An anonymous director reports

TALON METALS ANNOUNCES RESULTS OF AGM

Talon Metals Corp. has released the results of its annual and special meeting of shareholders held today.

All of the nominee directors listed in Talon's management information circular dated May 23, 2023, were elected as directors. The results of the shares voted in respect of the election of each director are provided in an attached table.

Furthermore at the AGM, shareholders of the company:

1. By a majority of votes cast by the disinterested shareholders, approved the continuation of the shareholder rights plan of the company;
2. Voted in favour of authorizing the company to effect a consolidation of the common shares of the company on the basis of one postconsolidation common share of the company for up to 10 preconsolidation common shares, as determined by the directors of the company, in their sole discretion;
3. Voted in favour of appointing MNP LLP as auditor of the company for the ensuing year and authorizing the directors to fix MNP's remuneration.

For greater certainty and notwithstanding the foregoing, the directors of the company have not yet determined to effect the consolidation and may elect not to proceed with the consolidation, in their sole discretion (subject to fiduciary and statutory duties). The directors will continue to assess market conditions and the interests of the company and shareholders before proceeding to effect the consolidation, if at all. To be effective, the consolidation must also be approved by the Toronto Stock Exchange.

About Talon Metals Corp.

Talon is a base metals company in a joint venture with Rio Tinto on the high-grade Tamarack nickel-copper-cobalt project, located in central Minnesota.