Thelon Capital Ltd.

Thelon Capital Ltd.

September 12, 2007 08:00 ET

Thelon Ventures Ltd.: The Drill is Turning on Pasfield Lake Uranium Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2007) - Thelon (TSX VENTURE:THV)(FRANKFURT:TFH) is pleased to announce that a six to eight week, 3,500 metre diamond drill program has commenced at the Pasfield Lake property located in the eastern Athabasca Basin in northern Saskatchewan. It is 35 kilometres south of the road that connects Points North and Stony Rapids, and 60 kilometres northwest of the Cigar Lake Mine, the second largest high-grade uranium deposit in the world.

A fence of four holes is planned across the regional structure that bounds the western margin of the basement uplift block. The block is roughly eight kilometers across as defined by previous airborne and ground geophysical surveys, and confirmed by first-pass drilling in the spring. The basement was intersected at 300 metre depth, compared to depths of 900 metres regionally (see news release dated May 1st, 2007). Holes will be down-hole probed with a Mount Sopris 2PGA-1000 poly-gamma probe. Geochemical samples of core will be processed at the Saskatchewan Research Council laboratories in Saskatoon, Saskatchewan.

Continued first-pass drilling is planned for the winter drill season of 2008, which starts next January.

Triex has the right to acquire an 80% interest in the Pasfield Lake property from Thelon Ventures Ltd. (see News Release dated March 28, 2006). Triex currently owns 60% and is the Operator. The property consists of 16 claims covering a total area of 66,811 hectares.


On behalf of the Board of Directors

Jason M. 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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