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Talon Metals Progresses State Environmental Review Process for Proposed Underground Nickel Mine near Tamarack, Minnesota Amended Environmental Assessment Worksheet Submitted, Johnson to Lead External Affairs Team

Permits & Approvals

Talon Metals Progresses State Environmental

Review Process for Proposed Underground

Nickel Mine near Tamarack, Minnesota

Amended Environmental Assessment Worksheet Submitted,

Johnson to Lead External Affairs Team

Tamarack, Minnesota--(Newsfile Corp. - December 19, 2024) -

Talon Metals Corp. (TSX: TLO) (OTC

Pink: TLOFF) through its subsidiary Talon Nickel (USA) LLC (

"Talon"

or the

"Company"

), submitted

an amended Environmental Assessment Worksheet ("

EAW

") to the Minnesota Department of Natural

Resources for the State's Environmental Impact Statement scoping process for the Tamarack Nickel-

Copper Project, a proposed small-footprint, high-grade underground nickel mine that would be located

near the City of Tamarack in Aitkin County, Minnesota (the "

Tamarack Mining Project

").

Talon first began the review process in June 2023 (

see the Company's press release dated June 21,

2023

). Since that time, the proposed Tamarack Mining Project has gone through two rounds of

comments with the Minnesota regulatory agencies and participating tribal governments/organizations.

After receiving the second round of comments on the EAW in February 2024, Talon has taken steps to

investigate and propose engineered solutions to potential concerns. While this process has taken

several months, the responsive engineering work underscores the Company's commitment to

incorporating meaningful improvements that not only address technical requirements but also respond to

broader stakeholder interests and concerns.

The amended EAW covers several key conceptual aspects of the Project for scoping.

Consolidation of operations into a single enclosed building

This proposed change:

Eliminates outdoor waste rock stockpiles, significantly reducing the risk of fugitive dust outside of a

controlled environment.

Simplifies stormwater management by removing the need for extensive systems to handle outdoor

contact stormwater from the Tamarack Mine Project.

Reduces the developed footprint, which is now over 10 acres smaller than in the original design,

reflecting the Company's focus on minimizing environmental impacts while maintaining operational

goals.

Significantly diminishes nighttime light pollution preserving the natural dark-sky quality of the area.

Reduces the sound generated by future operations further limiting the project's sensory impact on

the surrounding environment and community as the building serves as an effective noise barrier.

Further proposed enhancements

Transitioning from a Tunnel Boring Machine (TBM) method that would require a looped tunnel, to a

single decline ramp. This proposed change will decrease the volume of development rock

generated and reduce material handling demands.

Shifting from manifest trains to unit trains to optimize rail transportation, reducing the frequency of

shipments from the site (a single unit train equates to approximately three manifest trains).

"These proposed updates reflect Talon's ongoing commitment to listening and responding to

feedback, ensuring that the Tamarack Mine Project evolves in a manner that addresses both

technical requirements and the expectations of those invested in the project's success. By prioritizing

environment protection, operational sustainability, and community well-being, this amended EAW

underscores Talon's dedication to advancing the project responsibly,"

said Chris Wallace, Vice

President of Environmental and Permitting for Talon.

Jessica Johnson, Talon's Vice President, External Affairs also stated,

"Talon is excited to continue the

environmental review process, where the project design will go through further evaluation. Soon the

process will encourage formal public participation through providing comments on the proposed

project. These comments can further shape and refine the project design."

Information about the Environmental Review process is available on the Minnesota Department of

Natural Resources website:

Home | Minnesota DNR (state.mn.us)

JESSICA JOHNSON TO LEAD EXTERNAL AFFAIRS TEAM

Jessica Johnson has been promoted to Vice President, External Affairs assuming all responsibilities for

all external Company engagement (media, communities and government relations).

Johnson has been

with Talon since 2019 and has held successive roles of responsibility in external engagement for the

Company.

Johnson takes over leadership of the external affairs functions from Todd Malan who is

transitioning to an advisory role for the Company.

Malan joined Talon in September 2021 from Rio Tinto

and worked closely with Johnson to build up the external and internal capabilities, resulting in

extraordinary federal government support for Talon's projects in Minnesota, Michigan and North Dakota.

Cody Mayer has been promoted to Director, Tribal and Community Engagement and will report to

Johnson.

He will be based at Talon's mineral exploration operations in the Upper Peninsula of Michigan

but support tribal engagement across Talon's operations.

Johnson lives proximate to the Tamarack

Nickel Project and was born and raised in northern Minnesota.

Mayer was born and raised in the Upper

Peninsula of Michigan and is an enrolled member of the Sault Ste. Marie Tribe of Chippewa Indians, a

tribal sovereign government in the region.

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 central Minnesota. Talon's shares are also traded in the U.S.

over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land

position (18km of strike length) with additional high-grade intercepts

outside the current resource area

.

Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%.

Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource

prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators,

and (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex.

Talon has a

neutrality and workforce development agreement

in place with the United Steelworkers

union. Talon's Battery Mineral Processing Facility in Mercer County was

selected by the U.S.

Department of Energy

for US$114.8 million funding grant from the Bipartisan Infrastructure Law and the

U.S. Department of Defense awarded Talon a grant of U.S. $20.6 million

to support and accelerate

Talon's exploration efforts in both Minnesota and Michigan. Talon has well-qualified experienced

exploration, mine development, external affairs and mine permitting teams.

For additional information on Talon, please visit the Company's website at

www.talonmetals.com

or

contact:

Mike Kicis

1 (647) 968-0060

[email protected]

FORWARD-LOOKING STATEMENTS

This news release contains certain "forward-looking statements". All statements, other than statements

of historical fact that address activities, events or developments that the Company believes, expects or

anticipates will or may occur in the future are forward-looking statements. These forward-looking

statements reflect the current expectations or beliefs of the Company based on information currently

available to the Company. Such forward-looking statements include statements relating to the

consolidation of operations into a single enclosed building; the size of the above ground mine operation

campus; the use of single decline ramp; using manifest trains; the project design; the timing and

outcome of the environmental review process, including the EIS. Forward-looking statements are subject

to significant risks and uncertainties and other factors that could cause the actual results to differ

materially from those discussed in the forward-looking statements, and even if such actual results are

realized or substantially realized, there can be no assurance that they will have the expected

consequences to, or effects on the Company which risks includes (and is not limited to) the Company's

ability to secure all necessary permits relating to the proposed operations.

Other risks related to the

Company and the Tamarack Mining Project are set out in the Company's financial statements and

Annual Information Form.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be

required by applicable securities laws, the Company disclaims any intent or obligation to update any

forward-looking statement, whether as a result of new information, future events or results or otherwise.

Although the Company believes that the assumptions inherent in the forward-looking statements are

reasonable, forward-looking statements are not guarantees of future performance and accordingly undue

reliance should not be put on such statements due to the inherent uncertainty therein.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/234508