Talisker Announces Upsize of Non-Brokered Private Placement for Gross Proceeds of up to $14 Million

Press Release

TORONTO, June 02, 2025 — Talisker Resources Ltd. (“ Talisker ” or the “ Company ”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that as a result of strong investor demand, the Company has increased the maximum gross proceeds of its previously announced non-brokered private placement (the “ Offering ”) from C$3,000,000 to C$14,000,000. The upsized Offering is comprised of the sale of up to 28,000,000 units of the Company (the “ Units ”) at a price of $0.50 per Unit (the “ Offering Price ”). All amounts are in Canadian dollars unless otherwise noted. Red Cloud Securities Inc. is acting as a finder in connection with this financing.

Terry Harbort, Talisker’s CEO, stated, “This additional capital, mostly from our existing shareholders, will place Talisker in a strong financial position, allowing the Company to fast-track critical development, drilling and production at a faster timeline than previously envisioned in our original bootstrap plan. Combined with the all-time high gold market, we believe this will serve to derisk the Company as we advance more rapidly to an increased sustained mining rate and finalize testing and implementation of ore sorting technology.”

Each Unit will consist of one common share of the Company (each, a “ Common Share ”) and one-half of one common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder thereof to acquire one Common Share (a “ Warrant Share ”) at an exercise price of $0.75 until May 5, 2028.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“ NI 45-106 ”), up to 24,613,000 Units that may be sold under the Offering will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The balance of the Units that may be sold under the Offering will be offered for sale to purchasers outside Canada pursuant to OSC Rule 72-503 – Distributions Outside Canada . The Common Shares and Warrant Shares underlying the Units are expected to be immediately freely tradeable under applicable Canadian securities legislation.

A revised offering document (the “ Offering Document ”) related to the Offering can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at https://taliskerresources.com . Prospective investors should read the Offering Document before making an investment decision.

The Offering is scheduled to close on or about June 6, 2025 (the “ Closing Date ”) and is subject to customary conditions including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange (“ TSX ”).

The Company intends to use the net proceeds from the Offering for the continued advancement of the Company’s flagship Bralorne Gold Project in British Columbia, as well as for general corporate purposes and working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the “ U.S. Securities Act ”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:

Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227

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