TALONX RESOURCES LIMITED — Capital/Financing Update 2008

Sep 16, 2008

ACN: 009 067 476

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ASX RELEASE

17 September 2008

SALE OF ROYALTIES

Mount Burgess Mining NL owns three royalty agreements in respect of the Red October gold deposit and various exploration ground holdings in the Butcher Well area, south of Laverton, in Western Australia.

Agreement has been reached for the sale of these royalties for an amount of $500,000.

The current owners of the Red October gold deposit and the various exploration ground holdings, have a 30 day period from the 10[th] of September, within which to exercise their pre-emptive right.

For further information please contact:

Nigel Forrester Chairman & Managing Director