Aus Palladin Vent. wurde nun Palladin Mining!

A Steel of a Deal

If you have very wondered what kind of a fool would be driving the wilds of Western Utah on Superbowl Sunday, collecting both a speeding ticket and a flat tire, all in the faint hope of being first to announce finding another supervalue stock, I can answer in a word.

Me.
....
The last deal this good was when the Dutch stiffed the Indians out of Manhattan for $24 bucks worth of beads. However, on second thoughts after considering the taxes in NYC and the inhabitants in general, maybe the Indians got the better part of the deal.
....
It's the best deal I've seen in a long time. Not just because he got a major mine and facilities for cents on the dollar but because the price of iron is rocketing.
....
It's easy to see the high-grade iron ore in the stripped areas. This is a mine with a mine plan, a permit and it's ready to rock and roll.
....
Palladon owns 65% of the JV and Western Utah Copper owns 35%. It's a great deal for both parties. Palladon's 65% interest is a giant portion of a giant project.
....
George Young is going to build a billion dollar company with this project. When he told me about the project and I read all the reports he supplied, I immediately went out to buy some stock. I wouldn't chase the stock and you shouldn't either. But with a market cap of $11 million Canadian, the market doesn't get it. I don't expect any substantial dilution to advance the project and when they get into production, even if just shipping lower grade ore, the market is going to put a far higher valuation on the shares. If you want to own it, be careful, I fully expect it to rocket higher and then come back some.
Diese Woche stehen Gespraeche bzgl. der Fianzierung des Projektes auf dem Plan. Man kann warten, bis das durch ist, aber wer auf Alles geht sollte es nicht abwarten.

Palladon kostet heute 8mio USDollar. Das Projekt ist mehrere Milliarden Dollar wert. Was fehlt ist die Unterschrift unter der Finanzierung und das Gebiet gehoert Palladon.

Sie planen ein neues Stahlwerk zu bauen, welches mit der HiSmelt-Technik laeuft. Einzelheiten dazu fuehren heir zu weit. Es gibt erst ein solches Stahlwerk auf dieser Welt, in Australien, gebaut von Rio Tinto und einem Partner. Die vorteile liegen wohl im geringen Energiebedarf. Ein weiteres dieser Werke ist derzeit im Bau in Minnesota.

Die vorteile fuer Palladon liegen klar auf de Hand:
1. Der groesste anteil am eisenerzpreis sind die Transportkosten. Sie machen rund 2 Drittel aus. Ein Stahlwerk direkt neben diesem Deposit verursahct also keinerlei Transportkosten.

2. Da es dort schon eines der wichtigsten Stahlwerke der USA gab, ist ausreichend Fachwissen in der Gegend beheimatet. Die Leute lebten ueber Jahrzehnte mit einem Stahlwerk und mit der mine.

3. Dieses Stahlwerk waere das erste im mittleren Westen der USA westlich von Chikago und nur 2 Stunden von Las Vegas entfernt. Bis heute muessen dorthin teuer Staehle aus anderen Landesteilen transportiert werden. ein Stahlwerk mit der Kapazitaet von einer million Tonnen im Jahr wuerde hingegen kaum 1% des jaehrlichen Bedarfes der USA decken!

4. Die Produktionskosten fuer Staehle aus dem HiSmelt-Verfahren sollen sich auf max. 200 Dollar/ Tonne belaufen. Derzeit werden Preise um die 700 dollar/ Tonne im Verkauf erzielt. Das Werk haette eine Lebensdauer von mindestens 50 Jahren. Daraus errechnet sich ein Wert von 35 Milliarden Dollar fuer das Erzvorkommen!

5. Die Kosten fuer das Stahlwerk schaetzt man auf etwas mehr als 1 Milliarde Dollar. Das ist eine wichtige Investition in einer strukturschwachen Gegend der USA. Ueber die Finanzierung sollten wir uns heute noch keine Gedanken machen. Partner stehen uebrigens bereit.

