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Toronto, Ontario, December 6, 2021 – Talisker Resources Ltd. (” Talisker” or the “Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce that the Company and its wholly-owned subsidiaries, Bralorne Gold Mines Ltd. and New Carolin Gold Corp., have entered into a royalty purchase agreement (the “Royalty Purchase Agreement”) with Osisko Gold Royalties Ltd (“Osisko”) that provides for a one-time cash payment by Osisko of $7.5 million in exchange for the Company granting certain net smelter returns (“NSR”) royalties on all minerals produced from the Bralorne Gold Property, the Ladner Gold Project and the currently optioned Golden Hornet Project. The granted NSR royalties include an increase of a 0.5% royalty on the Bralorne Gold Property increasing Osisko’s royalty on that property to 1.7%, the grant of a 1.5% royalty on the Ladner Gold Project and a 1% future royalty on the Golden Hornet Project which will become effective if Talisker exercises its option to acquire the Golden Hornet Project.
Terry Harbort, President and CEO of Talisker commented, “We are pleased to have Osisko Gold Royalties continued support for our Bralorne Gold Project and confidence in our view of the prospectivity of the Ladner Gold and Golden Hornet Projects.”
About Talisker Resources Ltd.
Talisker ( taliskerresources.com) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker’s projects include two advanced stage projects, the Bralorne Gold Complex and the Ladner Gold Project, both advanced stage projects with significant exploration potential from historical high-grade producing gold mines, as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt and several other early-stage Greenfields projects. With its properties comprising 296,983 hectares over 346 claims, three leases and 198 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.
For further information, please contact:
President and CEO
+1 416 361 2808
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