Ms. Lindsay Dunlop reports

TALISKER PROVIDES NOTICE TO CONVERTIBLE DEBENTURE HOLDERS REDUCING DEBT BY $5.1 MILLION

Talisker Resources Ltd. has exercised its right to convert all of the outstanding principal amounts of its convertible debentures (as defined below) into common shares of Talisker.

Talisker issued a $4-million convertible debenture on Oct. 9, 2024, to Phoenix Gold Fund and a $1.1-million convertible debenture on Nov. 7, 2024, to Spartan MM Fund, which provide Talisker with a conversion right if the closing price of the shares on the Toronto Stock Exchange is at least 130 per cent of the applicable conversion price for each of the 20 trading days before a notice of conversion is delivered to the holder. As a result of the closing price of the shares on the TSX exceeding these thresholds, the company elected to convert all the outstanding principal amount of the Phoenix debenture into eight million shares and all the outstanding principal amount of the Spartan debenture into 1,964,285 shares, which shares shall be issued as of Oct. 8, 2025, in satisfaction of the principal amounts owing under the convertible debentures. The convertible debentures also provide Talisker with a right to identify a purchaser if the holder of such shares wishes to sell any shares.

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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