6. Mit Utah Coal steht einer der groessten Kohleproduzenten der USA bereit um Kohle zu liefern. Das widerum erhoeht auch deren Foerderung und das widerum wird dem Herrn Governer auch gefallen.

Wenn GY diesen Plan umsetzen kann und realisiert, dann werden wir noch sehr sehr viel Freude haben. Wenn nicht bauen sie eben nur Eisenerz ab. Im allerschlimmsten Fall tun sie beides nicht, aber da ist noch das Western Utah Copper Projekt, welches ebenfalls kurz vor der Produktion steht!

Über Meinungen und Anregungen würde ich mich freuen!

Gruß

Wer sich`s mal anschauen will!

In Frankfurt + 20% heute!

Die aktuelle Bewertung ist selbst wenn sie nur 1mio Tonnen pro Jahr abbauen und verkaufen würden ein Witz.

Wenn die das mit dem Stahlwerk gebacken kriegen sprechen wir von 700mio Dollar Umsatz pro Jahr. Und das könnte vielleicht sogar schneller gehen als man glaubt, da ein stillgelegtes nicht weit weg ist. Man könnte es evtl. reaktivieren und in der Zwischenzeit neben dem Vorkommen ein neues hochziehen.

700mio Umsatz pro Jahr für die nächsten 50 Jahre. Und das bei einer MarketCap von 12mio Dollar. Da hab ich schon Pommesbuden mit ner höheren Bewertung gesehen. Die hatten allerdings kein Erz für 35 Milliarden in der Hinterhand.

Eigentlich müsste PLL explodieren wenn sich das rumspricht. Ich hoffe mal des beste. Vielleicht mein erster Dausender. *g*

Und wieder über eine Million Shares gehandelt. Da kommt Bewegung in die Bude!

Berechtigterweise ;-) Hier mal der 3-Jahres-Chart

Ihr habt bis heut Nachmittag noch genug Zeit um Euch zu informieren. Und dieser Wert ists Wert!

genutzt hat, der muss nun etwas teurer einsteigen, aber was soll`s.

Bei dem Potential ist es egal, ob man bei 0,3 oder 0,5 Euros einsteigt!


Jaaaaaaa!! Ich freu mich ;-) +20%

Uuunglaublich!!!

Das würde heißen, rein von der Umrechnung her, stehen wir am Montag bei über 0,50 €!!

Da ich Mitte/Ende nächster Woche mit Gewinnmitnahmen rechne, werde ich nochmal nachlegen.
Wenn die Finanzierung bekannt gegeben wird, gibt es dann nochmal einen ordentlichen Schub. Ich rechne mal auf Jahresende-Sicht mit 4 bis 5 CAD!

aktuell bei 0,56€, + 30%!

Mal schauen, wie es heute in Toronto an der kanadischen Börse weitergeht.
Vielleicht mal eine Verschnaufpause, um dann weiter gen Norden zu klettern, denn die eigentlich entscheidenden News kommen ja erst noch (in Kürze).

Der heutige Verlauf zeigt mir auch, dass es bei diesem Rohstoffwert völlig egal ist, ob man zu 0,30 € einsteigt, oder zu 0,50 €, denn der Kurs wird bald ganz anderes aussagen $$$
Bei dem Potential, was unter der Palladon-Erde steckt, ist die momentane Marktkapitalisierung immer noch weit vom reellen Wert entfernt :-)

aktuell 0,65 €. Das heißt für mich - seit dem 16.02.05 etwa 110% Kursgewinn ;-)

Gruß an alle Mitinvestierten :-)

Das heißt, morgen bei etwa 0,75 €!

Langsam wird mir schwindelig. Die Insti`s wollen halt auch noch rein ;-)
Das bestätigt nochmal das Potential, was in Palladon steckt!!

von 50% der Mountain Lion Iron Mine:
www.cdnx.com//data/lcdb/DOCP/APR2005/V%23NZ01%21.DOC

Im Prinzip können die Morgen anfangen die 12mio Tonnen, die dort auf Halde liegen abzubauen. Wir reden hier von rund 10 Mio Dollars Gewinn pro Jahr für Palladon. Bei 30 Mio Aktien und einem Kurs von 75 Cent kann sich jeder selber ausrechnen wie gut die Chancen hier sind wenn man nur mit einem KGV von 10 rechnet.

Kann man die Kohle auch gleich verbrennen.

With a train holding up to 100 cars and limited to 180,000 pounds per car, Palladon could be filling and shipping a full trainload of iron ore every three days at 9000 tons per train to achieve the 1 million ton per year goal. I know they will do this because it generates cash and all the other alternatives generate more profit total but require both time to plan and money to create.

2. An alternative to shipping what is relatively low-grade ore is to build a processing plant to upgrade the material to produce iron nuggets. When you ship 42% Fe, you also ship 58% waste rock. And shipping is a giant component of the price of steel. Ocean Freight rates were as low as $10-$15 a ton up until 2002 when increased Chinese demand for all raw commodities caused rates to increase up to 400%. Freight was often the biggest cost in both grains and iron shipments.

By building a facility to process pelletized ore through the " Mesabi Nugget ITmk3" process (sorta rolls off your tongue, doesn't it?) Palladon could create a 96% Fe nugget suitable for shipping directly to steel mills anywhere within economic shipping distance. The plant would add a lot to capital costs but would cut shipping costs 50% and add great value to the ore. The " nuggets" would be suitable for direct feed into other steel mills across the country.

3. The third alternative probably makes the most sense but costs the most money. That is to build a modern state-of-the-art steel mill next to the rail loading facility and go into production of cold rolled steel with a value of $700 a ton and produce 1 million tons of steel a year.

George estimates a cost of slightly over $1 billion to build but the ROI would be incredible. Palladon would have a giant-sized competitive advantage due to the central location with cheap rail cost to the West Coast markets.

George's Power Point presentation where he briefed the Governor of Utah and his staff on February 4th and a brilliant report.

It's a pretty easy concept to understand if you have all the written materials. But nothing beats a physical visit to the site. Dr Wray's report compared the Net Present Value (NPV) of the mine/1 million ton mill to both a copper mine/mill and a gold mine/mill. If you compared it to the copper producer, the copper mill would ship 220,000 mt/yr and have a NPV of $35.2 billion over the 50 year life of mine and the gold company would produce 1.6 million ounces a year over its 50 year life with a NPV of the same $35 billion. Clearly the iron project involves some giant numbers. The biggest difference is that banks will easily finance steel projects over gold projects.

You can see the dumps from quite a distance but don't get a feel for the size of the operation until you get closer. By the time we got within range of the crushing and loading facility, I realized it was really a big operation.

I'm not a mining engineer but I'd guess there is some $2-$5 million in loading equipment and three sets of tracks in the railroading siding. All that costs money to buy and time to build. The day Palladon closes on this deal, it all belongs to them.

We looked over the conveyor system and rail loading facility and then went up the hill to look at the mine. It really is an impressive operation. There is a giant stockpile of ore right next to the conveyor system and it's easy to see how they could have ore shipping in a matter of a few months.

It's easy to see the high-grade iron ore in the stripped areas. This is a mine with a mine plan, a permit and it's ready to rock and roll

If you like iron, and who wouldn't after the 71.5% increase in price announced six weeks ago, you have to love Palladon (PLL-V $.75 Canadian 26.8 million shares) Palladon announced the deal to buy 65% of the Comstock/Mountain Lion iron project in SW Utah in February. Last Thursday they announced the final purchase from the Bankruptcy Court. The deal has gotten more convoluted over time, now they will own 100% of the project but paid for it with a 6 month short term loan from a major shareholder. I like the new deal because it gives them all the incentive in the world to actually get to work. Most mining companies are geared to taking their time and that's a bad way to do business. All managements should run their companies as if they have a fire lit under them but they don't. Palladon has 6 months to get up to snuff.

