Ann: GENERAL: NTL: Founding Director steps down from Subsidiaries

• Release Date: 17/06/14 12:49
• Summary: GENERAL: NTL: Founding Director steps down from Subsidiaries
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					NTL
17/06/2014 12:49
GENERAL

REL: 1249 HRS New Talisman Gold Mines Limited

GENERAL: NTL: Founding Director steps down from Subsidiaries

New Talisman Gold Mines ("NTL") announced today that founding Director Peter
Atkinson has retired as a Director of NTL's wholly owned subsidiaries
Coromandel Gold and Northland Minerals. Peter stepped down as a Director of
the parent company (NTL) in 2012 and his engagement as resource
consent/access consultant ceased at the end of April 2014.

New Talisman Gold Mines Ltd, (previously Heritage Gold NZ limited), was
listed on the New Zealand Stock Exchange in 1986 and on the Australian Stock
Exchange in 1987 just before the global stock market crash.  Junior mining
companies with their focus on exploring and proving up minerals within
defined geological provinces were a well-supported feature of the Australian
Stock Exchange at that time, but were a rarity on the NZ exchange.  So
Peter's decision to float a public company to fund the exploration of three
prospective areas in the Coromandel was a pioneering step back then.

Peter performed a variety of important roles with the company over the last
quarter of a century - from Chairman to consultant.   "It is a tribute to
Peter's careful stewardship throughout this entire period that the Company is
in good stead today and within arm's reach of its vision of becoming an
established gold producer," Chairman Murray Mckee said.

Recalling some of the difficult times when it was almost impossible to raise
finance for mineral exploration, Murray acknowledged Peter's willingness to
innovate and recalled an example of the Company floating two hi-tech stocks,
in order to raise funds for mineral exploration.

Murray also highlighted Peter's more recent contribution in managing the
Talisman project resource consent and access arrangements with the district
council, regional council, Department of Conservation and other stakeholders.

"Peter retains a significant shareholding in the company and I know he will
continue to follow its progress with close interest", Murray observed. "He
has agreed to make himself available to assist the company in the future if
required and I am sure all former and current Directors and staff join with
me in thanking Peter for his outstanding contribution over the years and in
wishing him well for the future" Murray concluded.

Matthew Hill
Chief Executive Officer
New Talisman Gold Mines Limited
+ 64 9 303 1893

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:00251685 For:NTL    Type:GENERAL    Time:2014-06-17 12:49:33