An anonymous director reports

TALON METALS ANNOUNCES ACCELERATION OF WARRANT EXPIRY DATE

Talon Metals Corp. is exercising its right to accelerate the expiry of the outstanding common share purchase warrants of the company issued on June 18, 2025, pursuant to the company's brokered private placement and concurrent non-brokered private placement.

As announced by the company on Jan. 27, 2026, the company completed the consolidation of its issued and outstanding common shares on Jan. 23, 2026, on the basis of one postconsolidation common share for every 10 preconsolidation common shares.

Following the consolidation, each warrant entitles the holder thereof to acquire one common share at a price of $2.80 per warrant share until June 18, 2028, subject to acceleration of the expiry date in accordance with the terms of the warrants. Pursuant to the terms of the warrants, in the event that the closing price of the common shares on the Toronto Stock Exchange (or such other Canadian stock exchange on which the common shares are then listed) for 20 consecutive trading days exceeds $5.60, 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 time of the warrants to 5 p.m. Toronto time on the date that is 30 days following the date of such notice.

On April 6, 2026, the closing price of the common shares on the TSX exceeded $5.60 for 20 consecutive trading days. Pursuant to the terms of the warrants, the company hereby provides notice to the holders of the warrants that the company is exercising its right to accelerate the expiry of the outstanding warrants to 5 p.m. Toronto time on May 6, 2026 (being the date that is 30 days following the date of this notice).

Any warrants remaining unexercised after 5 p.m. Toronto time on the accelerated expiry date will expire and become void and of no further force or effect.

The company understands that 6,523,651 warrants remain unexercised and outstanding as at the date of this news release. If all 6,523,651 warrants are exercised on or prior to the accelerated expiry date, the company will receive proceeds of $18,266,223 upon payment of the exercise price therefor.

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 United States over the OTC market under the symbol TLOFF. The Tamarack nickel-copper-cobalt 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-copper-cobalt project and currently owns 51 per cent. Talon has a neutrality and workforce 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 and experienced exploration, mine permitting, mine development, operations and community relations teams.

We seek Safe Harbor.