Mr. Darby Stacey reports

TALON METALS ANNOUNCES LEADERSHIP TRANSITION

Talon Metals Corp.'s Mike Kicis will step down from his role as president effective Aug. 1, 2026. Mr. Kicis has agreed to remain engaged with Talon as a consultant for a period of up to three months following Aug. 1, 2026.

Darby Stacey, chief executive officer, will oversee the transition, with Mr. Kicis's responsibilities distributed among members of Talon's existing leadership team and external resources.

"Mike's long-standing commitment to the Talon team and his role in Talon's growth and success have been invaluable," said Darby Stacey, chief executive officer of Talon. "Over the past 15 years, he has been instrumental in driving step-change transformation, including, among others, the earn-in to the Tamarack project and, most recently, the acquisition of Eagle mine and Humboldt mill. Mike leaves the company in a strong position, supported by experienced operational, exploration, permitting and corporate teams. On behalf of Talon and the board of directors, I want to thank Mike for his significant contributions and wish him well on his future endeavours."

About Talon Metals Corp.

Talon is a Toronto Stock Exchange-listed base metals company advancing and operating high-grade nickel-copper assets in the United States. Talon owns 100 per cent of Eagle mine and Humboldt mill in Michigan. Eagle mine is the only primary nickel mine currently operating in the United States and the Humboldt mill is an ore processing facility. Talon is also advancing the Tamarack nickel-copper-cobalt project in central Minnesota through a joint venture with Rio Tinto. Talon currently owns 51 per cent of the Tamarack nickel-copper-cobalt project and has an earn-in right to acquire up to 60 per cent. 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, including 18 kilometres of strike length, with additional high-grade intercepts outside the current resource area. Talon has a neutrality and work force development agreement in place with the United Steelworkers union. Talon's Beulah minerals processing facility in Mercer county, North Dakota, was selected by the U.S. Department of Energy for a $114.8-million (U.S.) financing 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.

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