Mr. Terry Harbort reports

TALISKER ANNOUNCES ESTIMATED YTD 2026 GOLD SALES OF 2,675 OUNCES, NET PROCEEDS OF APPROXIMATELY $12.7 MILLION, AND COMPLETION OF LOGISTICS CHAIN TO OCEAN PARTNERS

Talisker Resources Ltd. has finalized the logistics chain from the Mustang mine at the Bralorne gold project to Ocean Partners U.K. Ltd. under the ore purchase agreement with Ocean Partners (see the company's press release dated Jan. 20, 2026).

To date in 2026 (through May 12, 2026), the company has sold 2,675 ounces of gold, consisting of 770 ounces of concentrate and 1,905 ounces of direct shipping ore (DSO), derived from 6,990 tonnes of mined material with an average grade of 8.48 grams per tonne. Based on current estimates under the ore purchase agreement, the company expects estimated net proceeds of approximately $12.7-million, net of applicable deductions and adjustments, including transportation, treatment/refining under the ore purchase agreement and subject to final settlement.

Of the estimated net proceeds, approximately $2.3-million has been recorded as deferred revenue under the company's accounting policy, representing consideration received in advance, and therefore may not represent recognized revenue for financial reporting purposes until final settlement and the satisfaction of the applicable revenue recognition criteria.

A total of 1,094 tonnes of mineralized material that has been crushed is currently stockpiled at the Lillooet facility, containing 363 ounces of gold at an average grade of 10.33 grams per tonne. A further 1,755 tonnes of mineralized material is currently stockpiled at the Lillooet crushing facility awaiting crushing, with an additional 280 tonnes of material stockpiled at the Mustang mine ready to be trucked to Lillooet.

The completed logistics chain to Ocean Partners includes updated trucking agreements, new crushing and warehousing agreements, and port storage and terminal loading agreements to support continuing shipments under the ore purchase agreement. Completion of these arrangements is intended to support continuing shipments to Ocean Partners; however, shipment, processing and receipt of proceeds remain subject to operating factors, shipping schedules, throughput at processing facilities and counterparty performance.

Terry Harbort, Talisker's president and chief executive officer, commented: "We are pleased to have completed the logistics chain connecting the Mustang mine at Bralorne to Ocean Partners. This milestone strengthens our ability to reliably deliver mineralized material to the purchaser and supports continued progress under the ore purchase agreement. We remain focused on safe, efficient operations and we expect regular shipments to be integrated seamlessly into our day-to-day mining activities."

The tonnes and grades disclosed for stockpiled material are based on internal estimates and sampling, and are not mineral reserves or mineral resources as defined by National Instrument 43-101.

Qualified person

The technical information contained in this news release has been reviewed and approved by Richard Murrell (chartered engineer, AusIMM (CP), fellow, Institute of Materials Minerals and Mining (IOM3), associate, Camborne School of Mines (ACSM)), Talisker's general manager, Bralorne, who is a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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 producing at the Mustang mine. Talisker projects also include the Ladner gold project, an historic high-grade producing gold mine near Hope, B.C., with significant exploration potential and the Spences Bridge project where the company has a significant landholding in the emerging Spences Bridge gold belt, as well as several other early stage greenfields projects.

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