Mr. Terry Harbort reports

TALISKER ANNOUNCES SHARE CONSOLIDATION

Talisker Resources Ltd.'s board of directors has approved consolidating its common shares on the basis of one postconsolidation share for every five preconsolidation shares, effective Sept. 1, 2023.

The consolidation is subject to approval by Toronto Stock Exchange and follows approval of a consolidation of the shares on the basis of a range of up to five preconsolidation shares for every one postconsolidation share at the annual and special meeting of shareholders of the company held on June 29, 2023. As a result of the consolidation, the number of issued and outstanding shares will be reduced from 384,856,151 to approximately 76,971,230, subject to adjustment for rounding. No fractional shares will be issued in connection with the consolidation. If a holder of shares would otherwise be entitled to a fraction of a share, then the number of postconsolidation shares issuable to such shareholder shall be rounded down to the next lower whole number. No cash consideration will be paid in respect of fractional shares. The exercise or conversion price and/or the number of shares issuable under any of the company's outstanding convertible securities will be proportionately adjusted in connection with the consolidation.

The shares will continue to trade on the TSX under the symbol TSK and on the OTCQX under the symbol TSKFF on a postconsolidation basis, under a new Cusip number -- 87425A887. The shares are expected to begin trading on a postconsolidation basis on the TSX when markets open on or about Wednesday, Sept. 6, 2023.

Shareholders of record as of the effective date will receive a letter of transmittal from TSX Trust Company, the transfer agent for the shares, providing instructions for the exchange of their shares as soon as practicable following the effective date. Until surrendered, each share certificate representing preconsolidation shares will represent the number of whole postconsolidation shares to which the holder is entitled as a result of the consolidation.

About Talisker Resources Ltd.

Talisker is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker's projects include the Bralorne gold complex and the Ladner gold project, both advanced-stage projects with significant exploration potential from historical high-grade producing gold mines, as well as its Spences Bridge project, where the company holds approximately 85 per cent of the emerging Spences Bridge gold belt, and several other early-stage greenfields projects. With its properties comprising 291,392 hectares over 487 claims, three leases and 197 Crown grant claims, Talisker is a dominant exploration player in south-central British Columbia.

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