Talon CEO, Henri van Rooyen, commented: “At present’s assay outcomes additional show that the USA has extra high-grade nickel development potential in its mineral endowment. In 1997, the Division of the Inside and US Geological Survey predicted that there have been high-grade nickel mineralization zones within the US which can be just like zones in Canada and Russia. They targeted on the US Mid-Continental Rift (MCR), which extends from Kansas up by Michigan. Talon is singularly targeted on exploring for added high-grade nickel in the USA to assist meet the targets set by Congress and President Biden for a home provide chain for electrical autos and batteries from mining by to recycling.”

Exploration Replace: Confirmed Excessive-Grade Nickel within the New Raptor Zone

Talon has acquired assay outcomes for the newly drilled Raptor Zone, positioned practically 2 miles (3.2 km) outdoors of the Tamarack Nickel Challenge’s useful resource space. Talon believes it has confirmed a brand new “system” of high-grade nickel-copper mineralization inside the Tamarack Intrusive Advanced and consequently, is planning to drill a further 20,000 meters inside the Raptor Zone to find out if the 1-2 meters of recognized high-grade large nickel sulphide mineralization additional thickens (just like the Firm’s preliminary discovery inside the CGO West space).

Determine 1: Excessive-grade large nickel sulphide mineralization intersected in 3 new holes inside the Raptor Zone (Assays under in Desk 1)

To view an enhanced model of Determine 1, please go to:
https://pictures.newsfilecorp.com/information/2443/162921_0f9f2f43a4471af1_001full.jpg

Assay outcomes have been acquired for the 6 holes within the newly recognized Raptor Zone that each one intersected basal large nickel mineralization (see Tables 1 and a couple of under). These assays verify that high-grade nickel mineralization exists effectively outdoors the Tamarack Nickel Challenge’s useful resource space within the largely unexplored Raptor Zone.

*See Desk 3 for additional technical info

Desk 1: Notable Assay Outcomes from New Drill Holes within the Raptor Zone

Brian Goldner, Chief Exploration and Operations Officer of Talon, stated: “These assays verify that the mineralization drilled within the Raptor Zone is high-grade and that there’s thrilling potential for added discoveries inside the Raptor Zone. To me, it is thrilling that now we have 1500 meters of potential floor, bookended by intercepts of high-grade nickel mineralization, that has not but been drilled. There’s sufficient room on this undrilled portion of the Raptor Zone to suit greater than 50 of the CGO West useful resource footprint (found by Talon in 2021). The Raptor Zone has all the standards wanted for a high tier exploration goal space – excessive grades, ample room and inside just some miles of the present Tamarack Nickel Challenge useful resource space. The first goal of the Firm’s extra exploration efforts alongside the Tamarack Intrusive Advanced is to allow Talon to determine future mineral sources to assist the creating home battery manufacturing provide chain from mining by to recycling.”

Determine 2: Analytical sign magnetic map displaying the situation of the Raptor Zone (pink = extremely magnetic)

To view an enhanced model of Determine 2, please go to:
https://pictures.newsfilecorp.com/information/2443/162921_0f9f2f43a4471af1_002full.jpg

Throughout the winter drilling program, Talon had 2 drill rigs (of a complete of 8 drill rigs working, as additional mentioned under) targeted solely on exploration drilling. Along with drilling inside the new Raptor Zone, exploration drilling throughout the winter season has additionally targeted on drilling numerous geophysical targets positioned inside and outdoors of Tamarack Nickel Challenge’s useful resource space. Drilling of those targets stays ongoing.

Exploration: Subsequent Steps

With the completion of the Firm’s winter drilling program, the Firm has plans for added exploration drilling, with three to 4 drill rigs turning for the rest of 2023. Exploration will give attention to additional drilling inside the new Raptor Zone, with a further 20,000 meters of drilling deliberate. As well as, the Firm plans to drill between 3,000-5,000 meters in an space positioned roughly 1 km south of the Tamarack Nickel Challenge’s useful resource space (at present known as the 164 Zone) the place historic high-grade large nickel sulphides have been recognized however not but adopted up on.

Determine 3. Illustration to scale of the Tamarack Intrusive Advanced and the areas of curiosity for the 2023 drilling program

To view an enhanced model of Determine 3, please go to:
https://pictures.newsfilecorp.com/information/2443/162921_0f9f2f43a4471af1_003full.jpg

Vital Progress In the direction of Feasibility Examine, Environmental Overview and Allowing in Minnesota

Winter Program (Manufacturing-related) Drilling Actions

Talon has had 8 drill rigs working throughout the winter season in Minnesota, with 6 of those rigs devoted to serving to progress the Tamarack Nickel Challenge in direction of manufacturing.

