palladon Ventures

Palladon Announces Assays on Candy B Prospect
Monday January 16, 9:00 am ET


SALT LAKE CITY--(BUSINESS WIRE)--Jan. 16, 2006--Palladon Ventures Ltd. (TSX VENTURE:PLL - News; FWB:PV1) and joint venture partner Western Utah Copper Company are pleased to provide the following drill results on the Candy B prospect of the Milford Mineral Belt in southwestern Utah.
In the fall of 2005, the JV completed four reverse circulation drill holes (WCB 1, 2, 5 and 11), encountering copper mineralization greater than 0.4% Cu in intervals up to 50.3 m in length, including a 36.3 m interval grading an average of 1.05% copper. The apparent center of the mineralized area of the Candy B prospect is located approximately 430 meters southeast of the center of the historic Maria Mine, which produced approximately 7.2 million lbs. of copper between 1967 and 1974. Assay results have been returned for 3 holes and are summarized as follows:

SUMMARY DRILL RESULTS

Drill Hole                                           Average
Number                From         To    Meters   Grade (%Cu)

WCB-01             96.00 m   132.60 m   36.60 m         1.05%
WCB-02             47.30 m   103.70 m   56.40 m         0.77%
          Incl.    67.00 m    89.90 m   22.90 m        1.106%
WCB-11             61.00 m    65.60 m    4.60 m         0.82%
                   93.00 m   143.30 m   50.30 m         0.53%


In the 1950s U.S. Steel performed extensive regional geophysical and geological programs directed toward discovering large magnetite iron deposits in the Milford area. Although several small, intense magnetic sources were discovered under shallow cover, they were not of sufficient size to interest U.S. Steel for production of iron. The area of magnetic anomalies was later independently staked by the U.S. Steel geologist who had worked on the study. This eventually led to the discovery of the Bawana, Hidden Treasure, and Candy B prospects. Geophysical studies performed by Palladon in late 2004 confirmed peaks of a moderate chargeability anomaly, approximately 365 by 120 meters in size, to a 100-meter depth beneath the buried Candy B target. (See press release dated January 25, 2005)

In the mid-1960's the American Mining Company calculated a resource estimate at Candy B of 1 million tons averaging 1.25% copper based on seven holes drilled along a strike length of 1100 feet and a horizontal width of 400 feet. This estimate is historical in nature, was completed prior to 2001 and NI 43-101, and should therefore not be considered reliable. Palladon plans to initiate a second phase of infill drilling with the objective of verifying historic data, studying the extent of mineralization, and producing a revised, NI 43-101 compliant resource estimate for Candy B.

Mr. R. H. Russell, M.Sc., Geology, who has over 36 years experience in the mining industry, is a Licensed Geologist in the State of Washington (#205), and is a member of S.E.G., is acting as the qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein relating to the Western Utah Copper Project. Mr. Russell is an independent consultant and does not have any ownership or financial interest in either Palladon Ventures Ltd. or Western Utah Copper Company.

Detailed Drilling Summary
Palladon/WUCC Joint Venture

---------------------------------------------------------------------

Drill Hole
Number      Significant Intercepts(i)  Geology
---------------------------------------------------------------------
WCB-01                                 0-33.5 m: Alluvium
            33.50-96.00 m:             33.5-94.5 m: Epidote/Garnet
             Low-grade copper          Skarn; Local marble
---------------------------------------------------------------------
            96.00-111.30 m:            94.5-123.4 m: Magnetite,
             15.30 m @ 0.568 % Cu      Garnet
            111.30-112.80 m.:
             1.50 m Pending            Skarn
---------------------------------------------------------------------
            112.80-132.60 m:           123.4-134.1 m: Skarn and Alt.
             19.80 m @ 1.502% Cu       Intru. 147.9 m: TD in Quartz
                                       Monzonite
---------------------------------------------------------------------

