Talon Announces Discovery of New Gold Zone at Agua Branca and Commencement of Exploration Program



    TSX:TLO

    ROAD TOWN, Tortola, British Virgin Islands, Sept. 5 /CNW/ - Talon Metals
Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to announce the
discovery of Heaven West, a new gold mineralized zone at the Company's agua
Branca Gold Project ("Agua Branca" or the "Project"). A Fall 2007 exploration
program is underway at Agua Branca. Surface work has begun and diamond
drilling will commence in early October, 2007.

    Heaven West Zone
    ----------------

    Recent work has led to the discovery of Heaven West, a zone of high-grade
gold mineralization. High-grade grab samples from quartz veins include 132.2,
109.9, 107.0, 66.0 and 29.9 g/t Au. Highlights from channel sampling of quartz
veins and hydrothermally altered monzogranite include:

    
        -  48.5 g/t Au over 1.50 metres in PGM-11(*)
        -  14.5 g/t Au over 1.40 metres in CGM-02(*); including 37.6 g/t Au
           over 0.40 metres
        -  3.23 g/t Au over 5.70 metres in PGM-01(xx); including 22.6 g/t Au
           over 0.20 metres
        -  44.3 g/t Au over 0.30 metres in PGM-15

              ((*)open in one direction)
              ((xx) open in two directions)
    

    Geological and structural mapping was conducted in conjunction with
systematic channel sampling of hand-dug pits and limited surface exposures;
channel widths often being limited by extent of exposure. A total of 95 rock
samples (87 channel samples and 8 grab samples) were collected from a 900 by
250 metre area at Heaven West. The actual limits of the zone have not yet been
defined.
    Mineralization at Heaven West is hosted in sulphide-bearing quartz veins
and saprolitic and hydrothermally altered medium to coarse-grained
monzogranite, assigned to the Parauari intrusive suite. Hydrothermal
alteration includes sericite, silica, pyrite and minor chlorite. Observed
veins ranged in thickness from 1 to 70 centimetres and areas with closely
spaced veins show pervasive wallrock alteration. Structural interpretation
indicates the presence of a complex brittle zone composed of four main
structural systems within a poorly developed broad northwest trending shear
zone which parallels the dominant structural orientation of the region. North
and northeast structures which crosscut the northwesterly shearing host
high-grade gold mineralization.

    Serra da Abelha Target
    ----------------------

    As reported in the Company's news release of May 14, 2007, the Serra da
Abelha target is defined by an 800 by 250 metre wide northwest trending
+100 ppb gold in soil anomaly. Anomalous gold in soil values range from 100 to
521 ppb Au and the anomaly is open to the northwest. Geological mapping and
surface sampling is being conducted at Serra da Abelha prior to drill testing.
Based on limited outcrops exposures, a similar geological and structural
setting to the Heaven West area is recognized at Serra da Abelha.

    2007 Exploration Program
    ------------------------

    The Company has commenced a Fall 2007 exploration program at Agua Branca
which will include geological and structural mapping, rock and channel
sampling, grid based soil sampling and diamond drilling. A total of $650,000
has been budgeted for the program. Surface work is underway, with diamond
drilling to commence in early October. Boart Longyear Geoserv has been awarded
a contract for a minimum 2,000 metre drill program. The 2007 drill program is
designed to provide an initial test of both the Heaven West and Serra de
Abelha targets. Additional target areas may be tested based on the results of
ongoing surface work.
    Additional target areas at Agua Branca include Jerimum, Carlinhos and
Araguari. Geological mapping is ongoing and rock and grid-based soil sampling
has been conducted at the Jerimum target; assay results are pending. Mapping
and rock and soil geochemistry has commenced over the Carlinhos target.
Similar exploration is planned for Araguari and other pre-selected geophysical
targets. Power auger drilling equipment was recently moved to the Project and
will provide additional information to define new drill targets.
    Exploration at Agua Branca is being managed by Talon's VP Exploration,
Mr. Paulo Ilidio de Brito (Member: AusIMM), who is a qualified person within
the meaning of National Instrument 43-101. Mr. Ilidio de Brito, who is
responsible for the technical material in this release, has verified the data
disclosed in this release, including the sampling, analytical and test data
underlying the information.