I believe that in six months they will be up and cranking and any financing done to finalize the purchase of the iron mine will be done at a far higher stock price. They have $250 million dollars worth of lower grade iron sitting in a stockpile already mined. If they can't figure out how to make money off that after a 71.5% price rise in iron, they won't deserve the deposit. Palladon is a possible ten bagger or more depending on just how soon CEO George Young can get his team motivated.




Die haben durch Glück für 10 Millionen $ Eisenerzvorräte ergattert, die in den nächsten 50 Jahren Einnahmen (bei Bau eines Stahlwerks) bis zu 35 Milliarden $ bringen könnten. Auf Basis der aktuellen Stahlpreise.

Palladon gehören 50% dieses Projekts.

Palladon ist aktuell nur mit einem Bruchteil dessen bewertet, was allein Das Erzgestein auf Halde wert ist. Von der restlichen Mine und weiteren Projekten ganz zu schweigen. Recht viel unterbewerteter kann eine Aktie eigentlich nicht sein. Und das ist keine virtuelle Luftblase wie Google, der aktuelle Wert ist mit hunderten Hektar Eisenerzland abgesichert. Risiko ist m.M nach gleich NULL. Chance selbst konservativ gerechnet rund 400 Prozent.


Den ganzen Artikel unter:
www.321gold.com/editorials/moriarty/moriarty041805.html

www.321gold.com/editorials/maund/maund041805_pll.html

The Company is also pleased to announce the appointment of Donald G. Foot, Jr. as a Director. Mr. Foot will also serve as Vice President of Palladon Iron Corporation, the Company's newly-formed subsidiary. Palladon Iron is a Utah corporation formed for the purpose of holding and operating the Iron Project. Mr. Foot has been involved in the minerals industry for 30 years as a metallurgical engineer specializing in magnetic separation and other aspects of mineral processing. He holds a Masters in Engineering Administration and a B.S. in Metallurgical Engineering from the University of Utah. Mr. Foot has been president of Paradise Development Corporation, Worldwide Director of Minerals for EIMCO Process Equipment Company, President and CEO of Pyramid Resources, and a Research Supervisor for the U.S. Bureau of Mines. Mineral processing technologies developed by Mr. Foot, especially in column flotation, are used throughout the world. He has authored and co-authored more than 50 technical publications, holds nine patents in mineral processing, and has made numerous technical presentations worldwide.

Palladon president George Young said " We are excited to have all aspects of the closing and the posting of the bond completed. We are also pleased that Don Foot has joined our management team. He brings a wealth of experience in mineral processing and project management that we will utilize in both our iron and copper operations. We expect to proceed rapidly with the development of the project now that the acquisition is completed, with an emphasis in the short term of generating a cash flow from ore purchase contracts."

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

George S. Young, President, Director

Palladon Ventures Ltd.
Hamish Greig
Corporate Communications
(604) 484-7088
(604) 484-7044 (FAX)
info@palladonventures.com
www.palladonventures.com

Könnte ein echter Spass werden. Wenn nichts dazwischen kommt verwandelt sich PLL an diesem Tag von einem Junior Explorer zu einer Mining-Gesellschaft. Die aktuelle Bewertung wird dann nur noch ein schlechter Witz sein!

am 25.07 beginnt die Produktion.

Damit ist George Young gerade auf Roadshow in Deutschland und der Schweiz.
www.palladonmining.com/i/pdf/palladongeneral7.8.05.pdf


Aus dem Review:

> $15-20 M Profit Margin on 1 M Tons per Year <
> First Shipment - Late Summer 2005! <



Spätestens im Herbst ist Palladon mit min. 50% an einer produzierenden
Eisenmine beteiligt. Rechnet Euch selbst aus, welche Bewertung hier
fair ist. Ich wette Ihr kommt auf einen gaaaaanz anderen Wert als den,
der Momentan bezahlt werden muss.

