If you only need a setting or two for a couple views, Context Processor may be overkill since it will add them to ALL views in your app. But if it's used in a lot of templates, Contest Processor is the way to go.
For the simple one off case just pass whatever setting you need from the view to the template:
from django.conf import settings
from django.shortcuts import render_to_response
def some_view(request):
val = settings.SAVED_SETTING
return render_to_response("index.html", {
'saved_setting':val
})
And access the setting in your template via:
{{ saved_setting }}