Road Town, Tortola, British Virgin Islands (Nov 12, 2010) – Talon Metals Corp. (“Talon” or the “Company”) (TSX: TLO) reported a net loss for the three month period ended September 30, 2010 of $435,044 or $0.01 per share (basic and diluted). Net loss for the nine month period was $5,779,876 or $0.11 per share (basic and diluted).
This compares to net loss of $1,241,929 or $0.05 per share (basic and diluted) for the three months ended September 30, 2009 and net loss of $1,331,193 or $0.05 per share (basic and diluted), for the first nine months of last year.
Capitalized exploration for the three and nine month periods ended September 30, 2010, amounted to $509,008 and $1,508,742 respectively. This primarily relates to the Sergipe Potash Project, and to work done on Talon’s smaller projects, as well as São Jorge. This compares to $284,773 and $917,177, respectively, for the three and nine month periods last year.
Consolidated Interim Financial Statements for the three and nine months ended September 30, 2010, 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 Company’s website at www.talonmetals.com or contact:
VP Investor Relations
Tau Capital Corp.
Tel: Tel: (416) 361-9636 x 243