Road Town, Tortola, British Virgin Islands (Oct 20, 2008) – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) is pleased to announce that, further to its September 4, 2008 news release, a National Instrument 43-101 (“NI 43-101”) technical report has been filed on SEDAR for the Company’s 100% owned São Jorge Gold Project in ParÁ State, Brazil.
The technical report, which is entitled “Talon Metals Corp.: Sao Jorge Gold Project, Para State, Brazil, National Instrument 43-101 Second Technical Report” and dated September 4, 2008, was prepared by Coffey Mining (“Coffey”). Coffey is an international consulting firm independent of Talon.
As announced in Talon’s news release of September 4, 2008, Coffey reported a mineral resource estimate for the Wilton Zone at São Jorge of 343,000 troy ounces of gold in the indicated mineral resource category (8.334 million tonnes grading 1.3 grams per tonne Au, using a 0.5 grams per tonne Au cut-off grade) and 458,000 troy ounces of gold in the inferred mineral resource category (12.576 million tonnes grading 1.1 grams per tonne Au, using a 0.5 grams per tonne Au cut-off grade).
The “Qualified Person”, as such term is defined in NI 43-101, who prepared the mineral resource estimate is Mr. Bernardo Viana (Member: AIG). Mr. Viana is independent of Talon and an employee of Coffey.
Talon’s exploration programs are managed by Talon’s VP Exploration, Mr. Paulo Ilidio de Brito (Member: AusIMM), who is a “Qualified Person” within the meaning of NI 43-101.
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.
Talon has a treasury of approximately CDN$9 million and holds 4,935,500 common shares of Brazauro Resources Corporation, (TSX-V:BZO) and 2,450,000 common shares in Beadell Resources Limited (ASX:BDR).
For additional information on Talon please visit the Talon’s website at www.talonmetals.com or contact:
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243