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File: EDOCS-#121788-v6-THC_Press_Release_Announcing_Acquisition.docx

THELON CAPITAL LTD. Suite 1500 - 888 Dunsmuir Street Vancouver, BC  V6C 3K4 
THELON CAPITAL LTD. ANNOUNCES THE ACQUISITION OF TWO MARIHUANA FOR 
MEDICAL PURPOSES LICENSE APPLICANTS
 Vancouver, B.C., February 4, 2015 - Thelon Capital Ltd. ("THC" or the "Company") is pleased to announce the acquisiti
--->on of two MMPR license applicants: THC Meds and T.H.C Medical Systems (the "THC Companies"). 
Through the completion of a share exchange agreement, Thelon acquired 100% of the issued and outstanding shares of eac
--->h of the THC Companies and will change its business to becoming and operating as an MMPR Licensed Producer and the res
--->earch & development of products and services related to medical marihuana. Both THC Companies have applications with H
--->ealth Canada for Producer's Licenses under Canada's Marihuana for Medical Purposes Regulations ("MMPR.") THC intends t
--->o cultivate medical marihuana and conduct scientific research and development in order to offer products and services 
--->through two revenue streams: (a) medical marihuana sales to other MMPR Licensed Producers and (b) products and service
--->s related to medical marihuana.
THC has appointed John Miller as its President and CEO. Mr. Miller is the Senior Person in Charge and will head THC's 
--->efforts to obtain the MMPR licenses.
T.H.C. Medical Systems Ltd. ("T.H.C. Medical") has an existing 6,000 sq. foot facility in Kelowna B.C. The Facility ha
--->s been outfitted with a state of the art, integrated security system for meticulous record keeping. An on-site analyti
--->cal laboratory is equipped with the required instruments, such as a High Performance Liquid Chromatography detector ("
--->HPLC"), to determine active cannabinoids present in Reference Standards. THC Medical Systems grew marihuana for resear
--->ch and development purposes under a Section 56 Exemption of Canada's Controlled Drugs and Substances Act, which was in
---> effect from August 2013 to August 2014. 
THC's previous activities of cultivating and conducting research on marihuana allowed THC to conduct analytical testin
--->g on-site for research purposes. Medical cannabis is still an emerging industry and THC believes that it is important 
--->that substantiated scientific data and evidence be published that will help educate the public and the medical communi
--->ty. THC aims to use its scientific research to break down barriers and encourage the responsible development of the me
--->dical cannabis industry. 
By providing scientific and biotechnological support services to a target demographic that includes current and potent
--->ial licensed producers under MMPR, THC intends to strengthen current industry standards, while establishing a robust a
--->nd safe source of medical marihuana.
On January 22, 2015, Health Canada conducted its pre-licensing inspection of the Company's existing facility in Kelown
--->a. We look forward to Health Canada's feedback as we strive for continuous quality improvement.  
There can be no assurance that the Company will obtain an MMPR license. In the event the Company does not obtain an MM
--->PR license, it will focus on the other aspect of its business, namely the supply of goods and services related to the 
--->medical marihuana business.
THC acquired 100% of the issued and outstanding shares of the THC Companies in exchange for consideration of 56,976,24
--->6 of its common shares. There are an additional 26,823,751 earn out shares that may be issued to the former shareholde
--->rs of the THC Companies on the accomplishment of certain milestones: 16,600,000 to be released in the event that an MM
--->PR license is granted by Health Canada to one of the two subsidiaries and 10,233,751 to be released pending the remova
--->l of certain potential liabilities of the THC Companies. 
In addition to appointing Mr. Miller as the company's new President and CEO, THC has also appointed Mr. Miller to its 
--->Board of Directors.  Hee Jung Chun, the President of both THC Companies has been named to The Board of Directors, as w
--->ell as George Smitherman of Toronto, Ontario. Jason Walsh and Geoff Watson have remained on the Board.
Scott Walters, Mark Tommasi and John Roozendaal have resigned from the Board. Scott Walters has also resigned as Presi
--->dent and CEO.
On January 14, 2015, as a condition precedent to the closing of the Share Exchange Agreement, the Company completed a 
--->Plan of Arrangement with Thelon Diamonds Ltd. in which the Company vended out its interests in the joint venture in di
--->amond mining with Peregrine Diamonds Ltd. and the related mineral leases in exchange for 2,260,000 common shares of Th
--->elon Diamonds Ltd. The Company immediately distributed the Thelon Diamonds shares to its shareholders as of the record
---> date of October 21, 2014.
THC has received conditional approval for the listing and trading of its common shares on the CSE.  
ON BEHALF OF THE BOARD OF DIRECTORS
John Miller, President & CEO
Thelon Capital Ltd. E: info@thcbiomed.com
T: 1.844.THC.MEDS

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold 
--->in the United States absent registration or an exemption from registration.
Forward-Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements
---> or information are based on current expectations, estimates and projections that involve a number of risks and uncert
--->ainties which could cause actual results to differ materially from those anticipated by the Company. Forward-looking s
--->tatements in this release include (a) the Company will change its business to becoming and operating as an MMPR Licens
--->ed Producer and the Research & Development of products and services related to medical marihuana, (b) the Company will
---> use its scientific research to break down barriers and encourage the responsible development of the medical cannabis 
--->industry and (c) the Company will strengthen current industry standards, while establishing a robust and safe source o
--->f medical marihuana. The forward-looking statements or information contained in this news release are made as of the d
--->ate hereof and the Company does not undertake any obligation to update publicly or revise any forward-looking statemen
--->ts or information, whether as a result of new information, future events or otherwise, unless so required by applicabl
--->e securities laws.