Road  Town,  British  Virgin  Islands  (February28,  2019) –Talon  Metals  Corp.  (TSX:  TLO) announced today that its wholly owned indirect subsidiary, Talon Nickel (USA) LLC(collectively, “Talon”or  the “Company”),has  entered  into  an extension  agreement(the “Extension Agreement”)in respect of the option agreement (the “Option Agreement”) previously entered into with Kennecott Exploration Company (“Kennecott”)on November 7, 2018.  

Pursuant to the Extension Agreement, the Company has until March 15, 2019to make an initial upfront payment of US$6million(the “Initial Payment”)to Kennecott in order to make the Option Agreement effective.In the event the Option Agreement becomes effective, the Company will have the right to acquire up to a 60% interest in the Tamarack Project, subject to certainterms and conditions.  In contrast, the failure by the Company to make the upfront payment to Kennecott would result in the parties entering into a joint venture agreement under which Kennecott would have an initial 82.44% interest in the Tamarack Project, while Talon would have an initial 17.56% interest in the Tamarack Project.  

The  Company  is  continuing  to  pursue  various  financing  options  and  will  provide  an  update  in respect thereto as soon as appropriate.

About Talon

Talon  is  a  TSX-listed company  focused  on  the  exploration  and  development  of  the  Tamarack Nickel-Copper-CobaltProject in Minnesota, USA (which comprises the Tamarack North Project and  the  Tamarack  South  Project).  The  Company  has  a  well-qualified  exploration  and  mine management team with extensive experience in project management.

For additional information on Talon, please visit the Company’s website at www.talonmetals.com or contact:

Sean Werger
President
Talon Metals Corp.
Tel: (416)500-9891

Forward-Looking Statements

This  news  release  contains  certain  “forward-looking  statements”.  All  statements,  other  than statements  of  historical  fact  that address  activities,  events  or  developments  that  the  Company believes,  expects  or  anticipates  will  or may  occur  in  the future  are forward-looking  statements. These  forward-looking  statements  reflect  the  current  expectations  or  beliefs  of  the  Company based  on  information  currently  available  to  the  Company.  Such  forward-looking  statements include statements relating to closing of the Option Agreementincluding satisfaction of the Initial Payment, as  well  as  financing  alternativesand  availability.  Forward-looking  statements  are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be  required  by  applicable  securities  laws, the  Company  disclaims  any  intent  or  obligation  to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking  statements  are  reasonable,  forward-looking  statements  are  not  guarantees  of  future performance  and  accordingly  undue reliance  should  not  be  put  on  such  statements  due to the inherent uncertainty therein.