Mr. Terry Harbort reports

TALISKER ANNOUNCES PRIVATE PLACEMENT OF UP TO C$3.5 MILLION

Talisker Resources Ltd. has arranged a non-brokered private placement for aggregate gross proceeds of up to $3.5-million from the sale of common share units of the company at a price of 30 cents per unit and flow-through units of the company at a price of 35 cents per FT unit.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each FT unit will consist of one common share to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one warrant. Each whole warrant will entitle the holder thereof to purchase one common share at a price of 50 cents for a period of 24 months following the issue date.

The company intends to use the proceeds of the offering for the exploration on the company's projects in British Colombia, as well as for general working capital purposes. The gross proceeds from the issuance of the FT shares will be used to incur resource exploration expenses, which will constitute Canadian exploration expenses as defined in Subsection 66.1(6) of the tax act and flow-through mining expenditures as defined in Subsection 127(9) of the tax act, which will be renounced with an effective date no later than Dec. 31, 2023, to the purchasers of the FT units in an aggregate amount not less than the gross proceeds raised from the issue of the FT shares.

In connection with the offering, the company anticipates paying finders' fees of 6 per cent in cash and 6 per cent in finders' warrants in accordance with the policies of the Toronto Stock Exchange. The securities issued under the offering will be subject to a hold period ending on the date that is four months plus one day following the date of issue in accordance with applicable securities laws. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the Toronto Stock Exchange.

About Talisker Resources Ltd.

Talisker is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker's flagship asset is the high-grade, fully permitted Bralorne gold project, where the company is currently transitioning into underground production at the Mustang mine. Talisker projects also include the Ladner gold project, an advanced-stage project with significant exploration potential from a historical high-grade producing gold mine, and the Spences Bridge project, where the company holds approximately 85 per cent of the emerging Spences Bridge gold belt, and several other early-stage greenfield projects.

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