Mr. Terry Harbort reports

TALISKER ANNOUNCES PRIVATE PLACEMENT OF UP TO $3 MILLION

Talisker Resources Ltd. has arranged a non-brokered private placement of up to six million units of the company at a price of 50 cents per unit for aggregate gross proceeds of up to $3-million. Red Cloud Securities Inc. is acting as a finder in connection with this financing.

Each unit will consist of one common share of the company and one-half of one 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 below).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the units will be offered for sale to purchasers in all of the provinces of Canada, other than Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The common shares and warrant shares underlying the units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in the Canadian selling jurisdictions. The units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The offering is scheduled to close on or about May 30, 2025, or such other date within 45 days from the date hereof as determined by the company, and is subject to customary conditions, including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

The company intends to use the net proceeds from the offering for the continued advancement of the company's flagship Bralorne gold project in British Columbia, as well as for general corporate purposes and working capital.

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 has a significant landholding in the emerging Spences Bridge gold belt, and several other early-stage greenfields projects.

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