ROAD TOWN, Tortola, British Virgin Islands, March 28 /CNW/ - Talon Metals
Corp., formerly BrazMin Corp., ("Talon" or the "Company") (TSX: TLO) reported
net income for the year ended December 31, 2007 of $6,753,593 or $0.25 per
share - basic and diluted (2006: net loss of $1,976,205 or $0.08 per share -
basic and diluted). In 2007 net income was primarily due to gains on mineral
properties and investments, with the largest gain a result of the sale of the
Tocantinzinho Gold Project in the first quarter.
For the three month period ended December 31, 2007 Talon reported a net
loss of $1,722,479 or $0.06 per share - basic and diluted. (2006: net loss of
$793,500 or $0.03 per share - basic and diluted).
Capitalized exploration for the year amounted to $2,091,976 (total to
date is $8,797,395) and mainly reflects work performed on the agua Branca Gold
Project in Para State, Brazil.
Consolidated Audited Financial Statements for the years ended
December 31, 2007 and 2006, together with Management's Discussion and
Analysis, have been filed on SEDAR and are available at www.sedar.com.
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.
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: firstname.lastname@example.org