Talon announces drilling underway at Agua Branca

    ROAD TOWN, Tortola, British Virgin Islands, Oct. 22 /CNW/ - Talon Metals
Corp. ("Talon" or the "Company") (TSX: TLO) is pleased to announce that
drilling is now underway at the Company's Agua Branca Gold Project ("Agua
Branca" or the "Project").
    As reported in a Talon news release of September 5, 2007, the Company is
conducting a minimum 2,000 metre diamond drill program to test the Heaven West
zone and Serra da Abelha target. Previously reported sampling from Heaven West
includes grab samples with up to 132.2 g/t Au and channel samples with up to
48.5 g/t Au over 1.50 metres. Visible gold was observed in several samples.
The Serra da Abelha target is defined by an 800 by 250 metre wide +100 ppb
gold in soil anomaly. The current drill program commenced at Serra da Abelha,
and will progress to Heaven West when road upgrades have been completed.
    A third new target area has also been discovered at Agua Branca, namely
Sierra Delta. This target is defined by a north-south trending gold in soil
anomaly. At the +100 ppb level, the anomaly measures 800 metres long by 200 to
500 metres wide. The anomaly is open at the northern end of the grid, where it
widens and strengthens, with values of up to 391 ppb Au. Additional work,
including extending the current soil grid, is underway to better evaluate this
new target area.
    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 Camarao Hill, the most advanced garimpo on the property. Gold
mineralization was encountered in all holes drilled at Camarao Hill. Heaven
West and Serra da Abelha are located 9.0 kilometres southwest and 1.5
kilometres southeast of Camarao Hill, respectively. The recently discovered
Sierra Delta target is located 1.7 kilometres northwest of Camarao Hill.

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

    About Talon

    Talon is a TSX-listed company focused on the acquisition, exploration and
advancement of high quality resource projects. The Company has a
well-qualified exploration and management team with extensive experience in
exploration and project management.
    Talon has a treasury of approximately $15.2 million and holds
approximately 4.9 million common shares of Brazauro Resources Corporation,

    Quality Assurance/Quality Control

    The soil samples for Sierra Delta reported in this news 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, an ISO
14001 and ISO 9001:2000 accredited laboratory, is independent of Talon. The
drill program will be conducted by Boart LongYear-Geoserv, an ISO 14001
accredited firm. Soil samples at Sierra Delta were collected at 50 metre
intervals on 200 metre spaced lines on a 1.2 kilometre by 0.6 kilometre grid.
    Samples for Heaven West and Serra da Abelha reported in the September 5,
2007 news 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.
    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 Agua
Branca, 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, the possibility that future
exploration results will not be consistent with the Company's expectations,
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.

For further information:

For further information: on Talon 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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