Ann: RIGHT: NTL: Rights Issue

• Release Date: 07/11/12 13:07
• Summary: RIGHT: NTL: Rights Issue
• Price Sensitive: No
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NTL
07/11/2012 11:07
RIGHT

REL: 1107 HRS New Talisman Gold Mines Limited

RIGHT: NTL: Rights Issue

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL]
FOR PUBLIC RELEASE

Rights Issue

Despatch of the prospectus for the rights issue has been completed today and
a letter mailed to overseas holders.  The letter is as follows:

Dear Shareholder

As you may be aware, New Talisman Gold Mines Limited ("Company") is currently
undertaking a renounceable rights issue pursuant to a simplified disclosure
prospectus dated 24 October 2012 ("Disclosure Document").  The Company
expects that the rights issue will close at 5pm NZT on 23 November 2012.

The rights issue is open to existing shareholders with a registered address
in Australia and New Zealand as at the record date on the basis of one (1)
New Share for every three (3) Shares held at an issue price of A$0.010 or
NZ$0.013 per New Share, together with a free attaching New Option
(exercisable at A$0.02 or NZ dollar equivalent on or before 28 November 2017)
for every New Share issued, to raise approximately A$1.2M.

The Company has determined, pursuant to Listing Rule 7.7.1(a) of the Listing
Rules of ASX Limited ("ASX Listing Rules"), that it would be unreasonable to
make offers under the Disclosure Document to all countries outside of
Australia and New Zealand. Accordingly, in compliance with ASX Listing Rule
7.7.1(b), the Company wishes to advise you that it will not be extending the
rights issue to you.

In compliance with ASX Listing Rule 7.7.1(c), the Company has appointed
Canaccord Genuity (Australia) Ltd AFSL 234666 ("Nominee") as nominee for
foreign holders of the Company's securities.  The Company advises these
foreign holders that the Nominee will arrange for the sale of the rights that
would have been given to these foreign holders, and if they are sold, for the
net proceeds to be sent to the foreign holders.

Please note it is possible that no net proceeds will be available for
distribution to foreign holders, after the costs of the sale have been paid
to the Nominee.  We will inform you in due course of the outcome of the sale
of your rights.

Should you have any queries please contact the Company Secretary, Sue
Sangster on (+64 9) 303 1893 or email [email protected].

END
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About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZSX & 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 both the ASX and NZSX (Code: BPL).
More about New Talisman Gold at www.newtalismangold.co.nz
End CA:00229442 For:NTL    Type:RIGHT      Time:2012-11-07 11:07:29