TALON METALS ANNOUNCES $24 MILLION FINANCING COMPRISED OF $10 MILLION BROKERED PRIVATE PLACEMENT AND CONCURRENT $14 MILLION NON-BROKERED PRIVATE PLACEMENT

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

ROAD TOWN, Tortola, British Virgin Islands, June 9, 2025 /CNW/ - Talon Metals Corp. (TSX:TLO.TO) (OTCPink:TLOFF) ("Talon" or the "Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. ("Canaccord Genuity") to act as lead underwriter and sole-bookrunner, on behalf of a syndicate of underwriters to be formed (together with Canaccord Genuity, the "Underwriters"), in connection with a "bought deal" private placement offering of 45,460,000 units of the Company (the "LIFE Units") at a price of $0.22 per LIFE Unit (the "Offering Price") for aggregate gross proceeds of $10,001,200 (the "LIFE Offering"). The Company has also granted the Underwriters an option, exercisable in whole or in part up to 48 hours prior to the closing of the LIFE Offering, to purchase up to an additional 6,819,000 LIFE Units at the Offering Price for additional gross proceeds of up to $1,500,180.