Drilling and investigation actions have included, amongst different issues, the next:

• 3 drill rigs conducting drilling actions for geotechnical characterization. This info will probably be used to tell the feasibility design of the floor and rail amenities.

• 1 vibrating sonic drill rig conducting overburden classification. This info will probably be used to do a feasibility design for the soil portion of the entry tunnels to the underground mine.

• 1 truck rig conducting hydrophysical work for groundwater research. This info will probably be used to complement current hydrogeological research to tell feasibility design of water dealing with techniques and water therapy.

• 1 diamond drill rig evaluating bedrock situations for underground entry and growth. This info will probably be used to tell feasibility design of the rock portion of the entry tunnel to the underground mine.

Environmental Overview and Allowing

Talon has progressed research and fashions to estimate potential environmental impacts that may type the premise for the Firm’s submission of paperwork for the State of Minnesota’s environmental overview course of, inclusive of the Environmental Influence Assertion (EIS), and to tell the feasibility research. Extra notably, Talon has performed information assortment for the next:

• Groundwater research (movement and high quality);
• Floor water research (movement and high quality);
• Wetlands research (movement and high quality);
• Vegetation research;
• Supplies characterization research (static and kinetic testing);
• Sound and vibration;
• Organic research; and
• Archaeological reconnaissance survey and a historic architectural survey and evaluation.

Talon additionally plans to additional progress the next for the Tamarack Nickel Challenge:

• Analysis of potential environmental useful resource impacts, together with:
  • Air modelling;
  • Groundwater modelling;
  • Floor water and wetland modelling;
  • Geochemical modelling;
  • Multimedia evaluation modelling;

• Visible impression evaluation;
• Visitors research;
• Cultural surveys;
• Wetland delineation research; and
• Stories and plans to assist the event of the Environmental Influence Assertion and environmental allowing.

Talon continues to conduct quarterly group conferences to share info and take heed to issues from the group. At the newest group assembly, Talon representatives shared details about the brand new Raptor Zone and supplied an replace in respect of Talon’s ongoing exploration efforts. Talon has additionally been sharing info with proximate tribal sovereign governments, in step with the Firm’s assertion on tribal respect and engagement. The environmental overview course of offers in depth alternative for public suggestions and government-to-government session.

Engineering and Feasibility Examine

Talon has accomplished important engineering work for the underground mine and the floor amenities to tell the preliminary phases for Minnesota environmental overview.

Talon believes that there’s ample useful resource data, geotechnical information, and environmental data and information for Talon to proceed to advance engineering work in direction of a feasibility research for the event of a mine and rail loadout facility on the Tamarack Nickel Challenge.

Environmental and regulatory concerns will probably be built-in throughout each step of the engineering design. The goal of early engagement and integration of environmental and regulatory concerns is to streamline the environmental overview and allowing part of the challenge.

Talon additionally intends to finish an identical bundle of preliminary engineering and environmental work for the Battery Minerals Processing Facility in North Dakota to assist any relevant allowing opinions.

High quality Assurance, High quality Management and Certified Individuals

Please see the technical report entitled “November 2022 Nationwide Instrument 43-101 Technical Report of the Tamarack North Challenge – Tamarack, Minnesota” with an efficient date of November 2, 2022 ready by unbiased “Certified Individuals” (as that time period is outlined in Nationwide Instrument 43-101 (“NI 43-101“)) Brian Thomas (P. Geo), Roger Jackson (P. Geo), Oliver Peters (P. Eng) and Christine Pint (P.G) for info on the QA/QC, information verification, analytical and testing procedures on the Tamarack Nickel Challenge. Copies can be found on the Firm’s web site (www.talonmetals.com) or on SEDAR at (www.sedar.com). The laboratory used is ALS Minerals who’s unbiased of the Firm.

Lengths are drill intersections and never essentially true widths. True widths can’t be persistently calculated for comparability functions between holes due to the irregular shapes of the mineralized zones. Drill intersections have been independently chosen by Talon. Drill composites have been independently calculated by Talon. The geological interpretations on this information launch are solely these of the Firm. The areas and distances highlighted on all maps on this information launch are approximate.

Dr. Etienne Dinel, Vice President, Geology of Talon, is a Certified Particular person inside the which means of NI 43-101. Dr. Dinel is happy that the analytical and testing procedures used are customary trade working procedures and methodologies, and he has reviewed, accredited and verified the technical info disclosed on this information launch, together with sampling, analytical and take a look at information underlying the technical info.

