Talon Metals reports first results from 2007 drilling program at Agua Branca Project


    ROAD TOWN, Tortola, British Virgin Islands, Jan. 2 /CNW/ - Talon Metals
Corp. ("Talon" or the "Company") (TSX: TLO) today announces the results of
nine drill holes from the ongoing diamond drilling program on the Company's
100%-owned Agua Branca Project ("Agua Branca" or the "Project"), located in
the Tapajos Gold District, Para State, Brazil.
    The Company has drilled 1,260.96 metres to date in eleven diamond drill
holes on this program at Agua Branca. This news release includes assay results
from eight drill holes at the Serra da Abelha target and one drill hole at the
Jerimun target. Assay results are pending from the two holes drilled at the
Heaven West zone.

    Highlights of the results include:

    -   1.31 g/t Au over 7.45 metres and 1.24 g/t over 7.14 metres in
        ABD-022-07 (Jerimun)
    -   9.54 g/t Au over 0.98 meter in ABD-020-07 (Serra da Abelha)
    -   3.05 g/t Au over 1.00 metre in ABD-014-07 (Serra da Abelha)
    -   3.72 g/t Au over 1.00 metre in ABD-018-07 (Serra da Abelha)
    -   1.50 g/t Au over 2.24 metres in ABD-015-07 (Serra da Abelha)


    Drilling at Serra da Abelha intersected a very coarse-grained,
syenogranitic intrusive body, which has intense hydrothermal alteration. The
principal alteration assemblage includes silica, K-feldspar, chlorite, minor
sericite and carbonate. The drilling has indicated that the mineralizing
systems at Serra da Abelha are not enriched with sulphides and have low grade
gold mineralization. No further work is planned at Serra da Abelha. Future
work at Agua Branca will be focused on the Heaven West zone and the Sierra
Delta target which are now considered to be more prospective.
    A single pilot drill hole (ABD-022-07) at Jerimun successfully
intersected two mineralized shear zones in the saprolitic zone. Oxidised
sulphides (between 1.0 up to 4.0% of the rock content) are disseminated in the
sericitic alteration zones associated with these shear zones. Further drilling
is being contemplated on this target.
    Following a seasonal break, the drilling program will re-commence in
January 2008, to complete the ongoing Heaven West exploration program and
subsequently to test the Sierra Delta target.
    The Heaven West zone is characterized by a series of north and north
north-east trending quartz veins which have recorded high grade gold values
(including 132.2, 109.9, 107.0 and 66.0 g/t Au in grab samples as reported in
the Company's September 5, 2007 news release) that occur within a strong
hydrothermal system superimposed over a monzo-granitic stock.
    Sierra Delta is defined by a significant north-south trending gold in
soil anomaly. At the +100 ppb threshold level, the anomaly measures 650 metres
long by between 250 and 500 metres wide.


    Table 1. Agua Branca 2007 Drill Program Assay Summary

    ABD-014-07 - Serra da Abelha Target (inclination: -60 degrees, azimuth:
    360 degrees, length: 120.60 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      68.19     69.19      1.00      3.05
                      79.23     81.23      2.00      1.27
                      81.23     92.10     10.87      0.26

    ABD-015-07 - Serra da Abelha Target (inclination: -50 degrees, azimuth:
    130 degrees, length: 115.00 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      58.00     59.15      1.15      1.40
                      88.76     91.00      2.24      1.50

    ABD-016-07 - Serra da Abelha Target (inclination: -50 degrees, azimuth:
    180 degrees, length: 115.10 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      97.72    104.35      6.63      0.24

    ABD-017-07 - Serra da Abelha Target (inclination: -50 degrees, azimuth:
    180 degrees, length: 113.20 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      17.46     23.22      5.76      0.43
                      26.73     32.60      5.87      0.55

    ABD-018-07 - Serra da Abelha Target (inclination: -50 degrees, azimuth:
    180 degrees, length: 118.10 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      37.79     43.34      5.55      0.21
                      43.34     44.34      1.00      3.73
                      79.66     80.58      0.92      1.84
                      80.58     84.76      4.18      0.22
                     105.91    107.04      1.13      1.07
                     113.83    114.97      1.14      1.04

    ABD-019-07 - Serra da Abelha Target (inclination: -50 degrees, azimuth:
    180 degrees, length: 112.10 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      58.29     58.76      0.47      0.73

    ABD-020-07 - Serra da Abelha Target (inclination: -50 degrees, azimuth:
    150 degrees, length: 118.10 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                     109.90    110.88      0.98      9.54

    ABD-021-07 - Serra da Abelha Target (inclination: -50 degrees, azimuth:
    150 degrees, length: 113.45 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      61.44     63.75      2.31      0.50
                      94.35     95.15      0.80      0.72

    ABD-022-07 - Jerimun Target (inclination: -50 degrees, azimuth:
    140 degrees, length: 115.10 metres)

                       From       To     Width(*)   Au(xx)
                     (metres)  (metres)  (metres)   (g/t)
                      23.76     30.90      7.14      1.24
                              including    1.00      5.14
                      35.50     42.95      7.45      1.31
                              including    0.93      4.33
    (*)  widths are drill intersected and do not represent true widths
    (xx) Au grades are uncut

    Quality Assurance/Quality Control and Qualified Person

    The drill holes reported in this release were collared using HQ
(63.5mm)-sized core in the oxidized saprolite zone and NQ (47.6mm)-sized core
in the fresh (sulphide) bedrock. The core is logged and photographed by Talon
staff and then split using a diamond saw. Half the core is stored on-site in a
secure core shed and the other half is sampled, bagged, secured, and stored
on-site until several holes are ready for transporting by road to SGS-Geosol
Laboratorio Ltda's ("SGS") sample-preparation laboratory in Itaituba, Brazil.
The entire half-core is crushed and two kilograms is pulverized and
homogenized. 150 gram pulps are then air-freighted by SGS to their main assay
laboratory in Belo Horizonte, Minas Gerais State, Brazil. SGS is ISO14001 and
ISO 9001:2000 accredited and is independent of Talon.
    Gold is determined by fire assay/atomic absorption with a detection limit
of 5ppb 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. Quality assurance/quality
control procedures include the submission by Talon of systematic duplicates,
blanks and standard samples within the sample batches submitted to SGS. In
addition, SGS inserts its own standards into each sample batch. The results
from these control samples indicate acceptable consistency of analysis.
Selected representative pulverized sample duplicates are submitted for referee
analyses to ALS Chemex's laboratory in Vancouver, an ISO 9001:2000 and ISO
17025 accredited laboratory which is independent of Talon.
    Talon's exploration programs are 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. Geological logging, sampling and core handling
procedures were carried out under the supervision of Mr. Ilidio.

    About Talon

    Talon is a TSX-listed company 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.
    Talon has a treasury of approximately CDN$14.6 million. For additional
information on Talon and its projects visit the Company's website at

    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 regulations affecting the
Company's activities, delays in obtaining or failures 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: on Talon and its projects visit the Company's
website at www.talonmetals.com or contact: Erica Belling, CFA, P.Eng., VP
Investor Relations, Tau Capital Corp., Tel: (416) 361-9636 x 243, Email:

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