TALON METALS ANNOUNCES RESULTS FROM A DETAILED DRILLING PROGRAM ON TARGET AREA 1 AT THE TRAIRÃO IRON PROJECT, BRAZIL

ROAD TOWN, Tortola, British Virgin Islands, May 11 /CNW/ --
TSX:TLO

ROAD TOWN, Tortola, British Virgin Islands, May 11 /CNW/ - Talon Metals
Corp. ('Talon' or the 'Company') (TSX: TLO) is pleased to announce the
results from the detailed drilling of 13 holes in a geostatistical
'cross' on Target Area 1 at its 100% owned Trairão Iron Project,
located in Pará State, Brazil.

These 13 reverse circulation ('RC') holes were drilled in a cross
configuration, with three holes on each of the four arms of the cross,
drilled between 25 and 50 metres apart (see Figure 1) in the vicinity
of drill hole TRC-0010 of the original RC drill program. The primary
aim of this detailed drilling program is to determine the rate of
geostatistical variance in the grade of the hematite mineralization in
the surficial deposits and the saprolite and saprock zones. The
analysis of these data will influence the drill layout program, which
in turn will aim to delineate indicated and measured mineral resources.

While the geostatistical analysis of the drill data continues, the
drilling also served to provide drilling information below 50 metres
depth, which was the depth limit of the initial RC drilling program in
this area. That initial drilling program of 23 RC holes, drilled on a
400 metre x 200 metre spacing over 2,400 metres of strike to 50 metres
depth, delineated a NI 43-101 compliant inferred mineral resource
estimate for Target Area 1 of approximately 238 million tonnes at a
grade of approximately 39% Fe (using a 25% Fe cut-off).

In these 13 holes within the geostatistical cross, drilling extended
beyond 50 metre depth to the maximum depth of drilling capability or
until the hole had drilled through the visible mineralized zone. All 13
holes intersected iron mineralization and nine of them intersected iron
mineralization over widths of between 72 and 100 metres, all with
grades in excess of 30% Fe, with the best wide intersection being in
drill hole TRC-0085 which intersected 80 metres of mineralization at a
grade of 39.61% Fe. In nine of the holes, the mineralization remains
open at depth, as drilling was terminated at the maximum capacity of
the drill rig, at drilling depths of between 75 and 100 metres and will
require further deeper drilling in the next phase of drilling. The
drilling also confirmed a higher grade enriched zone at surface with
grades, in ten of the 13 holes, of between 41% Fe and 52% Fe over
drilling intervals of between 12 and 36 metres.

'We are very encouraged by these results, for although we await the
results of the geostatistical analysis being undertaken by our
consultants, Coffey Mining, the results indicate that the iron
mineralization commonly extends in the saprolite and saprock zones to
depths of 70 to 100 metres, which is considerably deeper than
originally we had anticipated and also deeper than the 50 metre limit
of drilling, on which the inferred resource was calculated in this
area,' said Mr. Stuart Comline, President and CEO of Talon. 'It is also
encouraging that the near surface, high grade mineralized zone surface
has been confirmed by this close spaced drilling program.'

The results of the 13 holes are as follows:

Table 1 - 13 Drill Hole Intersections within the Geostatistical Cross on
Target Area 1

