Talon Metals Corp T.TLO

Clarus Securities comments on Talon Metals Corporation

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According to Clarus Securities:

https://personal.crocodoc.com/xiP6Yni

Talon Metals Corp.

(TLO-TSX, $0.29)

Stock Rating: NOT RATED

Tamarack Site Visit – World Class Potential

This week we had the opportunity to visit Talon Metals Tamarack Ni-Cu-PGE Project located in north-central Minnesota, USA. Our site visit highlighted the potential to build high grade tonnage from new discoveries and from expanding on the currently delineated MSU, SMSU and 138 Zones. The multiple high grade deposits delineated to date hold the potential to support a high margin operation that could be sustainable in different metal price environments. Our interaction with both the Talon and Kennecott exploration teams confirmed the breadth of knowledge required to unlock at Tamarack. NOT RATED.

1. Right Metals, Right Property

The higher grade Ni-Cu mineralization at Tamarack makes TLO one of the highest quality exploration investment opportunities. With a nickel deficit projected for 2015 and copper prices holding reasonably strong, Talon is well positioned to gain significant traction as the winter drill program moves forward at full steam.

2. Tamarack – Potential to Triple in Size

The initial Tamarack resource estimate (I&I 6.8MT grading 2.02% NiEq.) has been defined over an unfolded strike length of roughly 800 meters of the much larger 18km long Tamarack Igneous Complex (TIC). The upcoming drill program will test roughly 4.7km of strike length starting in the 480 Zone moving south to the Laucamp Zone.

3. 2015 Winter Drill Program Ready to Ramp-up

Talon and Kennecott Exploration are moving forward with a $5.5 million winter drill program that will target 480 Zone, 138 Zone to Laucamp and both the Neck and Bowl of the TIC, Exhibit 1. Roughly 14,000 meters are planned and could dramatically change the scope of the project given the scale of the drill program and highly prospective targets.