Pallinghurst Files Current Early Warning Report in respect of Talon Metals Corp.

GUERNSEY, CHANNEL ISLANDS, April 2, 2026 /CNW/ - Pallinghurst Nickel International Limited ("Pallinghurst") today announced that it has filed an updated early warning report in respect of common shares (each, a "Share") of Talon Metals Corp. ("Talon").  The updated early warning report was filed on a voluntary basis to report the Shares beneficially owned, or over which control or direction is exercised, by Pallinghurst taking into account various corporate actions undertaken by Talon since Pallinghurst's previous early warning report in respect of the Shares dated December 1, 2022, including, among other actions, various issuances by Talon of Shares and other securities convertible into, or exchangeable or exercisable for, Shares and a ten-to-one consolidation of the Shares.

Pallinghurst's previous early warning report disclosed that, as of December 1, 2022, Pallinghurst had ownership of, or exercised control or direction over, 142,688,907 Shares, representing approximately 16.77% of the issued and outstanding Shares on a non-diluted basis.  As of the date of the updated early warning report, Pallinghurst beneficially owns, or exercises control or direction over, 14,698,640 Shares, representing approximately 9.55% of the issued and outstanding Shares on a non-diluted basis.

Pallinghurst has no current plans or future intentions which relate to, or would result in, acquiring additional securities of Talon or disposing of securities of Talon, except that Pallinghurst may from time to time in the future seek to acquire additional securities of Talon (in the open market or pursuant to privately negotiated transactions), dispose of all or a portion of its securities of Talon and/or enter into derivative or other transactions with respect to such securities, in each case, depending on market conditions, the market price of such securities from time to time and other factors, including Pallinghurst's view of Talon's prospects, business and financial condition.

The updated early warning report containing additional information in respect of the foregoing has been filed on Talon's SEDAR+ profile at www.sedarplus.ca.  For further information or to obtain a copy of the updated early warning report, please visit Talon's profile on SEDAR+ at www.sedarplus.ca or contact Arne H. Frandsen, the Co-Chief Executive of The Pallinghurst Group, at [phone].  Pallinghurst's registered office is located at 23-25 Le Pollet, St Peter Port, GY1 1WQ, Guernsey, Channel Islands.

Talon's head office is located at Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands.

SOURCE Pallinghurst Nickel International Limited