22 July 2026

Talon Resources plc

("Talon" or the "Company")

High-Grade Gold Confirmed Across Multiple Targets at Eagle Lake

New Moss Knoll target identified ahead of maiden drilling

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.

Qualified Person Statement

The technical information contained in this announcement has been reviewed and approved by Douglas Murray, P.Geo., a Professional Geoscientist registered with Engineers and Geoscientists British Columbia. Mr Murray has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as a Qualified Person as defined by the AIM Note for Mining, Oil and Gas Companies.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). The Directors of the Company are responsible for this announcement.

ENDS

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NOTES

Talon Resources PLC (AIM: TAR) is a gold exploration company focused on high-impact discovery opportunities across North America. Its initial asset is the Eagle Lake gold project in Ontario's Wabigoon Subprovince, where it holds a 90% interest in a land package with multiple high-grade gold targets and significant exploration upside. Through its collaboration with MINML, Talon is also generating new targets across the Wabigoon Subprovince using machine learning-assisted prospectivity mapping, while continuing to evaluate additional opportunities elsewhere in North America.

Forward-Looking Statements

This announcement may contain forward-looking statements. These statements are made by the Directors in good faith based on the information available to them at the time of their approval of this announcement and such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.