Road Town, British Virgin Islands--(Newsfile Corp. - May 15, 2019) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2019 of $2.8 million or $0.01 per share (basic and diluted), which was primarily the result of a loss on the fair value revaluation of the Resource Capital Fund VI L.P. unsecured convertible loan ("RCF Loan"), stock option compensation and administration expenses.

This compares to a net loss for the three months ended March 31, 2018 of $2.0 million or $0.02 per share (basic and diluted), which was primarily the result of a loss on the fair value revaluation of the RCF Loan and administration expenses.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2019 amounted to $12.0 million before a recovery of $4.8 million related to the sale of a net smelter returns royalty to a subsidiary of Triple Flag Mining Finance Bermuda Ltd. This compares to $0.2 million for the three months ended March 31, 2018. The total net capitalized exploration cost on the Tamarack Nickel-Copper-Cobalt Project to March 31, 2019 amounts to $47.2 million.

Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2019 and 2018, together with Management's Discussion and Analysis, have been filed on SEDAR and are available at .

About Talon

Talon is a TSX-listed company focused on producing nickel responsibly for the electric vehicle industry. The high-grade Tamarack Ni-Cu-Co Project is located in Minnesota, USA (which comprises the Tamarack North Project and the Tamarack South Project). The Company has a well-qualified exploration and mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company's website at or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416) 361-9636 x102
Email:

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