NewswireTODAY - /newswire/ - New York, NY, United States, 2007/11/04 - Spot uranium price indicator at US$84/pound and December uranium futures close the week ending Nov 2, 2007 at $98.00. Uranium Miner Journal has published a review on Thelon Ventures Ltd. offering insight and opportunity afforded investors.

Uranium Miner Journal has updated its weekly spot price indicator and published a review on Thelon Ventures Ltd. (TSX VENTURE: THV)(Frankfurt: TFH). The review offers insight and opportunity afforded investors as Thelon possesses 5 highly prospective projects of significance that are likely to generate near term catalysts for investors with active drilling programs on 2 key uranium projects;

1) Pasfield Lake Project, Athabasca Basin: Thelon was able to confirm the geological structure below their Pasfield Lake project has 3 fault zones with depth to basement of 300m and evidence supports the postulation of professionals regarding a significant uranium deposit under the lake. Drilling on now.
2) Four Corners Uranium project, Utah: A radon survey has identified four "high priority" targets in October. Follow-up radon surveys will be conducted over the course of the next coming weeks to confirm the results of the widely spaced sample points and delineate and prioritize drill targets.

Additionally Uranium Miner's Market Price Review reported the weekly spot uranium price indicator at US$84/pound and December uranium futures closing the week ending Nov 2, 2007 at $98.00.
The article and market price review can be viewed online for the month of November and December.

Excerpts from Editors Notes of the Feature Article:
"Thelon Ventures Ltd. (TSX-V: THV) (Frankfurt: TFH) now appears disproportionately undervalued relative to the magnitude of its holdings, J.V.'s, prospects, and developments. Thelon's management has added several quality uranium projects and maximized shareholder value by keeping the outstanding shares to only 60M. Now trading at under a mere $0.15 cents, the market cap of Thelon is poised for upside valuation movement with a number of potential catalysts currently in the works..."

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Reports herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the disclaimer and disclosure section at the bottom of the URL related to the aforementioned review.

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