Talon reports results for the year ended December 31, 2012

TSX:TLO 
ROAD TOWN, Tortola, British Virgin Islands, March 22, 2013 /CNW/ - Talon 
Metals Corp., ("Talon" or the "Company") (TSX: TLO) reported a net loss from 
continuing operations and a net loss for the year ended December 31, 2012 of 
$18.4 million or $0.20 per share - basic and diluted, which includes an 
impairment loss of $11.2 million on its investment in Tlou Energy Limited 
("Tlou Energy") and the Company's share of loss in Tlou Energy of $2.3 million 
(2011: net loss from continuing operations of $13.8 million or $0.16 per share 
- basic and diluted and net loss of $4.9 million or $0.06 per share - basic 
and diluted). 
Capitalized exploration cost on the Trairão Iron Project for the year 
amounted to $2.6 million. This compares to $13.5 million for the year ended 
December 31, 2011. The total capitalized exploration cost on the Trairão 
Iron Project to December 31, 2012 amounts to $16.6 million. 
The Company recognized an impairment loss of $11.2 million on its investment 
shareholding in Tlou Energy, an unlisted public Australian based coal bed 
methane exploration company. Talon acquired the majority of its shares in 
Tlou Energy when it sold its interest in the Botswana CBM Project to Tlou 
Energy in November 2010. 
The impairment loss was based on the Company's assessment of the fair value of 
its interest in Tlou Energy, taking into account various approaches to 
valuation, including the income, cost and market approaches, but primarily the 
market approach. The write-down was based on a number of factors, including 
discussions management had with market participants in connection with the 
price at which Tlou Energy might raise capital in the near term and the 
general challenging market conditions associated with the ability for junior 
exploration companies to raise capital. 
At the beginning of the year, the Company's investment in Tlou Energy amounted 
to $19.6 million. The recognition of the impairment loss of $11.2 million, 
together with the Company's share of loss in Tlou Energy of $2.3 million for 
the year, results in a balance for the Company's investment in Tlou Energy at 
December 31, 2012 of $6.1 million. 
Consolidated Audited Financial Statements for the years ended December 31, 
2012 and 2011, together with Management's Discussion and Analysis and the 
Company's Annual Information Form, have been filed on SEDAR and are available 
at www.sedar.com. 
About Talon 
Talon is a TSX-listed company focused on the exploration and development of 
its iron projects in Brazil. The Company has a well-qualified exploration and 
mine management team with extensive experience in project management. 
For additional information on Talon please visit the Company's website  
atwww.talonmetals.com or contact: 
Sean Werger President Talon Metals Corp. Tel: (416) 361-9636 x 247 
Email:werger@talonmetals.com 
SOURCE: Talon Metals Corp. 
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CO: Talon Metals Corp.
NI: MNG ERN  
-0- Mar/22/2013 19:55 GMT
 
 
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