Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - August 14, 2023) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported 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. This compares to a net loss for the three months ended June 30, 2022 of $0.1 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation offset by foreign currency gains.

The Company's net loss for the six month period ended June 30, 2023 was $1.2 million or $nil per share (basic and diluted). This compares to a net loss of $1.3 million or $nil per share (basic and diluted) for the same period in the prior year.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended June 30, 2023 amounted to $10.7 million. This compares to $11.8 million for the three months ended June 30, 2022. The total capitalized exploration cost to the Tamarack Nickel-Copper-Cobalt Project to June 30, 2023 amounts to $178.9 million.
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