News Column

Talon Metals Reports First Quarter 2014 Results

May 19, 2014



ENP Newswire - 19 May 2014

Release date- 16052014 - Road Town, Tortola, British Virgin Islands - Talon Metals Corp. (TSX: TLO) reported net income for the three month period ended March 31, 2014 of $19,082 or $nil per share.

This was primarily the result of investment and foreign currency gains that were offset by project evaluation, due diligence and administration expenses.

This compares to a net loss of $1.3 million or $0.01 per share (basic and diluted) for the three months ended March 31, 2013, which was primarily the result of project evaluation, due diligence, administration expenses and the Company's share of loss in Tlou Energy Limited.

Capitalized exploration cost on the Trairao Iron Project for the first quarter of 2014 amounted to $65,597. This compares to $0.4 million for the same period in 2013. The total capitalized exploration cost on the Trairao Iron Project to March 31, 2014 amounts to $17.6 million.

Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2014, along with Management's Discussion and Analysis, have been filed on SEDAR and are available at www.sedar.com.

About Talon

Talon is a TSX-listed company focused on the exploration and development of the Trairao Iron Project in Brazil. The Company 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

Contact:

Sean Werger

President

Talon Metals Corp.

Tel: (416) 361-9636

Email: werger@talonmetals.com


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Source: ENP Newswire


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