Following its successful AIM admission, Talon Resources has taken the next step in its growth story by commencing field exploration at the Eagle Lake Gold Project in Ontario, Canada. The company has moved quickly into execution, with geologists now on site validating high-grade gold targets and preparing for a maiden drilling campaign later this year. With historical surface samples returning grades of up to 204 g/t gold, today's announcement marks the start of an active exploration phase that investors can follow through a series of news-flow catalysts over the coming months.

Key Highlights

• Phase 1 exploration programme now underway at Eagle Lake.

• Historical surface samples returned grades of up to 204 g/t gold.

• Eight priority gold target areas to be evaluated.

• Critical Discoveries appointed to manage exploration activities.

• Results will refine drill targets ahead of drilling.

• Initial 2,000 metre drilling programme planned for Q4 2026.

From IPO to Exploration

When Talon Resources joined AIM, management outlined a clear objective: rapidly advance the Eagle Lake Gold Project towards drilling.

Today's announcement demonstrates that strategy is already being delivered.

Field activities have officially begun across the project, marking the transition from historical exploration to an active work programme designed to generate high-confidence drill targets.

For investors, this is an important milestone. Junior exploration companies create value by steadily reducing geological uncertainty, and every stage of exploration brings the project closer to the ultimate objective—testing the ground through drilling.

With work now underway, Talon has entered the next phase of its development.

Unlocking the Potential of Eagle Lake

The Eagle Lake Gold Project covers almost 20 km² across 95 contiguous mining claims near Dryden in northwestern Ontario.

While previous exploration confirmed the presence of multiple gold-bearing zones, modern exploration across the property remains at a relatively early stage, providing Talon with an opportunity to apply current geological techniques across a highly prospective land package.

One of the standout historical results is a surface sample grading 204 g/t gold, highlighting the presence of exceptionally high-grade mineralisation within the project area.

The focus now is on understanding how these gold occurrences fit within the wider geological system and identifying the most prospective locations for drilling.

To achieve this, Talon's Phase 1 programme will include detailed geological mapping, channel sampling of mineralised outcrops and trenches, together with systematic prospecting across eight priority target areas.

The information collected will be integrated with historical datasets to build a stronger geological model and prioritise drill locations.

Why Ontario Continues to Attract Gold Exploration

Eagle Lake is located within Ontario's Wabigoon Subprovince, part of the ancient Superior Province, one of the world's most productive Archean greenstone terrains.

These geological belts have produced some of Canada's largest gold discoveries and continue to attract exploration investment as companies search for the next generation of deposits.

The project also benefits from its location near Dryden, an area that has seen increasing exploration activity in recent years.

Neighbouring projects such as Goldlund and Goliath, owned by NexGold Mining, demonstrate the prospectivity of the wider district and highlight why companies continue to secure ground across this part of Ontario.

Combined with a strong gold price environment and growing interest in secure mining jurisdictions, the region is becoming an increasingly attractive destination for exploration companies.

Building Momentum Towards Drilling

Today's field programme is the first step in a clearly defined exploration roadmap.

Following completion of the current work, Talon plans further follow-up exploration during the third quarter before commencing an initial 2,000 metre drilling programme in Q4 2026.

Importantly, drilling will be completed in two phases of approximately 1,000 metres each, allowing geological information from the first phase to help refine the second.

This staged approach provides flexibility while ensuring exploration efforts remain focused on the highest-priority targets as new information becomes available.

Supporting the programme is Canadian geological consultancy Critical Discoveries, which will oversee field operations, permitting and engagement with local stakeholders as exploration advances.

With boots now on the ground and a structured work programme in place, Talon has established a clear pathway towards its first drill campaign.

What Investors Should Watch

The coming months are expected to provide a steady flow of exploration news, including:

• Results from channel sampling.

• Geological mapping updates.

• Prioritised drill targets.

• Completion of Phase 1 exploration.

• Commencement of the maiden drilling programme.

• Initial drill assay results.

Each milestone will help build a clearer picture of Eagle Lake's potential as Talon continues to advance the project.

Our View

Talon Resources has moved quickly from IPO to execution, demonstrating its intention to maintain momentum at the Eagle Lake Gold Project. While today's announcement is the beginning of the exploration journey rather than the end, it represents an important milestone as the company starts generating the geological data needed to support its maiden drilling campaign.

With historical gold grades of up to 204 g/t, a substantial land package in one of Canada's most prospective gold regions and a clearly defined exploration roadmap, Eagle Lake is now entering an exciting phase where each exploration milestone has the potential to build the investment story further.

For investors, the focus now shifts to the results of the current field programme and the progression towards drilling later this year, where the next chapter in Talon's growth story is set to unfold.