An anonymous director reports

PHOENIX GOLD FUND AND PANAH FUND, MANAGED BY AIMS ASSET MANAGEMENT SDN. BHD. AND SERAYA INVESTMENT PTE. LTD., REPORT COMBINED HOLDINGS IN TALISKER RESOURCES LTD.

Phoenix Gold Fund and Panah Fund, managed by AIMS Asset Management Sdn. Bhd. of Kuala Lumpur, Malaysia, and Seraya Investment Pte. Ltd. of Purvis Street, Singapore, have acquired an aggregate of 9,799,000 common shares of Talisker Resources Ltd. at an average price of 52 cents on Aug. 21, 2025. Phoenix acquired 6,302,706 common shares for a total purchase price of $3,277,407.12 and Panah acquired 3,496,294 common shares for a total purchase price of $1,818,072.88, respectively. The issuer's office is located at 3002 -- 130 Adelaide St. West, Toronto, Ont., M5H 3P5, Canada.

Immediately prior to the acquisition, Phoenix owned convertible debentures with a principal amount of $4-million convertible into up to eight million common shares of the issuer, representing approximately 5.56 per cent of the issued and outstanding shares of the issuer on an undiluted basis. Panah does not own any common shares of the issuer.

As a result of the acquisition

Phoenix, managed by AIMS and Seraya, now owns 6,302,706 common shares of the issuer, representing approximately 4.38 per cent of all issued and outstanding shares of the issuer on an undiluted basis and convertible debentures with a principal amount of $4-million convertible into up to eight million common shares of the issuer. If Phoenix converts all its debentures into common shares, it will own 14,302,706 common shares of the issuer, representing approximately 9.42 per cent of the issued and outstanding shares of the issuer on a partially diluted basis.

Panah, managed by Seraya, now owns 3,496,294 common shares of the issuer, representing approximately 2.43 per cent of all issued and outstanding shares of the issuer on an undiluted basis.

The combined holdings of Phoenix and Panah represent approximately 11.72 per cent of all issued and outstanding shares of the issuer on a partially diluted basis.

The holdings above are calculated as of Aug. 22, 2025, assuming no further common shares of the issuer have been issued.

Phoenix and Panah acquired the securities for investment purposes. Phoenix and Panah may, in the future, participate in financings and/or acquire or dispose of securities of the issuer in the market, privately or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

The disclosure regarding Phoenix's and Panah's shareholdings contained in this press release is made pursuant to the National Instrument 62-103 and/or the National Instrument 62-104 and a report respecting the above acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and will be available for viewing under the company's profile.