Mr. Mike Kicis reports

TALON METALS ANNOUNCES RESULTS OF AGM

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

All of the nominee directors listed in Talon's management information circular dated May 14, 2025, were elected as directors. The results of the shares voted in respect of the election of each director are provided in the attached table.

Furthermore at the AGM, shareholders of the company, by a majority of votes cast:

• 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;
• Excluding the votes attaching to the common shares of the company held by insiders and their associates, approved the issuance of all unallocated options issuable, from time to time, under the company's stock option plan until June 25, 2028;
• Voted in favour of appointing MNP LLP as the auditor of the company for the ensuing year and authorizing the directors to fix its 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 Toronto Stock Exchange-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack nickel-copper-cobalt project, located in central Minnesota. Talon's shares are also traded in the United States over the OTC (over-the-counter) market under the symbol TLOFF. The Tamarack nickel project comprises a large land position (18 kilometres of strike length) with additional high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60 per cent of the Tamarack nickel project and currently owns 51 per cent. Talon is focused on: (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with National Instrument 43-101 to shape a mine plan for submission to Minnesota regulators; and (ii) following up on additional high-grade nickel mineralization in the Tamarack intrusive complex. Talon has a neutrality and work force development agreement in place with the United Steelworkers union. Talon's Beulah mineral processing facility in Mercer county was selected by the U.S. Department of Energy for a $114.8-million (U.S.) funding grant from the Bipartisan Infrastructure Law, and the U.S. Department of Defense awarded Talon a grant of $20.6-million (U.S.) to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.