TLO Talon Metals Corp

Talon Metals Reports Results for the Quarter Ended March 31, 2021

Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - May 14, 2021) - Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2021 of $0.8 million or $nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation, offset by a gain on the fair value revaluation of a put option on a royalty.

This compares to a net loss for the three months ended March 31, 2020 of $0.5 million or $nil per share (basic and diluted), which was primarily the result of administration expenses.

Capitalized exploration costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2021 amounted to $6.4 million. This compares to $3.9 million for the three months ended March 31, 2020. The total capitalized exploration cost to the Tamarack Nickel-Copper-Cobalt Project to March 31, 2021 amounts to $66.4 million.

Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2021 and 2020, together with Management's Discussion and Analysis have been filed on SEDAR and are available at .

All amounts are presented in Canadian dollars.

ABOUT TALON

Talon is a TSX-listed base metals company in a joint venture with on the high-grade located in Minnesota, USA, comprised of the Tamarack North Project and the Tamarack South Project. Talon has an earn-in to acquire up to 60% of the Tamarack Project. The Tamarack Project comprises a large land position (18km of strike length) with numerous high-grade intercepts . Talon is focused on expanding its current high-grade nickel mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade nickel mineralization; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry. Talon 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:

To view the source version of this press release, please visit

EN
14/05/2021

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