Ann: DIRECTOR: NTL: Coromandel Gold Limited Update

• Release Date: 07/07/14 16:28
• Summary: DIRECTOR: NTL: Coromandel Gold Limited Update
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					NTL
07/07/2014 16:28
DIRECTOR

REL: 1628 HRS New Talisman Gold Mines Limited

DIRECTOR: NTL: Coromandel Gold Limited Update

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL or NTLOA)
FOR IMMEDIATE RELEASE
COROMANDEL GOLD LIMITED UPDATE

Geoff Hill Resignation from Coromandel Gold

New Talisman Gold Mines Limited announced today that Mr Geoffrey Hill has
resigned from the board of 100% owned subsidiary Coromandel Gold Limited
(CGL) effective 30th June 2014.  Geoff's resignation from CGL severs his last
governance link with NTL and NTL has expressed to Geoff its appreciation of
his long service to the company.

Geoff Hill chaired the board of NTL for many years until March 2012.  In that
capacity his long experience on the boards of listed Australian industrial,
financial and mining companies served the company well.  Under his careful
stewardship the company successfully built a portfolio of highly prospective
exploration permits and raised the funds to drill and evaluate them.  Geoff's
background in the Australian capital markets sector was invaluable in this
latter regard.

NTL current Chairman, Murray McKee, acknowledged that Geoff had an enduring
influence on the company and said "the strong position the company is in
today with one permit being developed for production in the near term is a
direct outcome of the strategic direction established during his period at
the helm".

Geoff remains a significant shareholder in NTL and will continue to follow
closely the fortunes of the company.

Matthew Hill Appointment to Coromandel Gold Board

NTL also announced today that Mr Matthew Hill has been appointed to the board
of Coromandel Gold.  Matt is currently executive director of NTL.

Background.

Coromandel Gold Limited is the exploration arm of NTL. To ensure NTL's
primary focus remains on   development of the Talisman Mine which is expected
to produce the first ore late in the Q4 2014, the company manages its
exploration operations through a separate vehicle. CGL is currently reviewing
a number of funding structures to provide it with the necessary capabilities
to fund its exploration endeavours. An update on these initiatives and
further additions to the board will be provided over the coming months. The
board of CGL is currently considering senior management positions and further
appointments are expected in the near future.

Coromandel Gold exploration portfolio

EL 40736 Golden Valley
The Golden Valley Exploration Permit covers 2524 ha of highly prospective
land to the east and north east of the currently producing Martha and Favona
mines and the Correnso deposit now in development. Exploration by NTL
targeted gold mineralisation beneath post mineral cover rocks and
successfully identified several target areas initially from detailed
aeromagnetic geophysical surveying and later ground based follow up.
EL 53706 Parakao
Northland Minerals Ltd, a wholly owned subsidiary of NTL holds an 1,188
hectare Exploration Permit in Northland, New Zealand.
EL 40117 Rahu
NTL is currently modelling the geology and gold grade distribution of the
known mineralisation at Rahu as defined by drilling, geological mapping and
surface sampling to determine which parts of the mineralisation outlined to
date could be classified into a resource category under the JORC code 2012.

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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 20.29% 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.newtalisman.co.nz
End CA:00252508 For:NTL    Type:DIRECTOR   Time:2014-07-07 16:28:37