TALONX RESOURCES LIMITED — Capital/Financing Update 2008

Nov 5, 2008

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ACN: 009 067 476

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ASX RELEASE

6 November 2008

WITHDRAWAL OF ELA/1946 FOR THE CONSIDERATION OF $2,350,000

Mount Burgess Mining NL has withdrawn an Exploration Licence Application, ELA45/1946, in the Pilbara Mineral Field of Western Australia, in favour of Newcrest Operations Limited. Consideration for this withdrawal was an amount of $2,350,000 which was paid by Newcrest Mining Limited. ELA45/1946 contains the Camp Dome deposit, situated 15km north of Newcrest Mining Limited’s Telfer Mining operations.

For further information please contact: Nigel Forrester 08 9322 6311