Well it looks like management is pasting the CFO $150,000 a year payout position around again to another director.

Mr. Leonard J. Sojka must have pulled the short straw this time like Mr. Clark did back in April. He is most likely saying to him self that I Hope I can milk this job until the next AGM and the next director on the list can take the lottery payout next year.

BTW do any of these directors even live near the home office. I think most of them live in Texas and have to jet them selves in and stay at the best hotels to conduct business on the share holders dime.

Palladon Announces Appointment of New Officer?

From:	Palladon Ventures Ltd. (info@palladonventures.com)
Sent:	October 29, 2009 5:06:29 PM
To:

=======================================================================
Re:   Press Release - Thursday, October 29, 2009
Palladon Announces Appointment of New Officer
=======================================================================

Salt Lake City, UT, October 29, 2009.  Palladon Ventures Ltd.
("Palladon" or the "Company") (CDNX: PLL.V) (Frankfurt: PV-1) is
pleased to announce that Mr. Leonard J. Sojka, the Company's Interim
Secretary and director, has been appointed as the Chief Financial
Officer and the Secretary of the Company.

The Company also wishes to announce that Mr. Jeffrey D. Clark has
resigned as the Interim Chief Financial Officer of the Company.  Mr.
Clark will remain as a director of the Company.  The board wishes to
express its thanks to Mr. Clark for serving as the Interim Chief
Financial Officer.

On Behalf of the Board of Directors,
John W. Cutler
President & CEO

About Palladon

Palladon Ventures Ltd. is a junior resource company focused on
advancing the Iron Mountain Project, an iron ore mine located west of
Cedar City, Utah.

For Further Information Please Contact:
John W. Cutler
President & CEO
Palladon Ventures Ltd.
801.521.5252 Tel
801.521.5454 Fax
Email: info@palladonventures.com
Website: www.palladonventures.com