TALONX RESOURCES LIMITED — Capital/Financing Update 2011

Mar 10, 2011

ACN 009 067 476

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ASX RELEASE

11 March 2011

DELINEATION OF COPPER ANOMALY KIHABE/NXUU BASE METALS PROJECT - BOTSWANA

Copper Anomaly

Further to the announcement released to the market on 3 March, the Company is pleased to advise that continuing XRF in-field analysis of closely spaced soil geochemical samples, has confirmed the presence of a significant copper/cobalt anomaly.

These in-field XRF results when joined with those of a previous soil geochemical sampling programme to the east, show that the anomaly has an W/E strike length of 2.4km. It is coincident with an elevated magnetic anomaly and a discrete line of trees (Terminalia). Elevated Cu values recorded were up to 68ppm against a normal background of less than 10ppm and elevated Co values recorded were up to 281ppm. The Company does not have any record of background Co values in this area. Previous drilling in this area has shown that the Kalahari sand cover is about 6m deep.

All samples were collected from 10cm below surface. The in-field XRF results were from samples collected every 50m N/S along sample lines spaced 100m W/E. Samples from the previous eastern programme were collected every 200m N/S along sample lines spaced 200m W/E. In-fill sampling will be now be conducted over the eastern programme.

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The copper anomaly is situated some 10km to the NE of the Kihabe Zn/Pb/Ag deposit.

Drilling will be required to determine the resource potential of this anomaly.

Tswee Tswee Anomaly

In field XRF assaying of samples collected from the 9.9 sq. km Tswee Tswee Anomaly (Copper) is now in progress .

The information in this release that relates to exploration results, together with any related assessments and interpretations, is based on information approved for release by Mr. Giles Rodney Dale of GR Dale and Associates. Mr. Dale is a Fellow of the Australian Institute of Mining and Metallurgy. Mr. Dale has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves”. Mr. Dale consents to the inclusion in this release of matters based on this information in the form and context to which it appears.

About Mount Burgess Mining N.L.

Mount Burgess Mining N.L. is an established and experienced Australian exploration company with interests focused in southern Africa. The Company’s primary asset is the zinc, lead and silver resource currently being developed at Kihabe-Nxuu in North Western Botswana. The Company has tenements covering the entire proterozoic meta-sedimentary belt between Botswana and Namibia. The area has excellent potential for hosting Kimberlites, rare earth elements and base metals, the focus for continuing exploration. Perth based Mount Burgess has been listed on the Australian Stock Exchange since 1985 and has local asset status in Botswana.

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