Talon Metals Corp. has successfully intercepted new high-grade nickel-copper mineralization nearly 2 miles (3.2 km) outside of the current nickel-copper resource area. Talon believes it has confirmed a brand new system of high-grade nickel-copper mineralization within the Tamarack Intrusive Complex.

The potential for additional high-grade nickel-copper mineralization within the 11-mile-long Tamarack Intrusive Complex has been recognized by Talon for some time. Talon's primary focus to date has been the discovery and delineation of the Main Zone, the CGO West area and the CGO East area (collectively referred to as the Company's nickel-copper resource area). To accomplish this growth, Talon spent the past 2 years building a complete in-house exploration team, incorporating among other things, a fleet of five Talon-owned and staffed drill rigs, along with precision borehole and surface geophysical guidance equipment.

With the advancement of the delineation work, Talon's in-house team has now been tasked with evaluating the exploration upside over the entire length of the 11-mile-long Tamarack Intrusive Complex starting at the northern end of the complex where the Raptor Zone has been identified. The name Raptor has been chosen given the resemblance to the iconic predator's profile that shows up in the magnetic survey. Since September 2022, Talon has completed 9 new drill holes outside of the Company's nickel-copper resource area, 6 of which have already intersected high-grade nickel-copper mineralization.

These intercepts occur in 2 new areas of mineralization within the larger Raptor Zone, including the Raptor's Crest (previously referred to as the 264 Zone) located approximately 1.8 miles (3 km) north of the Company's nickel-copper resource area and the Raptor's Head (previously referred to as the 221 Zone) located approximately 1 mile (1.6 km) north of the Company's nickel-copper resource area. These two areas (Raptor's Crest and Raptor's Head) have very limited historic drilling, but assays do include high-grade nickel massive sulphide intercepts of up to 9.95% Ni1 and 9.33% Ni2 within these respective zones. Of note, in between the drill holes lie 1-mile (1.6 km) of ground that has never been drilled and therefore, this ground represents a high priority exploration target for the Company in 2023, given that it is bookended with high-grade nickel massive sulphide intercepts on both sides.

The Company's recent drilling in the Raptor Zone has suggested that the intrusive depositing the high- grade nickel mineralization appears to be a completely different intrusive (that is a brand new system of mineralization) as compared to the Company's nickel-copper resource area. Additionally, the nickel mineralization found in the Raptor Zone appears to be dominantly massive sulphide rip ups, suggesting that the massive sulphide was originally formed elsewhere and has been eroded and transported to where it currently resides. The Raptor Zone is following a similar trend (plunge and dip) and is parallel to the intrusive units in the Company's nickel-coper resource area but lies at a different elevation below the resource and the down-dip projection of that structure lines up with the top of the Magnetotelluric (MT) anomaly, now named Raptor's Nest.