Palladon Ventures Ltd (PLLVF)

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News Release - February 07, 2011
Palladon Ventures Announces Effective Date Of Share Consolidation

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Palladon Ventures Ltd. ("Palladon" or the "Company") (TSX-V: PLL.V) is pleased to announce that further to receipt of the required shareholder and TSX Venture Exchange ("TSXV") approval, the Company intends to implement its previously announced proposed share consolidation (the "Consolidation") of all of its issued and outstanding common shares ("Shares") on the basis of one (1) post-consolidation share for every ten (10) pre-consolidation Shares.

Accordingly, effective at market opening on February 8, 2011, the Company's Shares will commence trading on the TSXV on a post-consolidated basis. Following completion of the Consolidation, the Company will have approximately 27,395,556 Shares issued and outstanding.

Letters of transmittal are being mailed to registered shareholders of Palladon requesting them to forward certificates representing their Shares to Olympia Trust Company in exchange for certificates representing the number of post-consolidation Shares of Palladon to which they are entitled in accordance with the instructions contained in the letters of transmittal. If a registered shareholder does not receive a letter of transmittal by February 28, 2011, please contact the Company at the contact information below.