---------------------------------------------------------------------
WCB-02                                 0-25.9 m: Alluvium
---------------------------------------------------------------------
                                       25.9-44.2 m: No Samples
---------------------------------------------------------------------
            47.30-50.30 m:
             3.00 m @ 0.625 Cu         44.2-57.9 m: Magnetite, Garnet
---------------------------------------------------------------------
            50.30-51.80 m:
             1.50 m Pending            Skarn
            51.80-53.30 m:
             1.50 m @ 0.754% Cu
---------------------------------------------------------------------
            53.30-56.40 m:
             3.10 m Pending
            56.40-65.50 m:
             9.10 m @ 0.769% Cu        57.9-61 m: Fracture Zone
---------------------------------------------------------------------
            65.50-67.00 m:
             1.50 m Pending            61-108.2 m: Magnetite Skarn,
            67.00-89.90 m:
             22.90 m @ 1.106% Cu       Locally Silicified, Fractured
---------------------------------------------------------------------
            89.90-91.50 m:
             1.50 m Pending
---------------------------------------------------------------------
            91.50-103.70 m:
             12.20 m @ 0.6615% Cu      129.6 m: TD in Intrusive
---------------------------------------------------------------------

---------------------------------------------------------------------
WCB-11      61.00-65.60 m:
             4.60 m @ 0.818%
---------------------------------------------------------------------
            93.00-99.10 m:
             6.10 m @ 0.999%
---------------------------------------------------------------------
            108.20-128.00 m:
             19.80 m @ 0.734%
---------------------------------------------------------------------
            135.70-143.30 m:
             7.60 m @ 0.812%
---------------------------------------------------------------------
(i) The reverse circulation samples were collected on 5-foot
(1.5 meter) intervals. Several intervals are still out for assay and
results are pending, or in the case of WCB - 11, results are missing
over several meters. Where missing or pending, a value of 0.00% Cu
was assumed in the average grade calculations above. A cutoff of
0.40% Cu was used.


Palladon also announces the resignation of Mr. Doug Silver, VP Business Development, effective December 31, 2005. "Mr. Silver has made a valuable contribution to Palladon since its inception in 2003. We wish him every success as he focuses on his role as C.E.O of International Royalty Corp.," stated George Young, Chief Executive Officer of Palladon Ventures Ltd.

ON BEHALF OF THE BOARD OF DIRECTORS OF PALLADON VENTURES LTD.

Donald G. Foot Jr., President & Chief Operating Officer

Assays quoted in this news release were performed by (ALS Chemex Laboratories of Reno, Nevada).

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Palladon's future plans, intentions, objectives or goals, including words to the effect that Palladon or management expects a stated condition or result to occur. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated.

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

Palladon Ventures Ltd. (TSX VENTURE:PLL - News; FRANKFURT:PV1 - News)



Contact:
Palladon Ventures Ltd.
Hamish Greig
Investor Contact
(604) 484-7088
Fax: (604) 484-7044
info@palladonventures.com
www.palladonventures.com

--------------------------------------------------------------------------------
Source: Palladon Ventures Ltd.

