Ann: NTL Director Provides Unsecured Loan Facility, page-6

Excerpts from company announcements. DYOR (reference links included).

I am just not sure how you can raise capital when you have got things so wrong on the last capital raise, they outlined in dot point form on 27 April 2022 (found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02513949-6A1088310)a strategic plan (with no further detail forthcoming) i.e.

The funds are being sought to enable the company to implement its Strategic Plan which includes:

• Recommencing underground activities at the mine,including developing the required Second Egress.

• Advancing the Mystery Vein shaft.

• Advancing the Mystery Vein will trigger theexisting 2 year Bulk Sampling Consent.

• Opening a second face on the Mystery vein oncethe Second Egress is complete.

Then they started asking for money and this was what they started saying,

Offer Document(found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02630322-6A1135978 )

We recognise that NTL has made numerous calls forcapital over many years. However, your new Board has a very specific and realistic plan to develop Talisman with the goalto be generating profit and returns for shareholders by the end of 2023.

14 March 2023 (Found here:https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02642965-6A1140527 )

We are grateful to our Shareholders for their strong support for our capital raise and particularly pleased to see such a high level of oversubscription at 33% from those that participated.This now allows us to move forward with our strategic plan to commence bulk sampling on the Mystery Vein at Talisman and finally begin to realise the potential of thecompany for shareholders” said Samantha Sharif, Chair of NTL.

30 June 2023 annual report letter (Found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02681424-6A1156240 )

We are looking forward to the recommencement of activities at the mine site incoming months and acknowledge the support of shareholders, stakeholders and fellow Board members for supporting us through our ongoing transformation centred on delivering results for Shareholders.

(Found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02681424-6A1156240 )

Sept 30 2023 Chairs letter half year report(found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02746920-6A1183511)

New Talisman Gold Mines Ltd reports for the half year to 30 September 2023, which saw significant progress in implementing our Strategic Plan, with Terra Firma Mining appointed as Talisman Mine operators, and work commence at Talisman Mine
Following our successful capital raise,significant progress has been made with Talisman mine and we are now ready to resume production, alongside progressing the Second Egress

During the period the company also engaged with a number of parties with a view to finalising the ore processing options available. Solid progress has been made in analysing the equipment and logistics involved in producing a marketable gold/silver concentrate for further refining.

Then the quarterly for the period ended 31 March 2024 (found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02799426-6A1204341) , they fess up :

"we will now have to raise further funds before weare able to remobilise our team, secure a processing facility, buy a processingplant and commence production.