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Talon Metals Announces Lump and Sinter Feed Potential at Trairao Iron Project, Brazil; Shares Up 10% from Yr Low

Talon Metals Corp. (TLO.TO) today expanded on its previous announcements regarding the potential for a high grade, near surface resource that may be amenable to producing direct shipping ore from its 100% owned Trairao Iron Project, located in Para State, Brazil.

Highlights

Recent announcements by the Brazilian government regarding infrastructure improvements throughout Para State could positively impact a potential lump and sinter feed operation from the Trairão Project

Completed metallurgical screening test work in Brazil of samples from the Company's recent auger drilling program on the surficial deposit has rendered positive results, indicating that there is potential for lump and sinter feed production from the Trairão Project

Various samples have been sent to Ausenco and Gekko Systems in Australia for confirmation of previous, and further, metallurgical test work - for which results are expected in Q2 2013

Results will form the basis for the decision to commission a Preliminary Economic Assessment on the surficial deposit at the Trairão Project

"Our evaluation of samples from a recent auger drilling program has indicated that the surficial deposit of the Trairao Project has potential for lump and sinter feed production", said Henri van Rooyen, CEO of Talon. "We are excited about the recent announcements by the Brazilian government of their intended infrastructure improvements in the region of the Trairao Project, as this establishes the basis for preparing for a lump and sinter feed operation, which fits within our stated strategy of generating meaningful cash flow with low capital expenditure requirements. In addition, the current work being undertaken by Talon is not capital intensive, and we remain in a strong cash position with approximately $15.5-million."

Shares are up 2 cents (10%) to 22 cents late morning, which is still near a yr low of 20 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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