Road Town, Tortola, British Virgin Islands (August 14, 2024) – Talon Metals Corp. (“Talon” or the “Company”) (TSX:TLO) reported a net loss for the three months ended June 30, 2024 of $0.7 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation. This compares to a net loss for the three months ended June 30, 2023 of $0.6 million or nil per share (basic and diluted), which was primarily the result of administration expenses and foreign currency loss.

The Company’s net loss for the six months period ended June 30, 2024 was $1.0 million or nil per share (basic and diluted). This compares to a net loss of $1.2 million or nil per share (basic and diluted) for the same period in the prior year.

Capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended June 30, 2024 amounted to $6.1 million (net of government grants received of $2.5 million). This compares to $10.7 million for the three months ended June 30, 2023. The total capitalized exploration cost to the Tamarack Nickel-Copper-Cobalt Project to June 30, 2024 amounts to $219.9 million.

Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2024 and 2023, together with Management’s Discussion and Analysis have been filed on SEDAR+ and are available at www.sedarplus.com.

All amounts are presented in Canadian dollars.