Ann: DIRECTOR: NTL: Chair Appointed and Talisman

• Release Date: 28/03/13 13:22
• Summary: DIRECTOR: NTL: Chair Appointed and Talisman Prefeasibility Completed
• Price Sensitive: No
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NTL
28/03/2013 11:22
DIRECTOR

REL: 1122 HRS New Talisman Gold Mines Limited

DIRECTOR: NTL: Chair Appointed and Talisman Prefeasibility Completed

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL and NTLOA or NTLO)
FOR IMMEDIATE RELEASE
Board Appoints New Chair / Talisman Prefeasibility Completed

New Talisman Gold Mines Limited (NZX: NTL) is pleased to announce that Mr J
Murray McKee has been appointed Chair of the New Talisman Gold Mines Board,
effective today.  Mr McKee has been Acting Chair from 1st August 2012.

Murray McKee practices as a public policy and risk management adviser in
Wellington specialising in the emergency services and minerals industries. He
previously held operations management positions with a US offshore oil and
gas exploration company (1975-1987), senior management positions with Coal
Corporation of New Zealand Limited (1987-1995) and the NZ Fire Service
Commission (1996 to 2012). He was Chairman of the Coal Research Association
of New Zealand (1995) and a councillor on the New Zealand Minerals Industry
Association (1993-1995).  He was a ministerial appointee to the New Zealand
Conservation Authority for two terms and has served on both the West Coast
and Tongariro/Taupo Conservation Boards.

Mr McKee has served on the Board for 17 years, being appointed a Director on
16 March 1996.

In line with earlier advice to the market the Board received the draft
pre-feasibility report on the Talisman gold mine today.  The Board expects to
release a summary of the report's finding in the coming days.

Mr McKee welcomed delivery of the pre-feasibility report and congratulated
the company's managers and advisers on bringing such a comprehensive body of
work together on time and on budget.  "With my fellow directors I look
forward to studying the report over the long weekend. Subject to the detailed
findings and recommendations of the report I anticipate moving to the next
stage in the development of the Talisman gold mine within a very short time
frame" Mr Mckee said.

Matthew Hill
Executive Director
New Talisman Gold Mines Limited

About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZX Main Board & ASX: NTL) with 1800
shareholders who are mainly from Australia and New Zealand. It is a leading
New Zealand minerals development and exploration company with a portfolio of
high quality mineral interests. Its gold properties near Paeroa in the
Hauraki District of New Zealand are a granted mining permit, including a JORC
compliant mineral resource within the original Talisman underground mine, and
an adjacent exploration permit along strike from the mine. The company is now
advancing its plans to develop the mine, and advance the exploration project.
Through a subsidiary company, New Talisman Gold owns 21.7% of Broken Hill
Prospecting Limited, which is planning to develop a cobalt project at
Thackaringa, about 25 kilometres south-west of Broken Hill in Australia. BPL
is listed on the ASX (Code: BPL). More about New Talisman Gold at
www.newtalismangold.co.nz
End CA:00234677 For:NTL    Type:DIRECTOR   Time:2013-03-28 11:22:10