Nitrile rubber, NBR, is one of the important elastomers in rubber industry. It has good mechanical properties and high resistance to nonpolar oils. These advantages and its good flexibility makes this elastomer useful in many areas of applications. The blending of this elastomer with phenolic resin, a low cost and high temperature resistance resin, offers different applications particularly in high temperature environment. They are, therefore, being used as a structural adhesive, ablators and heat shields. In this paper, The effects of phenolic novolack resin and its amount have been investigated on the thermal properties of nitrile elastomers. Results show that the increasing phenolic resin up to 65% shifted the Tg towards higher temperatures. The storage modulus increased and the amount of its variation over broad range of temperature is decreased. Thermal gravimetric analysis also showed the significant increase of thermal stability of these blends. By adding the phenolic resin, the coefficient of thermal conductivity (k) of phenolic-nitrile blends has increased, but the coefficient of thermal expansion (a) and heat capacity (Cp) are independent of the amount of phenolic resin.