Seit drei Tagen erhöhtes Volumen. Also haut rein.

Palladon

Sehr konservativ, aber selbst die sehen auf Basis der aktuellen Kurse rund 50% Potenzial. In der Analyse wird allerdings mit 1Mio Tonnen pro Jahr gerechnet, inzwischen wurde das Ziel vom Management auf eine Jahresmenge von 3Mio angehoben.

Wie gesagt, rechnet es Euch selber aus. Welche Bewertung hier fällig wäre.

Mit min. 10Mio/Jahr Gewinn und einer aktuellen MarketCap von 22Mio.




Palladon picks Gilbert for contract mining at Comstock


2005-07-14 21:31 ET - News Release

Mr. George Young reports

Palladon Ventures Ltd. has selected Gilbert Development to conduct contract mining at the Comstock iron mine in Iron county, Utah. Gilbert will mobilize immediately to commence first phase mining activities. Palladon plans to produce iron ore concentrate for sale to domestic and international customers.

Gilbert has been a mining contractor for over 30 years and has extensive expertise in crushing and magnetic separation. In 1983, the firm began contract mining for USX and Geneva Steel on the Comstock iron mine. Between 1983 and 1997, Gilbert moved over 50 million tons of iron ore and waste from the mine site. Following mobilization, Gilbert will commence mining high-grade zones of the pit in order to build stockpiles for further processing and shipment.

Don Foot, vice-president of Palladon Iron, said: " Gilbert brings to Palladon intimate knowledge and experience in the Comstock iron project. Their extensive year-round experience in mining and loading at the site will provide great assistance in the resumption of mining activities and will enhance our ability to provide consistent product to the marketplace. Gilbert also holds the highest rating in safety from MSHA and OSHA, a point that is very important to Palladon."

Qualified person and quality assurance and control

Donald G. Foot, who holds a degree in metallurgical engineering from the University of Utah, has over 30 years of experience in mineral processing, beneficiation equipment design, marketing and sales, and executive management. He has acted as a qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein relating to the Comstock iron project.

Palladon President George Young said, " The sales contract represents a significant step for the Company. Revenues from this contract will help strengthen our balance sheet, and in turn will enable us to advance with feasibility work on the iron project in evaluating other avenues of development. We will also be better enabled to continue with our exploration and development work at the Western Utah Copper District and on our gold projects in Nevada and Argentina."

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

George S. Young, President, Director


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

CONTACT INFORMATION

Palladon Ventures Ltd.
Hamish Greig
Corporate Communications
(604) 484-7088
(604) 484-7044 (FAX)
info@palladonventures.com
www.palladonventures.com

es wohl auch der letzte gelesen.

Kurs zieht kräftig an.

Realtime:
12:13:23  0,680  +23,64%  
+0,130  
 Taxe  Stück  
Bid:  12:13:40  0,650  10.000  
Ask: 12:13:40  0,700  10.000  


Man spricht im Nachbar Board schon
von Kursen Heute um den 1.- €.

Ist wohl eine Hammer News.

Und das mir keiner käuft. Man könnte
ja einen fetten Gewinn einfahren.  

endlich hats mal jemand bemerkt! Hatte mir schon vorgenommen nicht mehr zu posten, wenn jetzt immer noch keiner Blickt was das hier für eine Perle ist.

bei den Arivanern immer etwas
länger. Und die gehen auch nie
dann rein wenn man den Tip gibt
sondern erst wenn das Teil 10
oder 20 % vorne liegt.

Und wehe es geht dann zurück.
Dann ist der Tip Geber der Buhmann.

Wären sie gleich rein wären sie ja
von Anfang an im Plus.

Aber nei die machen es halt anderst.

Verstehe wer will aber ich nicht.

" + 25% so far in Frankfurt. climb will extend into coming days to much higher levels. With immediate and significant cash flows without further capital outlays, this should be a $2 in no time."

