Mr. Terry Harbort reports

TALISKER ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO $14 MILLION

As a result of strong investor demand, Talisker Resources Ltd. has increased the maximum gross proceeds of its previously announced non-brokered private placement from $3-million to $14-million. The upsized offering comprises the sale of up to 28 million units of the company at a price of 50 cents per unit. Red Cloud Securities Inc. is acting as a finder in connection with this financing.

Terry Harbort, Talisker's chief executive officer, stated: "This additional capital, mostly from our existing shareholders, will place Talisker in a strong financial position, allowing the company to fast-track critical development, drilling and production at a faster timeline than previously envisioned in our original bootstrap plan. Combined with the all-time-high gold market, we believe this will serve to derisk the company as we advance more rapidly to an increased sustained mining rate and finalize testing and implementation of ore-sorting technology."

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 until May 5, 2028.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, up to 24,613,000 units that may be sold under the offering will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The balance of the units that may be sold under the offering will be offered for sale to purchasers outside Canada pursuant to Ontario Securities Commission Rule 72-503 -- Distributions Outside Canada. The common shares and warrant shares underlying the units are expected to be immediately freely tradeable under applicable Canadian securities legislation.

A revised offering document related to the offering 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 June 6, 2025, and is subject to customary conditions, including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange (TSX).

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 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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