Talisker Announces Amendment to Equity Incentive Plan and Adoption of Clawback Policy

Press Release

TORONTO, Ontario, June 12, 2026  — Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQB: TSKFF) announces that it has amended certain terms of the Equity Incentive Plan (the “Plan”) to be considered by shareholders and approved the adoption of an Incentive Compensation Clawback Policy (the “Policy”).

The Company has amended the Plan to reduce the maximum number of shares issuable under the Plan from 10% to 8.5% of the Company’s issued and outstanding shares. The Plan was also amended to reduce the limits on insider participation, such that the number of shares issuable to insiders at any time, and within any one-year period, under all security-based compensation arrangements, will be capped at 8.5% of the Company’s issued and outstanding shares. These amendments update the disclosure on pages 8 and 9 of the Company’s management information circular dated as of May 20, 2026 and are effective as of the date hereof.

The amendments reflect enhanced governance practices by reducing potential dilution while preserving the flexibility necessary to attract, retain and incentivize key personnel and are intended to align the Plan with proxy advisory firm guidelines. The Company’s shareholders will be asked to approve the Plan, as amended, at the Company’s upcoming annual meeting of shareholders to be held on June 18, 2026.

The Company also announces that its Board of Directors has approved the adoption of an Incentive Compensation Clawback Policy (the “Policy”), effective June 1, 2026. The Policy provides a framework for the recovery or forfeiture of incentive-based compensation granted, vested, earned, paid or settled on or after the effective date in specified circumstances, including where the Company is required to restate previously issued financial statements due to material non-compliance with financial reporting requirements or in cases involving fraud, gross negligence, willful misconduct or other material breaches of law or Company policy. A copy of the Policy will be made available on the Company’s website at www.taliskerresources.com.

For further information, please contact:

Lindsay Dunlop
Vice President, Investor Relations
lindsay.dunlop@taliskerresources.com
+1 647 274 8975

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