Talon Metals Reports Results for the Year Ended December 31, 2007
Mar 28, 2008
Road Town, Tortola, British Virgin Islands (Mar 28, 2008) - Talon Metals Corp., formerly BrazMin Corp., (“Talon” or the “Company”) (TSX: TLO) reported net income for the year ended December 31, 2007 of $6,753,593 or $0.25 per share - basic and diluted (2006: net loss of $1,976,205 or $0.08 per share - basic and diluted). In 2007 net income was primarily due to gains on mineral properties and investments, with the largest gain a result of the sale of the Tocantinzinho Gold Project in the first quarter.
For the three month period ended December 31, 2007 Talon reported a net loss of $1,722,479 or $0.06 per share - basic and diluted. (2006: net loss of $793,500 or $0.03 per share - basic and diluted).
Capitalized exploration for the year amounted to $2,091,976 (total to date is $8,797,395) and mainly reflects work performed on the Água Branca Gold Project in Pará State, Brazil. Consolidated Audited Financial Statements for the years ended December 31, 2007 and 2006, together with Management's Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.
Talon is a TSX-listed company focused on the acquisition, exploration and advancement of high quality resource projects. The Company has a well-qualified exploration and management team with extensive experience in exploration and project management.
For additional information on Talon please visit the Talon's website at www.talonmetals.com or contact: