Thelon Capital Ltd. (TSX VENTURE:THC) is pleased to announce that it has
arranged for a combined $400,000 Non Brokered Private placement and debt
settlement at .11 cents a unit. Each unit will consist of one common share and
one 2 year share purchase warrant exercisable @ .20 the first year and .30 the
second. This is subject to TSX Ventures approval.


There is a finders fee payable in connection with the Private Placement.

THELON CAPITAL LTD.

On behalf of the Board of Directors

Jason Walsh, President

Thelon Capital Ltd. (TSXV:THC)
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