Thelon Ventures Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported loss before interest income and net loss of CAD 43,984 compared to loss before interest income of CAD 224,564 and net loss of CAD 223,628 for the same period last year. Net cash used in operating activities for the period was CAD 124,150 compared to CAD 101,331 for the same period previous year. For the six months, the company reported loss before interest income of CAD 147,385 and net loss of CAD 147,229 or CAD 0.00 per share compared to loss before interest income of CAD 771,471 and net loss of CAD 766,710 or CAD 0.01 per share for the same period last year. Net cash used in operating activities for the period was CAD 169,854 million compared to CAD 419,622 for the same period previous year. Expenditure on acquisition of mineral properties for the period was CAD 33,333 compared to CAD 152,813 for the same period last year.

Thelon Ventures Ltd. announced unaudited earnings results for the second quarter and six months ended March 31, 2009. For the quarter, the company reported loss of CAD 49,603 and loss before interest income of CAD 49,603 compared to loss of CAD 232,758 and loss before interest income of CAD 233,439 for the same period last year. The company reported net cash used in operating activities of CAD 69,457 compared to CAD 144,069 for the same period last year. The company reported acquisition of mineral properties of CAD 33,333 compared to CAD 8,874 for the same period last year. For the six months, the company reported loss of CAD 103,574 and loss before interest income of CAD 103,730 compared to loss of CAD 543,584 and loss before interest income of CAD 547,409 for the same period last year. There is no basic and diluter per share for the six months ended March 31, 2009 compared to CAD 0.01 basic and diluter loss per share for the same period last year. The company reported net cash used in operating activities of CAD 115,161 compared to CAD 318,291 for the same period last year. The company reported acquisition of mineral properties of CAD 33,333 compared to CAD 42,207 for the same period last year.

Thelon Ventures Ltd. announced that Triex Minerals Reports that two vertical holes were completed on the property, for a total of 2,116 meters. Both holes targeted the trace of the regional Cable Bay shear zone east of the lake, and east of the basement uplift block discovered under the central part of the lake during 2007 drill programs. Drill targets were the integration of surface geochemical anomalies with geophysical features, including basement conductors, gravity lows and changes in near-surface resistivity. Hole PF09-007 intersected the unconformity at 906 m, the 'regional' depth of basement based on historic drill holes northwest of the property. In Drill Hole PF09-007, iron staining and spotted hematite alteration was throughout Athabasca Group sandstone (see photo on website). Strong radioactivity (5 times background and up to 600 cps) was measured over an extensive width (40 meters) immediately above the unconformity. More than 20 meters of pervasive chlorite alteration in fault breccia was intersected in the basement below the unconformity. In Drill Hole PF09-008, quartz and siderite veins, veinlets and veinlet breccias were throughout Athabasca group sandstone cover (see photos on website).