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Palladon Ventures Ltd.-Director Changes

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/16/14 -- Palladon Ventures Ltd. (TSX VENTURE: PLL) ("Palladon" or the "Company") announces that Robert Getz has resigned from its board of directors as of January 15th. The company wishes to thank Mr. Getz for his dedicated service and significant contributions since joining the board in 2008. Importantly, Mr. Getz will continue to serve as the Palladon designee on the board of directors of CML Holdings, Inc.

The Company is pleased to announce the appointment of Kevin J. Lynch to the board of directors. Mr. Lynch is a private investor. His background includes having been a partner and portfolio manager at JANA Partners LLC from 2001 to 2010, as well as other investment and private equity experience. Mr. Lynch earned a BS in Finance from Penn State in 1990 and an MBA from Columbia Business School in 1999. Mr. Lynch also holds the CFA designation.

John Cutler, CEO of Palladon Ventures, commented: "We were very fortunate to have had Mr. Getz on our board these past five years. His tenure spanned some turbulent times when his experience and counsel were crucial. We are also pleased that Mr. Lynch has agreed to join our board and look forward to his contributions."

About Palladon Ventures Ltd.

Palladon owns a significant minority interest in CML Holdings, Inc., which is focused on advancing the Iron Mountain project, an iron ore mine and concentrate processing plant located west of Cedar City, Utah.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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