 _____________________________________________________
| Hole ID |E.O.H.*|From (m)|To (m)|Interval**|Grade***|
|         |  (m)  |        |      |   (m)    | (% Fe) |
|_________|_______|________|______|__________|________|
|TRC-0083 | 85.00 |   0.00 |85.00 | 85.00(#) |  32.79 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |36.00 |   36.00  |  40.80 |
|_________________|________|______|__________|________|
|TRC-0084 | 81.00 |   0.00 |24.00 |   24.00  |  42.70 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |12.00 |   12.00  |  52.03 |
|_________________|________|______|__________|________|
| TRC-0085| 80.00 |   0.00 |80.00 | 80.00(#) |  39.61 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |17.00 |   17.00  |  46.48 |
|_________________|________|______|__________|________|
|TRC-0086 | 80.00 |   0.00 |80.00 | 80.00(#) |  36.03 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |34.00 |   34.00  |  41.35 |
|_________________|________|______|__________|________|
|TRC-0087 | 80.00 |   0.00 |80.00 | 80.00(#) |  36.33 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |28.00 |   28.00  |  46.48 |
|_________________|________|______|__________|________|
|TRC-0088 | 75.00 |   0.00 |75.00 | 75.00(#) |  38.76 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |23.00 |   23.00  |  48.83 |
|_________________|________|______|__________|________|
|TRC-0089 | 76.00 |   0.00 |76.00 | 76.00(#) |  36.69 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |34.00 |   34.00  |  42.99 |
|_________________|________|______|__________|________|
|TRC-0090 | 80.00 |   0.00 |80.00 | 80.00(#) |  34.25 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |32.00 |   32.00  |  45.10 |
|_________________|________|______|__________|________|
|TRC-0091 | 80.00 |   0.00 |80.00 | 80.00(#) |  37.16 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |28.00 |   28.00  |  47.48 |
|_________________|________|______|__________|________|
|TRC-0092 |100.00 |   0.00 |64.00 |   64.00  |  28.49 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |16.00 |   16.00  |  37.81 |
|_________________|________|______|__________|________|
| TRC-0093|100.00 |   0.00 |100.00|100.00(#) |  27.34 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |25.00 |   25.00  |  38.88 |
|_________________|________|______|__________|________|
|TRC-0094 | 100.00|   0.00 |72.00 |   72.00  |  31.05 |
|_________|_______|________|______|__________|________|
|(including)      |   0.00 |13.00 |   13.00  |  48.46 |
|_________________|________|______|__________|________|
|TRC-0095|  100.00|   0.00 |17.00 |   17.00  |  44.56 |
|________|________|________|______|__________|________|

 __________________________________________________________________
|Notes:                                                            |
|(*) E.O.H. means 'End of the hole'                                |
|(**) intervals do not represent the true widths                   |
|(***) Fe grade are uncut                                          |
|((#)) Mineralization open at depth                                |
|1.  The prefix TRC on the Hole_ID column indicates RC drill holes.|
|All RC drill holes were drilled vertically.                       |
|__________________________________________________________________|

Drilling continues with two RC rigs which are now focusing on drilling
Target Areas 4, 5 and 6, as the preliminary RC drilling program on the
entire cumulative strike of 21 kilometres on Target Areas 1, 2 and 3
has been completed and assay results are awaited. The three diamond
drill rigs are undertaking infill drilling on Target Area 1. Geological
mapping and detailed magnetic surveys also continues on the remaining
Target Areas 7 to 13 which have an estimated cumulative strike of
approximately 30 kilometres.

Quality Assurance, Quality Control and Qualified Person


All drilling samples have been prepared and analyzed by SGS-Geosol
Laboratórios Ltda ('SGS') which is ISO14001:2004 and ISO 9001:2008
accredited and is independent of Talon. Sample preparation was
conducted at SGS Parauapebas preparation facility whereas analyses were
performed at the SGS laboratory based in Belo Horizonte, Brazil. The
samples were analyzed by fusion with lithium tetraborate-XRF for SiO(2), Al(2)O(3), CaO, Fe(2)O(3), K(2)O, MgO, TiO(2), P, Mn and Cr(2)O(3) and retained moisture (LOI) by multi-temperature.

QA/QC procedures include the submission by Talon of systematic
duplicates, blanks and standard samples within every sample batch
submitted to SGS. In addition, SGS inserts its own standards, blanks
and duplicate samples. The results from these control samples indicate
acceptable consistency of analysis.

Talon's exploration programs are being managed by Talon's VP
Exploration, Mr. Paulo Ilidio de Brito (Member: AusIMM), who is
qualified person within the meaning of National Instrument 43-101. Mr.
Ilidio de Brito, who is an employee of Talon, is responsible for the
technical material in this news release and has verified the data
disclosed in this news release (including sampling, analytical and test
data underlying the information), other than with respect to the
inferred mineral resource estimate mentioned above.