    Agua Branca Overview
    --------------------

    The 48,043 hectare Project is located within the Tapajss Gold District
("Tapajss") in Brazil's Para State. The Tapajss is the site of significant
alluvial gold production over the last forty years, with an estimated
19 million ounces of gold produced from a 168,000 square kilometre area(*).
Mineralization at Agua Branca is associated with granitic intrusives and
linear zones of hydrothermal alteration within a northwest-trending
crustal-scale deformation zone characteristic of the Tapajss. The Project is
the site of widespread historic "garimpos" (artisanal workings), in the form
of hand dug pits and trenches up to 35 to 40 metres deep from which
"garimpeiros" (artisanal miners) extracted gold from saprolite, the in-situ
weathered rock overlying the primary bedrock. In 2006 the Company commenced
exploration on the property, including a thirteen hole (2,416 metre) diamond
drill program on Camarco Hill, the most advanced garimpo on the property. Gold
mineralization was encountered in all holes drilled at Camarco Hill. Heaven
West and Serra da Abelha are located 9.0 kilometres southwest and 1.5
kilometres southeast of Camarco Hill, respectively.

    (*) The estimate of gold production from the Tapajss is of historic
significance only.

    About Talon

    The Company is listed on the TSX and is focused on the acquisition,
exploration and advancement of high quality mineral resource projects. The
Company has a well-qualified exploration and management team with extensive
experience in exploration and project management.
    The Company has a treasury of approximately CDN$9.1 million and holds
13,150,000 common shares of Brazauro Resources Corporation (TSX-V:BZO). The
Company has 27,054,222 shares outstanding and 32,503,722 shares fully diluted.

    Quality Assurance/Quality Control

    The grab and channel samples reported in this release were collected by
Talon's geologists, prepared for analysis at SGS-Geosol Laboratorio Ltda's
("SGS-Geosol") sample-preparation laboratory in Itaituba, Brazil and 150 gram
pulps were air-freighted by SGS-Geosol to their main assay laboratory in Belo
Horizonte, Minas Gerais State, Brazil. SGS-Geosol is independent of Talon.
    The soil samples reported in the May 14, 2007 news release were collected
by Talon's geologists, prepared for analysis at SGS-Geosol's
sample-preparation laboratory in Itaituba, Brazil and 150 gram pulps were
air-freighted by SGS-Geosol to their main assay laboratory in Belo Horizonte,
Minas Gerais State, Brazil. Soil samples at Serra da Abelha were collected at
50 and 100 metre intervals (different spaces along intercalated lines) on
50 metre spaced lines on a 50-100 by 50 metre grid.
    Gold is determined by fire assay/atomic absorption with a detection limit
of 5 ppb Au using 50 gram aliquots. Lead fire assays use silver as a
co-collector to facilitate easier handling of prills as well as to minimize
losses during the cupellation process. Selected samples will later be analyzed
for other elements such as silver, copper, lead, zinc, etc. by ICP
spectrometry/multi-acid digestion. The laboratory is instructed to
automatically reanalyze abnormally high gold values. SGS-Geosol inserts its
own standards and blanks into each sample batch. The results from these
control samples indicate acceptable consistency of analysis.

    Forward-Looking Statements

    This press release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will
or may occur in the future (including, without limitation, statements
regarding the Company's exploration plans and objectives with respect to the
agua Branca Gold Project, exploration results, and potential mineralization)
are forward-looking statements. These forward-looking statements reflect the
current expectations or beliefs of the Company based on information currently
available to the Company. Forward-looking statements are subject to a number
of risks and uncertainties that may cause the actual results of the Company to
differ materially from those discussed in the forward-looking statements, and
even if such actual results are realized or substantially realized, there can
be no assurance that they will have the expected consequences to, or effects
on the Company. Factors that could cause actual results or events to differ
materially from current expectations include, among other things, changes in
gold prices, changes in equity markets, political developments in Brazil,
changes to the regulations affecting the Company's activities, delays in
obtaining or failure to obtain required regulatory approvals, uncertainties
relating to the availability and costs of financing needed in the future, the
uncertainties involved in interpreting drilling results and other geological
data, and the other risks involved in the gold exploration and development
industry. Any forward-looking statement speaks only as of the date on which it
is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or
otherwise. Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

    %SEDAR: 00008215E




For further information:

For further information: please visit the Company's website at
www.talonmetals.com or contact: Erica Belling, VP Investor Relations, Tau
Capital Corp., Tel: (416) 361-9636 x 243, Email: ebelling@taucapital.com

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