Talon Metals Receives Shareholder Approval and Closes Financing Transaction - Seite 2

For more information, please see the Company's press releases dated December 31, 2015 and December 19, 2016, the full text of the Loan Agreement and the Amending Agreement and the management information circular of the Company dated December 16, 2016, copies of which are available on Talon's profile on SEDAR at www.sedar.com.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel-Copper-PGE Project 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 www.talonmetals.com.

Forward-Looking Statements

This press release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained or referred to in this press release includes, but may not be limited to, the commencement of the winter program at the Tamarack Project, Talon's decision to fund its proportionate share of such winter program, the receipt of the Second Advance and the use of proceeds in respect of such funds.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, risks related the occurrence of an event of default pursuant to the Loan Agreement, as amended, and risks related to the inability of each of the Company and RCF VI to perform its respective obligations under the Loan Agreement, as amended, as well as certain other risks set out in the Company's public documents, including its annual information form as at March 30, 2016, filed under the Company's profile on SEDAR.

The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this press release, the Company has made assumptions about: the Company's business, the economy and the Company's industry in general as well as the Company's and RCF VI's ability to perform their respective obligations. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

Sean Werger
President
Talon Metals Corp.
Tel: [phone] x247
Email: [e-mail]