The qualified person (within the meaning of National Instrument 43-101)
who prepared the inferred mineral resource estimates mentioned in this
news release is Mr. Bernardo Horta de Cerqueira Viana, who is a
geologist independent of Talon and an employee of Coffey Mining Ltd.
('Coffey'). Mr. Viana is a member of the Australian Institute of
Geoscientists ('AIG'). Coffey compiled a National Instrument 43-101
compliant technical report on Target Areas 1 and 2 of the Trairão Iron
Project entitled 'Second Independent Technical Report on Mineral
Resources' dated March 29, 2011.

About the Trairão Project


Talon's 100% owned Trairão Iron Project is situated within the Serra da
Seringa Archean age greenstone belt, within the Carajás Mineral
Province in Brazil, which also hosts numerous other iron ore deposits.
The Trairão Project comprises eight exploration licences and four
applications for exploration licences, for a total area of 77,390
hectares (191,234 acres). The primary protore iron mineralization in
the project area is magnetite-rich BIFs. The BIFs are associated with
positive magnetic anomalies and are preserved in nine discreet areas
with a cumulative strike length of some 50 kilometres, which mostly
form prominent ridges, locally capped by extensive preserved supergene
enriched hematite deposits, which are developed in surficial and
saprolite zones.

To view Figure 1: Geology and Drilling Layout - Target Area 1 Trairão Iron Project, Brazil
please visit: http://files.newswire.ca/882/Figure_1_Talon_Metals.doc

About Talon


Talon is a TSX-listed company focused on the exploration and development
of the Trairão Iron Project in Pará State, Brazil. The Company has a
well-qualified exploration and management team with extensive
experience in exploration and project management.

Talon has a treasury of approximately CDN$34 million and has 91,547,037
common shares outstanding and 105,546,189 shares on a fully diluted
basis.

Forward-Looking Information


This news release contains forward-looking information. All statements,
other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or
anticipates will or may occur in the future (including, without
limitation, statements regarding potential mineralization, the depth of
the mineralization and the Company's exploration plans and objectives)
are forward-looking information. This forward-looking information
reflects the current expectations or beliefs of the Company based on
information currently available to the Company. Forward-looking
information is subject to a number of risks and uncertainties that may
cause the actual results of the Company to differ materially from those
discussed in the forward-looking information, and even if such actual
results are realized or substantially realized, there can be no
assurance that they will have the expected consequences to, or effects
on the Company. Factors that could cause actual results or events to
differ materially from current expectations include, among other
things, risks related to the exploration stage of the Company's
properties, the possibility that future exploration results will not be
consistent with the Company's expectations (including identifying
additional and/or deeper mineralization), changes in the price of iron
ore, changes in equity markets, political developments in Brazil,
uncertainties relating to the availability and costs of financing
needed in the future, changes to regulations affecting the Company's
activities, delays in obtaining or failures to obtain required
regulatory approvals, the uncertainties involved in interpreting
exploration results and other geological data and the other risks
involved in the mineral exploration business. Forward-looking
information speaks only as of the date on which it is provided and,
except as may be required by applicable securities laws, the Company
disclaims any intent or obligation to update any forward-looking
information, whether as a result of new information, future events or
results or otherwise. Although the Company believes that the
assumptions inherent in the forward-looking information are reasonable,
forward-looking information is not a guarantee of future performance
and accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.

The mineral resource figure disclosed in this news release is an
estimate and no assurances can be given that the indicated levels of
iron will be produced. Such estimate is an expression of judgment based
on knowledge, mining experience, analysis of drilling results and
industry practices. Valid estimates made at a given time may
significantly change when new information becomes available. While the
Company believes that the mineral resource estimate disclosed in this
news release is well established, by their nature mineral resource
estimates are imprecise and depend, to a certain extent, upon
statistical inferences which may ultimately prove unreliable. If such
estimate is inaccurate or reduced in the future, this could have a
material adverse impact on the Company.

Mineral resources are not mineral reserves and do not have demonstrated
economic viability. Inferred mineral resources are estimated on limited
information not sufficient to verify geological and grade continuity or
to allow technical and economic parameters to be applied. Inferred
mineral resources are too speculative geologically to have economic
considerations applied to them to enable them to be categorized as
mineral reserves. There is no certainty that mineral resources can be
upgraded to mineral reserves through continued exploration.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/May2011/11/c3641.html

For additional 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