Reasons for capital raising to Fund Project Development

Guys - plenty of reasons below why we should secure more funding to support project developments

The funds raised from the SPP will be used (depending on the amount raised): • To accelerate developments into the high-grade resources; and increase production levels to the maximum allowable under the resource consent being 20,000 cubic metres per

• To investigate and develop multiple sampling operations on the Talisman permit area
• To investigate and seek to install a pilot plant for underground concentration of ore which will reduce tonnage by 80% while increasing grade by a factor of approximately 4 times in concentrate form ]
• To gain access into level 9 and 10 and commence further extraction operations at deeps levels of the mine recently announced
• To accelerate completion of a bankable feasibility study
• To finalise toll treatment either in NZ or export of concentrate offshore
• Expand exploration programs aimed at building a +1m ounce minerals inventory

• To explore and implement initiatives to expedite activity, and potentially a greater interest in Rahu and other targeted areas such as Taukani Hill (where previous bonanza samples at surface were taken) and Dominion knoll which is highly prospective.
• To fund alternatives that may allow full mining at Talisman including alternate access to the orebody

Why is New Talisman issuing more Shares? The company intends to apply the funds:

• To accelerate developments into the high grade Dubbo zone which recently was upgraded 312,800oz gold equivalent at 21.98g/t; and increase production levels to the maximum allowable under the resource consent being 20,000 cubic metres per annum

• To investigate and develop multiple sampling operations on the Talisman permit area

• To install a pilot plant for underground concentration of ore which will reduce tonnage by 80% while increasing grade by a factor of approximately 4 times in concentrate form

• To gain access into level 9 and 10 and commence further extraction operations at deeps levels of the mine recently announced

• To accelerate completion of a bankable feasibility study

• To finalise toll treatment either in NZ or export of concentrate offshore

• Expand exploration programs aimed at building a +1m ounce minerals inventory

• To explore and implement initiatives to expedite activity, and potentially a greater interest in Rahu and other targeted areas such as Taukani Hill (where previous bonanza samples at surface were taken) and Dominion knoll which is highly prospective for gold.

• To fund alternatives that may allow full mining at Talisman including alternate access to the orebody. The above is in addition to those items already funded to complete the bulk sampling project plan to drive and accelerate the company into full mining and higher production levels and ultimately earnings.

These activities currently fully funded include:-

• Completion of 24 months of bulk sampling which produces positive cashflows
• Extracting from the mystery and higher levels of Dubbo vein • Completion of a prefeasibility study on the mine
• Upgrading all resources to JORC 2012 by 2018
• Installation of underground mining robots which are used specifically for narrow vein applications
• Purchase of all equipment necessary for bulk sampling
• Vermin eradication and disease prevention policies in conjunction with the regulatory bodies and the local community