TALON International Energy, Ltd. (the "Company") (TSX VENTURE:TAR) wishes to
announce that a cease trade order (the "Order") was issued on May 7, 2008
against the Company by the Alberta Securities Commission (the "ASC") for the
failure of the Company to file its audited annual financial statements and
management's discussion and analysis for the year ended December 31, 2007
("Annual Filings"). As a result of the Order, the TSX Venture Exchange suspended
trading in the Company's shares on May 7, 2008. The Annual Filings were filed on
SEDAR on May 8, 2008.


By letter dated October 1, 2008, the Company has made an application to the ASC
for a full revocation of the Order, and is currently working with the ASC to
this end. In conjunction with the Company's application for revocation of the
Order, the ASC has reviewed the Company's financial statements and management's
discussion and analysis (MD&A) for the period ended March 31, 2008, June 30,
2008 and the year ended December 31, 2007, and provided the Company with certain
comments in respect of the financial statements and MD&A.


The Company is currently working to revise its financial statements and MD&A for
the following periods to address the errors highlighted by the ASC in its
review:


- December 31, 2007 annual MD&A

- March 31, 2008 interim financial statements and MD&A

- June 30, 2008 interim financial statements and MD&A

At the request of the ASC, the Company intends to refile amended and restated
financial statements and MD&A and related certifications on or before February
28, 2009. The refiling of the interim financial statements will not alter
financial results previously contained within the statements. The changes are to
include notes to the interim financial statements and to add certain disclosure
necessary to address requirements of the CICA Handbook. With respect to the
MD&A's, the amendment and restatement of the interim and annual MD&A's involves
revisions necessary to more properly address the requirements of National
Instrument 51-102 and Form 51-102F1. Management has also implemented controls
over disclosure and financial reporting that are more comprehensive than they
were at the time the financial statements were originally filed.


The amended and restated financial statements, MD&A and related certifications
will be available under the Company's profile at www.sedar.com.


The Company is a public company traded on the TSX Venture Exchange under the
Symbol "TAR".