Talisker Closes Final Tranche of Private Placement

Press Release

TORONTO, Sept. 11, 2024– Talisker Resources Ltd. (“ Talisker ” or the “ Company ”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that it closed the second and final tranche (“ Tranche 2 ”) of the previously announced non-brokered private placement (the “ Offering ”) of units of the Company (“ Units ”). In connection with Tranche 2, the Company issued 875,000 Units at a price of $0.40 per Unit for aggregate gross proceeds of $350,000. When combined with the first tranche of the Offering, an aggregate of 6,300,500 Units were issued by the Company at a price of $0.40 per Unit for aggregate gross proceeds of $2,520,200 under the Offering. All amounts are in Canadian dollars unless otherwise noted.

Each Unit consists 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 issued under Tranche 2 entitles the holder thereof to acquire one Common Share at an exercise price of $0.60 per Common Share until September 11, 2026.

The Company intends to use the net proceeds from Tranche 2 for working capital and general corporate purposes. No finder’s fees were paid in connection with Tranche 2.

Certain insiders of the Company subscribed for Units pursuant to the Offering. Participation by such insiders in the Offering was considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with such insiders’ participation in the Offering in reliance on Sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report in connection with the Offering will be filed less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.

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

Matt Filgate
Vice President, Corporate Development
matt.filgate@taliskerresources.com
+1 778 679 3579

About Talisker Resources Ltd.

Talisker (taliskerresources.com) 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 currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.

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