Thanks once again Pau.
I managed to fix the above error. It was a symlink issue which forced the build to use the old libtalloc.
arm-none-eabi-ld: section .text.exceptions VMA [0080001c,00800037] overlaps section .compal.reservedram VMA [00800000,008000fe]
Makefile.inc:135: recipe for target 'board/compal_e88/hello_world.e88flash.elf' failed
make[1]: *** [board/compal_e88/hello_world.e88flash.elf] Error 1
make[1]: Leaving directory '/home/tyrus/osmocom-bb/src/target/firmware'
Makefile:89: recipe for target 'firmware' failed
make: *** [firmware] Error 2