Road Town, Tortola, British Virgin Islands (Aug 11, 2009) – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) reported a net loss for the three month period ended June 30, 2009 of $668,968 or $0.03 per share (basic and diluted). Net loss for the six month period was $89,264 or $0.01 per share (basic and diluted). This compares to net earnings of $1,023,538 or $0.04 per share (basic and diluted) for the three months ended June 30, 2008 and net earnings of $293,990 or $0.01 per share (basic and diluted), for the first six months of last year.
Capitalized exploration for the three and six month periods ended June 30, 2009, amounted to $507,579 and $632,404 respectively. This relates mainly to the first payment for the acquisition of the Sergipe Potash Project. This compares to $442,699 and $935,841 for the three and six month periods respectively of last year.
Consolidated Interim Financial Statements for the three and six months ended June 30, 2009, along 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 development 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:
VP Investor Relations
Tau Capital Corp.
Tel: (416) 361-9636 x 243