High Grade Sulphides Drilled At Tamarack Project To Extend Mineralization

BRITISH VIRGIN ISLANDS — Talon Metals Corp. reported an update on the Tamarack Nickel-Copper-Cobalt Project, located in Minnesota. The Tamarack Project comprises the Tamarack North Project and the Tamarack South Project.

"We are excited by the results from this latest drill hole," said Brian Goldner, Head of Exploration. "The recent geophysical program that focused on running Borehole Electro-Magnetic surveys down existing boreholes has helped to refine off-hole anomalies into exciting new targets. The eastern limb of the high-grade Massive Sulphide Unit at the Tamarack Project has thick massive sulphide intercepts at both the north and south ends of the limb, but the middle had previously only produced thinner intercepts in historical drilling. With our high resolution BHEM we are able to show that the historic holes with thin intercepts in this zone have off-hole BHEM anomalies like the one drilled in 20TK0273, suggesting that there may be additional thick intercepts."

Talon has continued the ongoing drill program at the Tamarack Project with three recent drill holes focusing on expanding the high-grade massive sulphide mineralization from the current resource area. The recent geophysical program focused on running high resolution BHEM surveys with Talon's internal geophysical crew. Hole 15TK0219 was one of these holes that was resurveyed and produced an off-hole anomaly approximately 25 meters west of hole 15TK0219. Drill hole 20TK0273 was targeting the plate identified from the BHEM survey on 15TK0219 and intersected 8.39 metes (27.53 feet) of high-grade massive sulphide mineralization, starting at 414.73 meters (assays pending). The BHEM program has identified off-hole BHEM anomalies along the 140 meter zone of massive sulphide mineralization within the Company's resource area that could potentially result in finding additional mineralization.

Drill hole 20TK0272 was also located along the eastern limb targeting a BHEM plate identified from drill hole 15TK0220A and intersected 22.12 meters (75.6 feet) of weak to moderate sulphide mineralization, starting at 385 meters, including 1.35 meters of mixed massive sulphides (assays pending). A BHEM survey down this hold has identified an off-hole BHEM anomaly for potential follow-up. Drill hole 20TK0270 was testing a potential 150 meter extension from the current resource area on the western limb of the Massive Sulphide Unit ("MSU") and intersected a thin zone of mixed massive sulphides at the base of the intrusion.