TALISMAN MINING LIMITED (TLM)

The suspension of trading in the securities of Talisman Mining Limited will be lifted immediately following the release by TLM of an announcement regarding exploration results.

Follow-up diamond drilling has intersected multiple zones of massive sulphide galenasphalerite-chalcopyrite (lead-zinc-copper) mineralisation at the Durnings Prospect, part of the 100%-owned Lachlan Project in NSW. Diamond hole DRRCD0019, drilled adjacent to the discovery hole DRRCD006, has intersected two zones of strong galena-sphalerite-chalcopyrite (lead-zinc-copper) mineralisation. An additional 11 Reverse Circulation drill-holes have been completed to test along strike of the discovery holes DRRC0006 and DRRCD0019. First assays are expected in 2-3 weeks. These RC holes have successfully intersected the Upper Zone target with broad intersections of anomalous S, Zn, Pb and Cu mineralisation recorded by pXRF field analysis. Ongoing diamond drilling will test Deep Zone geophysical targets over the next few weeks.

The securities of Talisman Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TLM, pending the release of an announcement regarding exploration results.

The suspension of trading in the securities of Talisman Mining Limited will be lifted immediately following the release by TLM of an announcement regarding exploration results.

Highly encouraging initial assay results received from recent Reverse Circulation drilling designed to test Gradient Array Induced Polarisation chargeability anomalies at the Durnings Prospect, part of the 100%-owned Lachlan Project in NSW. Assays have been returned for hole DRRC0006, which intersected two significant zones of disseminated galena, silver, sphalerite, chalcopyrite and gold in sulphide-rich altered volcanic rocks. The wide mineralised zone intersected from 246m to 286m (end of hole) in DRRC0006 corresponds to a strong GAIP chargeability zone which averages 2.5% sulphur, visually estimated at between 2% and 12% sulphides. The currently identified GAIP anomaly extends over a strike length of approximately 1.3km. A total of six RC holes for 1,710m (DRRC0006 to DRRC0011) have been completed at approximately 200m hole spacing as an initial test of this compelling base and precious metal target. Assays for the remaining four holes are awaited. Five of the six RC holes (DRRC0006, DRRC0008 to DRRC0011) intersected the target zone with significant sulphide mineralisation intersected. Diamond drilling is planned to further test the GAIP target at depth by extending selected RC holes with diamond core. An additional ground-based GAIP survey to extend coverage of the prospective chargeable horizons to the south is planned for early 2024, subject to further assay results.

The securities of Talisman Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TLM, pending the release of an announcement regarding exploration results.

we understand that on or about this date the company made a capital return of 15.625 cents per share

The suspension of trading in the securities of Talisman Mining Limited will be lifted immediately following the release by the Company of an announcement regarding the Springfield Joint Venture.

The company has reached in-principle agreement with Sandfire Resources, its partner in the Monty Mining joint venture and Springfield Exploration joint venture for Sandfire to acquire Talisman A, the subsidiary company that holds Talisman's 30% interest in the Springfield JV. One of the key terms of the term sheet is that Talisman will be receiving A$72.3M cash consideration. Talisman will now work constructively with Sandfire with the objective of satisfying due diligence requirements and entering into a formal Share Sale Agreement acceptable to both parties. It is anticipated that this can be achieved within the next three weeks.

The company requests an extension to the voluntary suspension in order for the company to further consider the conditional proposal received from Sandfire Resources to acquire Talisman's 30% interest in the Springfield joint venture. It is expected that the suspension will last until the earlier of the commencement of normal of normal trading on 8 June 2018 or the release of an announcement by the company.

The company requests an extension to the voluntary suspension in order for the company to further consider the conditional proposal received from Sandfire Resources to acquire Talisman's 30% interest in the Springfield joint venture. It is expected that the suspension will last until the earlier of the commencement of normal of normal trading on 7 June 2018 or the release of an announcement by the company.

The securities of Talisman Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement concerning the Company's interest in the Springfield Exploration Joint Venture.

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