THC Thelon Capital Ltd.

Thelon Capital Ltd. (TSX VENTURE:THC)(FRANKFURT:TFHC) would like to report it
has applied to extend the warrant expiration date of 648,000 warrants issues on
Feb 26, 2010 exercisable at $0.30. The new expiry date will be March 26, 2013.


The company would also like to announce that effective Feb 14, 2012 George Heard
has resigned as Director and CEO. Jason Walsh will resume the role of CEO.


THELON CAPITAL LTD.

On behalf of the Board of Directors 

Jason Walsh, President

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