Thelon Capital Ltd.
TSX VENTURE : THC
FRANKFURT : TFHC

Thelon Capital Ltd.

April 07, 2010 09:00 ET

Thelon Capital Ltd.: Corporate Update to Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2010) -

Dear Shareholders,

Thelon Capital Ltd. (Formerly Thelon Ventures Ltd.) (TSX VENTURE:THC)(FRANKFURT:TFHC) has recently completed restructuring the Company which included a consolidation of the Company's common stock on a 1:10 basis, settling all its debt and completing a equity financing in the amount of $400,000. The company currently has 10,962,640 issued and outstanding. We feel this structure will give us the ability to move forward and maximize shareholder value on an ongoing basis.

Thelon Capital Ltd. still maintains its current assets. We hold a 19% interest in the Pasfield Lake Uranium Project which is joint ventured with Triex Minerals, 35% interest in the Lac De Gras Diamond project which is joint ventured with Peregrine Diamonds and a 75% interest in the Four Corners Uranium Project. For more information on our projects please visit our web site @ www.thelonventures.com.

The company is currently assessing exciting new Projects and opportunities. On behalf of myself and the board of directors we thank you for your patience and ongoing support.

Jason M. Walsh

THELON CAPITAL LTD.

On behalf of the Board of Directors

Per: Jason Walsh, President

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

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