Talon’s Plan for Ni Supply Chain

We have successfully completed initial Locked Cycle Tests (LCT)*:

Ni concentrate grading 10.8% Ni @ 83.3% recovery
Cu concentrate grading 29.9% Cu @ 87.5% total recovery (Cu and Ni concentrates)

*See the Company’s press release dated August 31, 2020

We have embarked on the development of a flowsheet to produce nickel sulphates for batteries in the United States because of the high quality of the Tamarack concentrates and the strategic location of the Tamarack Project in the USA.

Results from the development of a flowsheet to produce nickel sulphates for batteries in the United States will enable us to study potential CAPEX and OPEX numbers.

Talon Metals Corp.

165 Warren Street Tamarack, MN 55787

Craigmuir Chambers

P.O Box 71
Road Town, Tortola
British Virgin Islands

Tel: +1 4163619636

Fax: +1 4163610330

About

Talon is a TSX-listed base metals company 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 US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex. Talon has an agreement with Tesla Inc. to supply it with 75,000 metric tonnes (165 million lbs) of nickel in concentrate (and certain by-products, including cobalt and iron) from the Tamarack Nickel Project over an estimated six-year period once commercial production is achieved. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.