CEDAR CITY - Palladon Iron Corp. has initiated operations at the Iron Mountain facility near Cedar City in anticipation of the first shipment of iron ore from the site during the third quarter of 2008.

Palladon Iron's staff is now on site at the mine as work in all aspects of the operation moves forward.

Palladon Iron Corporation (Iron Bull Mining & Milling) has received approval of the Amended Notice of Intention to Commence Large Mining Operations, from the Utah State Division of Oil, Gas and Mining, pending payment of a small additional reclamation bond. This approves the new dump designs and allows Palladon Iron to resume all mining activities.

Palladon Iron signed a contract with a rail contractor to upgrade the existing 14.6 mile short line from the mine load-out facility to the interchange tracks at Iron Springs.

"Things are moving ahead rapidly at the site as our mine office is fully functional and our contractors are diligently working to get the mine into operation and begin shipments," said Donald G. Foot Jr., President and CEO of Palladon Ventures, Ltd.

Palladon Ventures Ltd. has announced the company will hold its Annual General Meeting on Wednesday Sept. 17 at 9 a.m. at the company's corporate offices in Salt Lake City.