News: NCM New Talisman Gold Mines executes binding agreement with Newcrest

June 28 (Reuters) - New Talisman Gold Mines Ltd (NTL) :

• NTL executes binding agreement with Newcrest
• Executed a binding agreement over rahu project with Newcrest International

  pty ltd subsidiary of Newcrest Mining Limited

• Agreement include should Newcrest spend NZ$5.0 million on rahu project a jv will be established at that time and a direct 20% interest transferred to NTL
• If a joint venture is not established 100% of the project would be

  transferred to NTL subject to ministerial consent

• Says under deal Newcrest will manage the exploration activity on the Rahu

  project