High-Grade Gold Confirmed Across Multiple Targets

Talon Resources plc (AIM: TAR), the North American gold exploration company, is pleased to announce the results of its Phase 1 exploration programme completed at the Eagle Lake gold project in Ontario, Canada ("Eagle Lake" or the "Project").

OVERVIEW

• Gold mineralisation confirmed across multiple priority targets, strengthening confidence ahead of maiden drilling expected to commence in Q4 2026.
• Channel sampling highlights include:

o 1.85m @ 7.17g/t Au, including 0.50m @ 24.40 g/t Au (East Fornieri Bay)

o 4.80m @ 4.47 g/t Au, including 1.0m @ 19.10 g/t Au (East Fornieri Bay)

o 5.70m @ 1.26 g/t Au, including 1.70m @ 3.15 g/t Au (Cedar Trench)

o 10.10m @ 0.57 g/t Au, including 2.50m @ 1.53 g/t Au (Cedar Trench)

• New Moss Knoll target identified, returning 8.00m @ 0.67 g/t Au, including 3.20m @ 1.10 g/t Au.
• Best grab sample returned 32.90 g/t Au at Parker Shear.
• Results will now be integrated with historical data and MINML's machine learning-assisted targeting platform to finalise drill targets for the maiden 1,000m diamond drilling programme.

Alex King, Chief Executive Officer, commented: "These results mark a strong start to our exploration programme at Eagle Lake. We have confirmed high-grade gold mineralisation across multiple priority targets while also identifying the new Moss Knoll prospect, which appears to extend the mineralised trend between Fornieri Bay and Parker Shear. The combination of strong grades, multiple targets and visible gold materially strengthens our confidence ahead of maiden drilling. We are now focused on refining the highest-priority targets for the maiden drilling programme planned for Q4, which will provide the first systematic drill test of Eagle Lake's discovery potential."

DETAILS

Eagle Lake hosts multiple known gold-bearing zones identified through historical exploration, including surface sample results of up to 204 g/t Au. While these results demonstrate the presence of high-grade gold mineralisation, the Project remains relatively underexplored and is now being systematically advanced through Talon's exploration programme.

The Company's Phase 1 exploration programme (see RNS dated 29 June 2026) comprised geological mapping, channel sampling and grab sampling across the Project's priority East Fornieri Bay, Cedar Trench and Parker Shear targets.

In total, eight channels were completed across four locations (see Table 1), generating 57 channel samples over 46.45m, together with six grab samples. Visible gold was noted at Fornieri Bay (see Figure 1), Cedar Trench and Moss Knoll and subsequently confirmed by fire assay (where applicable).

The programme confirmed gold mineralisation across multiple priority target areas and strengthened the Company's geological understanding ahead of its maiden drilling campaign. The programme also identified a previously unrecognised mineralised outcrop, named Moss Knoll, between Fornieri Bay and Cedar Trench. The outcrop displays geological characteristics similar to those observed at Parker Shear and is interpreted to lie along the same mineralised trend, representing a new exploration target.

Table 1: Selected Channel Sample Results

Note: The reported channel widths represent sample lengths measured along exposed surface outcrop and may not represent the true widths of the mineralised zones.

Grab sampling at Parker Shear returned grades of up to 32.90 g/t Au, with additional assays of 8.37 g/t Au, 4.57 g/t Au and 0.38 g/t Au. Grab samples from East Fornieri Bay and Moss Knoll returned 1.54 g/t Au and 0.82 g/t Au respectively.

Figure 1: Visible gold confirmed at Fornieri Bay: CH-03 - 1.0m @ 19.10 g/t Au.

The results from the Phase 1 exploration programme will be integrated with historical exploration data and incorporated into MINML's machine learning-assisted targeting platform to further refine the Company's geological model and support final drill planning ahead of its maiden diamond drilling campaign on track for Q4 2026.