Ms. Jessica Johnson reports

TALON METALS ANNOUNCES RESULTS OF SPECIAL MEETING AND CLOSING OF PRIVATE PLACEMENT

Talon Metals Corp. has released the results of its special meeting of shareholders, held today. (All dollar amounts are in Canadian dollars, except as noted.)

The Toronto Stock Exchange resolution approving the concurrent private placement (defined below), as more particularly described in the management information circular of the company dated Jan. 30, 2026, was approved by a majority of votes cast by disinterested shareholders.

Talon is also pleased to announce closing of the previously announced private placement of 1,855,578 common shares to an entity controlled by trusts settled by the late Adolf H. Lundin for aggregate gross proceeds of approximately $7,782,294.

About Talon Metals Corp.

Talon is a TSX-listed base metals company advancing and operating high-grade nickel-copper assets in the United States, including 100-per-cent ownership of the Eagle mine and Humboldt mill in Michigan, the only primary nickel mine currently operating in the United States, and the Tamarack nickel-copper-cobalt project in Minnesota. Talon is 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 U.S. over the OTC (over-the-counter) market under the symbol TLOFF. The Tamarack nickel-copper-cobalt project comprises a large land position (18 kilometres (km) 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-copper-cobalt project and currently owns 51 per cent. 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 War 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.

We seek Safe Harbor.