Talon Metals Closes $41 Million Financing Comprised of $25 Million Brokered Private Placement and Concurrent $16 Million Non-Brokered Private Placement

Road Town, Tortola, British Virgin Islands--(Newsfile Corp. - June 18, 2025) - Talon Metals Corp. (TSX: TLO) (OTC Pink: TLOFF) ("Talon" or the "Company") is pleased to announce that it has closed the previously announced "bought deal" private placement (the "LIFE Offering") of units of the Company (the "LIFE Units"). In connection with the LIFE Offering, the Company issued an aggregate of 115,000,000 LIFE Units at a price of $0.22 per LIFE Unit (the "Offering Price") for gross proceeds of $25,300,000. Canaccord Genuity Corp. acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Paradigm Capital Inc. and Stifel Nicolaus Canada Inc., in connection with the LIFE Offering.

The Company is also pleased to announce that concurrent with the closing of the LIFE Offering, the Company closed the previously announced non-brokered private placement (the "Non-LIFE Offering") through the issuance of 71,318,184 units of the Company (the "Non-LIFE Units") at the Offering Price for gross proceeds of $15,690,000.

The Non-LIFE Offering was completed with certain directors, officers and affiliates of Pallinghurst Nickel International Ltd. ("Pallinghurst Nickel"), as well as with Ivanhoe Capital Holdings, a holding company controlled by Robert Friedland.

Each LIFE Unit and Non-LIFE Unit (collectively, the "Units") are comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share (a "Warrant Share") at a price of $0.28 per Warrant Share for a period of 36 months from the closing date. In the event that the closing price of the Common Shares on the Toronto Stock Exchange (the "TSX") (or such other Canadian stock exchange on which the Common Shares are then listed) for 20 consecutive trading days exceeds $0.56, the Company may, within 10 business days of the occurrence of such event, deliver a notice (including by way of a news release) to the holders of the Warrants accelerating the expiry date of the Warrants to the date that is 30 days following the date of such notice.