Tamarack, Minnesota (April 9, 2024) – Talon Metals Corp. (“Talon” or the “Company”) (TSX:TLO/OTC:TLOFF), the majority owner and operator of the Tamarack Nickel-Copper-Cobalt Project (“Tamarack Nickel Project”) in central Minnesota, the operator of numerous high-grade nickel-copper prospects in the Upper Peninsula of Michigan (“Michigan UP Projects”) and the owner of the proposed Battery Minerals Processing Facility (“BMPF”) in Mercer County, North Dakota, provides a progress update on the Company’s activities in all jurisdictions where it operates and national policy developments that value and favor domestic supply.

Permitting Update: Underground Mine in Central Minnesota

On June 21, 2023, Talon began the rigorous science-based permitting process in the state of Minnesota by filing an Environmental Assessment Worksheet (EAW) with the Minnesota Department of Natural Resources (MDNR) for a small footprint underground mine and rail loading facility near the town of Tamarack in Aitkin County, Minnesota.

In early 2022, Talon made the decision to move mineral processing to an industrial site in a drier environment in Mercer County, North Dakota. This decision was in direct response to concerns in central Minnesota about processing sulfide bearing ore in the water rich environment of the area where the high-grade nickel deposit is located. It also means that the state permitting process has a smaller scope of review, focused just on the environmental impacts of the underground mine and rail loading facility at the Tamarack site.

The environmental review process is proceeding at pace. Talon has received two rounds of comments and suggestions from the relevant state agencies, tribal sovereign governments or tribal organizations who have been invited by the state to participate in the initial process on a government-to-government basis. Talon has responded to the first round of comments and is developing its responses, data and design changes that are responsive to the second round of comments and plans to submit these responses, data and design changes in Q2 of this year.
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