SPP Offer

_____________________________________________________ 14th September 2017 FOR IMMEDIATE RELEASE ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED [ASX, NZSX: NTL] SPP OFFER New Talisman Gold Mines Limited announces that the current share purchase plan "SPP" closes at 5.00pm (NZ time) and 3.00pm (AEST) on the 22nd September and will not be extended beyond this date. The offer to Shareholders offers shares up to the value of NZ$15,000 (or A$13,875) each to all shareholders in Australia and New Zealand, under the terms of a Share Purchase Plan (SPP). The issue price of the SPP has been set at NZ 2.2 cents per share or AUD 2.035 cents per share. In addition, one Option exercisable for NZD 5.5 cents by [30 September 2022] will be issued for every five Shares applied for. As outlined in the offer document the funds raised from the SPP will be used: o To accelerate developments into the high grade JORC 2012 resources which in Dubbo alone doubled to 312,800oz gold equivalent at 21.98g/t; o and increase production levels to the maximum allowable under the resource consent being 20,000 cubic metres per annum o To investigate and develop multiple sampling operations on the Talisman permit area o To install a pilot plant for underground concentration of ore which will reduce tonnage by 80% while increasing grade by a factor of approximately 4 times in concentrate form o To gain access into level 9 and 10 and commence further extraction operations at deeps levels of the mine recently announced o To accelerate completion of a bankable feasibility study o To finalise toll treatment either in NZ or export of concentrate offshore o Expand exploration programs aimed at building a +1m ounce minerals inventory o To explore and implement initiatives to expedite activity, and potentially a greater interest in Rahu and other targeted areas such as Taukani Hill (where previous bonanza samples at surface were taken) and Dominion knoll which is highly prospective. o To fund alternatives that may allow full mining at Talisman including alternate access to the orebody. Matthew Hill Said "With the attaching options holding a value of between .2 and .4 cents per share (based on the black Scholes calculation), the current entry price for the offer equates to 1.8 to 2 cents NZ. I am delighted by the amount of shareholder interest and support in the offer to date which if successful will allow accelerated development at Talisman aimed at increasing volumes and ultimately revenues". Matthew G Hill CEO New Talisman Gold Mines Limited 027 555 7737 About New Talisman Gold Mines Ltd New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 1900 shareholders who are mainly from Australia and New Zealand. It is a leading New Zealand minerals development and exploration company with a mining permit encompassing the Talisman mine, one of New Zealand's historically most productive gold mines. Its gold properties near Paeroa in the Hauraki District of New Zealand are a granted mining permit, including a JORC compliant mineral resource and a JORC compliant reserve statement within the original Talisman underground mine, and a binding Agreement for Newcrest Mining to spend up to $5M on an adjacent exploration permit along strike from the mine, Rahu. The company is now advancing its plans to develop the mine, and advance the exploration project End CA:00307227 For:NTL Type:MKTUPDTE Time:2017-09-14 15:49:36