Talon Metals reports second quarter 2008 results


    ROAD TOWN, Tortola, British Virgin Islands, Aug. 13 /CNW/ - Talon Metals
Corp. ("Talon" or the "Company") (TSX: TLO) reported net earnings for the
three month period ended June 30, 2008 of $1,023,538 or $0.04 per share (basic
and diluted) primarily due to a $1,462,650 unrealized gain on investments. Net
earnings for the six month period were $293,990 or $0.01 per share (basic and
diluted). This compares to a loss of $978,845 or $0.04 per share (basic and
diluted) for the three months ended June 30, 2007 and earnings of $8,467,901
or $0.31 per share (basic and diluted), for the first six months of last year.
    Capitalized exploration for the three and six month periods ended
June 30, 2008, amounted to $442,699 and $935,841 respectively. This relates
mainly to work done on the Agua Branca Project. This compares to $548,696 and
$1,056,722 for the three and six month periods respectively of last year.
    Consolidated Interim Financial Statements for the three and six months
ended June 30, 2008, along with Management's Discussion and Analysis, have
been filed on SEDAR and are available at www.sedar.com.

    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.

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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