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TALON METALS CORP News Release TSX : TLO TALON METALS REPORTS RESULTS FOR THE QUARTER ENDED MARCH 31 , 2021 Road Town , Tortola , British Virgin Islands ( May 14 , 2021 ) - Talon Metals Corp. ( " Talon " or the " Company " ) ( TSX : TLO ) reported a net loss for the three months ended March 31 , 2021 of $ 0.8 million or $ nil per share ( basic and diluted ) , which was primarily the result of administration expenses and stock option compensation , offset by a gain on the fair value revaluation of a put option on a royalty . This compares to a net loss for the three months ended March 31 , 2020 of $ 0.5 million or $ nil per share ( basic and diluted ) , which was primarily the result of administration expenses . Capitalized exploration costs and deferred expenditures on the Tamarack Nickel - Copper - Cobalt Project for the three months ended March 31 , 2021 amounted to $ 6.4 million . This compares to $ 3.9 million for the three months ended March 31 , 2020. The total capitalized exploration cost to the Tamarack Nickel - Copper - Cobalt Project to March 31 , 2021 amounts to $ 66.4 million . Condensed Interim Consolidated Financial Statements for the three months ended March 31 , 2021 and 2020 , together with Management's Discussion and Analysis have been filed on SEDAR and are available at www.sedar.com . All amounts are presented in Canadian dollars . ABOUT TALON Talon is a TSX - listed base metals company in a joint venture with Rio Tinto on the high - grade Tamarack Nickel - Copper - Cobalt Project located in Minnesota , USA , comprised of the Tamarack North Project and the Tamarack South Project . Talon has an earn - in to acquire up to 60 % of the Tamarack Project . The Tamarack Project comprises a large land position ( 18km of strike length ) with numerous high - grade intercepts outside the current resource area . Talon is focused on expanding its current high - grade nickel mineralization resource prepared in accordance with NI 43-101 ; identifying additional high - grade nickel mineralization ; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry . Talon has a well - qualified exploration and mine management team with extensive experience in project management . For additional information on Talon , please visit the Company's website at www.talonmetals.com or contact : Sean Werger President Talon Metals Corp. Tel : ( 416 ) 361-9636 x102 Email : werger@talonmetals.com