Mr. Terry Harbort reports

TALISKER PROVIDES UPDATE ON THE CLOSING OF THE BROKERED PRIVATE PLACEMENT AND INTENTION TO LIST UNDERLYING WARRANTS

Talisker Resources Ltd. has provided an update with respect to its previously announced best-efforts private placement of units. As a result of strong investor demand, it is anticipated that the agent's option will be exercised in full by Red Cloud Securities Inc., which is acting as the sole agent and bookrunner under the offering. Accordingly, the company expects to issue up to 16 million units of the company at a price of 50 cents per unit for aggregate gross proceeds of $8-million. Each unit will consist of one common share of the company and one-half common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of 75 cents for a period of 36 months after the closing date (as defined herein).

In addition, the company has applied to the Toronto Stock Exchange (TSX) for the listing of the warrants to be issued under the offering. To facilitate the electronic settlement and clearing of the securities to be issued under the offering, including in connection with the listing of the warrants, Talisker anticipates the offering will be completed on or about May 5, 2025.

For further details, please see the offering document dated April 17, 2025, related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website.

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 an historical high-grade producing gold mine, and the Spences Bridge project, where the company has a significant landholding in the emerging Spences Bridge gold belt, and several other early-stage greenfields projects.

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