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Talon Metals Corp Reports FY Net Loss; Fell 7%, Hit Yr Lows Friday

Talon Metals Corp. (TLO.TO), which fell 7% and hit year lows Friday, reported a net loss from continuing operations and a net loss for the year ended December 31, 2012 of $18.4 million or $0.20 per share - basic and diluted, which includes an impairment loss of $11.2 million on its investment in Tlou Energy Limited and the company's share of loss in Tlou Energy of $2.3 million (2011: net loss from continuing operations of $13.8 million or $0.16 per share - basic and diluted and net loss of $4.9 million or $0.06 per share - basic and diluted).

Capitalized exploration cost on the Trairao Iron Project for the year amounted to $2.6 million. This compares to $13.5 million for the year ended December 31, 2011. The total capitalized exploration cost on the Trairao Iron Project to December 31, 2012 amounts to $16.6 million.

Talon is focused on the exploration and development of its iron projects in Brazil.

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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