THC Thelon Capital Ltd.

Thelon Capital Ltd. (TSX VENTURE: THC)(FRANKFURT: TFHC) is pleased to announce that it has employed the services of INNOVATIVE RECLAMATION TECHNOLOGIES & ENGINEERING CO., INC. (IRTEC) to perform and direct the exploration and reserve analysis for the JELLICO COAL PROJECT. The firm is owned and operated by Timothy K. Sloan, PE, PLS.

IRTEC is the foremost engineering firm in the region and Mr. Sloan has an extensive knowledge of past mining in the Appalachian district as well as working for all the current major coal clients in the area. By employing the services of Mr. Sloan's organization, Thelon will dramatically speed up the exploration and development process as well as reduce the costs of the project. IRTEC is compiling the known data and continuing the permitting and mine plan. This information is being gathered simultaneously with the ongoing exploration. Mr. Sloan will prepare the 43-101 report for the JELLICO COAL PROJECT. Thelon is indeed very pleased to be working with Mr. Sloan and his very talented Team.

Thelon President Jason Walsh comments, "We are very excited to have the opportunity to work with Mr. Sloan and IRTEC on furthering our goals of Coal production in the Appalachians. He brings extensive knowledge of permitting, advanced reclamation processes and development in the US Coal industry. We look forward to working with him and his team as we continue to advance the Jellico Coal Project."

THELON CAPITAL LTD.

On behalf of the Board of Directors

Jason Walsh, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

Contacts: Thelon Capital Ltd. Jason Walsh President (604) 682-1643 (604) 682-1666 (FAX) www.theloncapital.com