Quarterly Report

HIGHLIGHTS o High Grade Bonanza resource module completed o NTL acquires Newcrest NZ o Substantial progress underground o SPP Successfully completed raising approx. 2M NZD New Talisman Gold Mines Limited is pleased to present the quarterly report on activities for the period ended 30 September 2017. During the Period under review the company has progressed substantially on a number of corporate fronts including the acquisition of Newcrest New Zealand Pty Ltd which holds the Rahu permit providing New Talisman 100% ownership of the Rahu Project. More recently the company made a site visit to Fiji looking at a number of opportunities. A review of options for toll treatment was also reviewed given the close proximity to Fiji and available transportation for high grade ore or concentrate export. During the period the company continued to look at other gold projects in New Zealand, Fiji, Vanuatu, and the USA New Talisman is building its Gold resources and establishing a world class high grade project and has commenced updating its Prefeasibility Study(PFS) to meet the significant uplift in these resources. The company is continuing along its path and upon completion of prospecting and commencement of bulk sampling will be well positioned as the newest underground gold mine in NZ to commence underground operations for many years. With the acquisition of Rahu Talisman is well poised for the longer term with significant potential for further resource upgrades as drilling and bulk sampling provide further data for the Feasibility study. Gold Price in NZD Gold is up over $70 NZD over the past 30 days, trading consistently above NZ $1,800 per ounce. New Talisman is one of the very few equity investments which allows investors to take advantage of NZD gold price. End CA:00309444 For:NTL Type:GENERAL Time:2017-10-30 16:41:47