Also wenn das sich nicht gut anhört.

ich bin auch schon wieder draußen
30% über Pari ging noch nie gut

weitermachen

schon Vorbörslich.

CAD 0,93 = Euro 0,62

Und scheint weiter zu steigen.

Also wir reden hier vom Bid.

Also denke da wird es heute auch
noch gut zur Sache gehen.

Bis Start drüben vielleicht schon 1.-.

1,01  

Muss man das verstehen.

Palladon converts Luxor financing to term loan


Palladon Ventures Ltd (TSX-V:PLL)
Shares Issued 29,243,038
Last Close 8/26/2005 $0.62
Friday August 26 2005 - News Release

Mr. George Young reports

PALLADON VENTURES LTD. ANNOUNCES RESTRUCTURED FINANCING AND IRON PROJECT TRANSACTIONS

Palladon Ventures Ltd. has agreed with Luxor Capital Partners LP, subject to standard closing conditions and exchange approval, if required, to restructure the pending transactions covering the Mountain Lion/Comstock iron project. The pending convertible debenture financing will be withdrawn, and the parties will restructure the $10.3-million (U.S.) plus accrued interest, closing costs and other advances outstanding under the bridge loan, which was used to acquire the project, into a term loan at an interest rate of 9.25 per cent payable over five years. As a part of the restructuring, Luxor will acquire 50 per cent of the project, 35 per cent from Palladon's joint venture partner Western Utah Copper Company and 15 per cent from Palladon. Consideration for the 50-per-cent purchase will include $3.0-million (U.S.) in direct acquisition cost and $600,000 (U.S.) in forgiveness of legal and financing fees. In addition, Luxor will contribute $500,000 (U.S.) of equity to the project and advance $1.4-million (U.S.) for general corporate purposes under the new term loan (bringing the total amount outstanding under the term loan to $12.75-million (U.S.)). Upon consummation of the transaction, Palladon will use a portion of the $1.4-million (U.S.) committed to general corporate purposes to fully vest in the Western Utah copper project. Additional loan proceeds will be set aside to finance the company's pro rata equity contribution to the project. Luxor will also be granted two-year warrants to purchase Palladon common stock as follows: 1.5 million shares at 82 cents, one million shares at 92 cents and one million shares at $1.

Proceeds of the transaction will enable further advancement on the iron project. Palladon recently signed an agreement to sell one million metric tonnes of iron ore over a 12-month period to a Chinese purchaser, and intends to service the term loan through proceeds of iron ore sales.

Accordingly, the company will not be placing shareholder resolution item 7 and item 8 before shareholders at the annual general meeting Monday, Aug. 29.

Palladon president George Young said: " This represents a major step forward for the company and the iron project. We have been able to acquire a first-class portfolio of mineral projects, have solidified the ownership and capital structure of the company with limited dilution, and have secured a committed long-term financial partner in Luxor Capital."

© 2005 Canjex Publishing Ltd.

ist viel besser als der Alte. Jetzt tritt viel weniger Verwässerung ein als bisher geplant. Die letzte Unsicherheit ist nun auch raus.

Der September wird bestimmt ein klasse Monat!

Über 17% im Plus!!! Da ist was im Kommen!!!

In addition, Luxor has acquired a 50-per-cent interest in the iron company with the payment of $3-million (U.S.) and the forgiveness of fees and expenses which would otherwise be payable under the loan. Out of the proceeds, the company has paid a $500,000 (U.S.) finder's fee to Western Utah Copper Co. the company's former joint venture partner for the iron project, and Western Utah Copper Co. has provided a release of any further claims or interest in the iron project or the iron company. The company anticipates repayment of the loan from revenue that it will receive from the operation of the iron project, including revenue under its sales contract for the sale of iron ore to China that was announced in Stockwatch on Aug. 2, 2005.

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....

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)

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

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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

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Source: Palladon Ventures Ltd.