TALONX RESOURCES LIMITED — Capital/Financing Update 2017

Oct 11, 2017

ASX Code: MTB

==> picture [220 x 80] intentionally omitted <==

12 October 2017

Proposed Issue of Securities

The Company has secured verbal commitments for the placement of approximately 27,277,778 ordinary shares by way of a placement to sophisticated investors, in accordance with Listing Rule 7.1.

The Company has the capacity to issue 47,187,000 ordinary shares under Listing Rule 7.1. Shares issued will rank equally with all other existing shares.

The issue price of the shares is 0.9 of one cent per share and will raise the Company $245,500 before costs. The purpose of the issue is to provide funds for ongoing exploration including diamond drilling at the Nxuu and Kihabe deposits and administration costs.