Palladon Ventures Ltd. reported audited consolidated earnings results for the year ended February 29, 2012. For the year, the company has reported loss before other of CAD 712,759 compared to CAD 656,671 for the same period a year ago. Net income for the year was CAD 1,197,215 or CAD 0.04 per basic and diluted share compared to loss of CAD 605,220 or CAD 0.03 per basic and diluted share a year ago. Net income before income tax recovery was CAD 4,215 compared to loss of CAD 2,632,220 a year ago. Total comprehensive income for the period was CAD 9,555,202 compared to CAD 13,578,761 for the same period a year ago. Cash used in operating activities was CAD 443,256 compared to CAD 672,198 for the same period a year ago.