http://biz.yahoo.com/bw/051102/16497.html?.v=1 Palladon Announces Gold Assay Results from Caldera Project, Nevada Wednesday November 2, 1:00 am ET SALT LAKE CITY--(BUSINESS WIRE)--Nov. 2, 2005--Palladon Ventures Ltd. (TSX VENTURE:PLL - News) today announced the results of rock chip sampling at its Caldera project located in west-central Nevada, in the vicinity of the producing Round Mountain mine and the past-producing Paradise Peak mine. It is one of the five Great Basin gold projects being explored by Palladon for gold potential, along with the gold projects being explored in Argentina. The geology of the Caldera property consists of a series of intermediate to felsic tuffs, locally cut by small felsic subvolcanic intrusives. The project area displays epithermal volcanic hosted mineralization with gold and silver hosted in veins, faults, silicified zones, breccia zones, and stockwork-mineralized areas. Previous work by other companies has returned encouraging results but identified no coherent mineralized zones. In previous data available to Palladon, surface rock chip sampling had returned values of up to 37 grams of gold (1.08 opt) and up to 847 grams of silver (24.7 opt) per ton. Highlights of prior drilling data include intercepts of 3 meters of 38 grams gold per ton (1.1 opt) and 7.6 meters of 8 grams per ton (0.243 opt) in separate drill holes. Neither of these intercepts has been significantly constrained by later drilling. ADVERTISEMENT The field work to date by Palladon has focused on the western half of the project area and attempted to better define basic geology and controls on the previously identified mineralization through mapping and rock chip sampling with over 330 rock samples collected as part of this effort. The majority of these samples were selected to determine which veins, faults, or other structures control the epithermal mineralization. Exposures in most areas did not allow for continuous sampling to ascertain full widths of mineralized zones. Assays and geologic observations returned very positive results. One hundred and five (105) of the samples contained potentially ore-grade values of greater than 0.34 grams gold per ton (0.01 opt). Four samples contained bonanza gold grades: 193. 5 grams (5.65 opt), 63 grams (1.84 opt), 58.3 grams (1.7 opt), and 48.9 grams (1.4 opt) per ton gold, the highest rock chip values collected to date on the property. The first of these samples also contained 6370 grams of silver (186 opt Ag) and the second carried 1510 grams of silver (44 opt). These two samples were collected from float material but are believed to have not moved far from a nearby subcrop source. Nearby samples carry from 0.2 to 63 grams of gold along a strike length of 335 meters. The other two bonanza samples were from narrow (1 foot or less) veins or mineralized breccias. None of these bonanza veins appears to have been drill tested. In addition to these veins, several other mineralized structural zones were recognized, which are either untested by drilling or poorly tested. These structural zones are up to at least 500 meters long and could be up to 25 meters wide in places. The highest values on these three structural zones contain a minimum of 3 grams (0.09 opt) of gold with a maximum of 8 grams (0.23 opt) of gold per ton. The average of samples within 15 meters of these structures is 1.4 grams (0.04 opt) gold and 58 grams (1.7 ounces) of silver per ton. Palladon recently acquired data from previous operators including 77 drill hole summaries, 193 anomalous rock chips (greater than 200 ppb Au), and soil anomaly areas, mostly from the eastern side of the project area. The data was derived from work conducted by Exxon, Noranda, and Homestake Mining between 1983 and 1997. Highlights of this data set include a hole drilled near the high-grade intercept noted above that bottomed in 1 meter of 32.9 grams (0.96 opt) of gold at 46 meters. On the eastern side of the property, another hole intersected 4.6 meters of 9.6 grams (0.28 opt Au) of gold at 21 meters within 29 meters of 1 gram (0.03 opt) gold starting at the surface; follow-up drilling near this hole returned weaker mineralized intervals but the overall importance of this hole has not been fully evaluated. These early results are very encouraging. Most significantly, the new data supports the high-grade target concept with new bonanza grade values. Also, it is apparent that despite the amount of prior work, several attractive targets remain to be tested. A two phase drill program is currently being planned for execution in the spring and summer of 2006 and considerably more field work is planned for the coming months. Forty-five new claims have also been added to the property position. Palladon CEO George Young said, "We continue with our gold exploration work both in the Great Basin of Nevada and Utah as well as in Patagonia and in Salta province, Argentina. We believe we have excellent projects on both continents for prospective gold exploration. We expect to be in a very unique position as a junior gold explorer. As we execute our business plan in developing our iron and copper projects, we will potentially have the ability to finance our gold exploration without significantly diluting shareholders going forward." Qualified Person and Quality Assurance and control Mr. Rick Russell, B.Sc, Geology, who has over 36 years experience in the mining industry, is a Licensed Geologist in the State of Washington (#205), and is a member of S.E.G, is acting as the qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein. Mr. Russell is an independent consultant and does not have any ownership or financial interest in Palladon Ventures Ltd. ON BEHALF OF THE BOARD OF DIRECTORS OF PALLADON VENTURES LTD. George S. Young, Chief Executive Officer, Director Assays quoted in this news release were performed by ALS Chemex Laboratories of Reno,Nevada. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Palladon's future plans, intentions, objectives or goals, including words to the effect that Palladon or management expects a stated condition or result to occur. Since forward- looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated. The TSX Venture Exchange has not reviewed and does not take respon sibility for the adequacy or accuracy of the contents hereof. Palladon Ventures Ltd. (TSX VENTURE:PLL - News)

Gibts hier noch andere Palladon-Investierte??? Will grad mal meinen Thread wieder bissel aufleben lassen. Hab lange nicht mehr nach dem Kurs geschaut, aber was ich sehe gefällt mir und wenn ich mir die Unternehmensaussichten ansehe komme ich aus dem Grinsen nicht mehr raus
Chart-technisch sieht das Ganze ja auch irgendwie schön aus

Naja, bis denne und Gruß an alle Mitinvestierten....