About Talon

Talon is a TSX-listed base metals firm in a three way partnership with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Challenge positioned in central Minnesota. Talon’s shares are additionally traded within the US over the OTC market below the image TLOFF. The Tamarack Nickel Challenge contains a big land place (18km of strike size) with high-grade intercepts outdoors the present useful resource space. Talon has an earn-in proper to amass as much as 60% of the Tamarack Nickel Challenge, and at present owns 51%. Talon is targeted on (i) increasing and infilling its present high-grade nickel mineralization useful resource ready in accordance with NI 43-101 to form a mine plan for submission to Minnesota regulators, and (ii) following up on extra high-grade nickel mineralization within the Tamarack Intrusive Advanced. Talon has an settlement with Tesla Inc. to provide it with 75,000 metric tonnes (165 million lbs) of nickel in focus (and sure by-products, together with cobalt and iron) from the Tamarack Nickel Challenge over an estimated six-year interval as soon as industrial manufacturing is achieved. Talon has a neutrality and workforce growth settlement in place with the United Steelworkers union. Talon’s Battery Mineral Processing Facility in Mercer County was chosen by the US Division of Vitality for $114m funding grant from the Bipartisan Infrastructure Legislation. Talon has well-qualified skilled exploration, mine growth, exterior affairs and mine allowing groups.

For extra info on Talon, please go to the Firm’s web site at www.talonmetals.com

Media Contact:

Todd Malan
1-(202)-714-8187
malan@talonmetals.com

Investor Contact:

Sean Werger
1-(416)-500-9891
werger@talonmetals.com

Ahead-Trying Statements

This information launch accommodates sure “forward-looking statements”. All statements, aside from statements of historic incontrovertible fact that tackle actions, occasions or developments that the Firm believes, expects or anticipates will or could happen sooner or later are forward-looking statements. These forward-looking statements replicate the present expectations or beliefs of the Firm based mostly on info at present accessible to the Firm. Such forward-looking statements embody statements regarding future exploration, drilling, assays and the outcomes thereof, together with discovering extra high-grade nickel-copper sources on the Tamarack Nickel Challenge and discovering a brand new “system”; commencing environmental overview and enterprise additional work and research to assist environmental overview; finishing a feasibility research; funding from the Division of Vitality; Ahead-looking statements are topic to important dangers and uncertainties and different components that would trigger the precise outcomes to vary materially from these mentioned within the forward-looking statements, and even when such precise outcomes are realized or considerably realized, there will be no assurance that they are going to have the anticipated penalties to, or results on the Firm.

Any forward-looking assertion speaks solely as of the date on which it’s made and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking assertion, whether or not on account of new info, future occasions or outcomes or in any other case. Though the Firm believes that the assumptions inherent within the forward-looking statements are cheap, forward-looking statements aren’t ensures of future efficiency and accordingly undue reliance shouldn’t be placed on such statements as a result of inherent uncertainty therein.

Desk 2: Collar Areas of New Drill Holes Disclosed on this Press Launch

Collar coordinates are UTM Zone 15N, NAD83
Azimuths and dips are taken from survey file at collar except in any other case famous

Desk 3: Assay Outcomes of New Drill Holes Referred to on this Press Launch

Size refers to drill gap size and never True Width.
True Width is unknown on the time of publication.
All samples had been analysed by ALS Minerals. Nickel, copper, and cobalt grades had been first analysed by a 4-acid digestion and ICP AES (ME-MS61). Grades reporting larger than 0.25% Ni and/or 0.1% Cu, utilizing ME-MS61, set off a sodium peroxide fusion with ICP-AES end (ICP81). Platinum, palladium and gold are initially analyzed by a 50g hearth assay with an ICP-MS end (PGM-MS24). Any samples reporting >1g/t Pt or Pd set off an over-limit evaluation by ICP-AES end (PGM-ICP27) and any samples reporting >1g/t Au set off an over-limit evaluation by AAS (Au-AA26).

Determine 4. Plan view of the Raptor’s Head displaying the situation of the brand new drill holes (in inexperienced) with intercepts of high-grade nickel mineralization

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https://pictures.newsfilecorp.com/information/2443/162921_0f9f2f43a4471af1_004full.jpg

Determine 5. Plan view of the Raptor’s Crest displaying the situation of the brand new drill holes (in inexperienced) with intercepts of high-grade nickel mineralization

To view an enhanced model of Determine 5, please go to:
https://pictures.newsfilecorp.com/information/2443/162921_0f9f2f43a4471af1_005full.jpg

To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/162921