Preliminary Half Year Result

29 November 2017 FOR IMMEDIATE RELEASE TO THE MARKET HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2017 (NZX, ASX: NTL) Consolidated Statement of Comprehensive Income 6 months to 30 Sept 2017 6 months to 30 Sept 2016 Revenue 75,076 8,423 Total revenue 75,076 8,423 Audit fees 15,083 25,530 Capital Loss on Disposal of Shares 0 284,361 Depreciation 8,838 827 Director Fees 85,000 52,009 Director and Related Party Remuneration 84,600 75,360 Foreign Exchange (Gain)/Loss 314 21,548 Loss on revaluation of shares (reversal) 1,496 (385,693) Rent and leasing 10,551 10,612 Other operating expenses 430,526 316,153 Total operating and administrative expenses 636,408 400,707 Loss from operations 561,332 392,284 Net deficit attributable to members 561,332 392,284 Earnings per share Basic earnings/(loss) per share (0.027) cents (0.029) cents Diluted earnings/(Loss) per share (0.026) cents (0.027) cents Consolidated Statement of Financial Position 6 months to 30 Sept 2017 6 months to 30 Sept 2016 Restated Current Assets Cash at bank 4,370,016 6,460,024 Receivables and prepayments 208,625 83,780 Non-current assets Property, Plant & Equipment 77,442 11,867 Intangible assets (prospecting expenditure) 15,637 1,162 Assets under construction 8,607,398 7,525,706 Investments 16,042 14,505 Total Assets 13,295,160 14,097,044 Current Liabilities Payables 222,096 148,696 Other Current Liabilities 73,153 79,275 Total liabilities 295,249 227,971 Equity Capital 35,166,188 35,164,939 Reserves 335,341 335,341 Retained profit/(loss) (22,501,618) (21,631,207) Total Equity 12,999,911 13,869,073 Total Equity and Liabilities 13,295,160 14,097,044 Consolidated Statement of Cash Flows 6 months to 30 Sept 2017 6 months to 30 Sept 2016 Cash flows relating to operating activities Cash inflows 1,547 7,913 Cash outflows (562,583) (464,967) Net operating cash flows (561,036) (457,054) Cash flows relating to investing activities Cash inflows - 293,684 Cash outflows (824,282) (234,225) Net investing cash flows (824,282) 59,459 Cash flows relating to financing activities Cash inflows 1,250 6,422,986 Cash outflows - - Net financing cash flows 1,250 6,422,986 Cash at beginning of period 5,754,398 456,181 Exchange rate gain/(loss) (314) (21,548) Net increase/(decrease) in cash held (1,384,068) 6,025,391 Cash at end of period 4,370,016 6,460,024 Consolidated Statement of Changes in Equity 6 months to 30 Sept 2017 6 months to 30 Sept 2016 company Equity at start of period 13,559,993 7,888,345 Net profit/(loss) (561,332) (392,284) Shares issued 1,250 6,373,013 Equity at end of period 12,999,911 13,869,073 Shares on Issue At 30 September 2017 the following shares are on issue Listed Shares 2,157,271,250 2,076,995,855 Listed Options 134,321,508 119,851,516 Unlisted Options 4,250,000 5,750,000 Events Subsequent to Balance Date The company receipted approximately $1.9million in October 2017 through a successful SPP offer which will be used to further the development of the Talisman Mine. Dividend No dividends or distributions were paid or are planned. Net Tangible Assets per Security 6 months to 30 Sept 2017 6 months to 30 Sept 2016 Net tangible assets 12,984,274 13,867,911 Net tangible assets per security 0.62 cents 1.03 cents Audit The half yearly financial statements are unaudited. The auditors have completed a review engagement and will be issuing an unqualified review report. International Financial Reporting Standards These interim financial statements are condensed in accordance with NZ-IAS-34 Interim Financial Reporting. The accounting policies and methods of computation adopted in the preparation of these financial statements are the same as those adopted in the preparation of the annual financial statements for the year ended 31 March 2017. Accounting Policies The accounting policies and methods of computation adopted in the preparation of these financial statements are the same as those adopted in the preparation of the annual financial statements for the year ended 31 March 2017. Those policies are set out in the annual report for the year ended 31 March 2017. There have been no changes to those accounting policies. _____________________________________________________________________________ _____ About New Talisman Gold Mines Ltd New Talisman Gold is a dual listed (NZX & ASX: NTL) leading New Zealand minerals development company with over 1900 shareholders a majority of whom are from Australia and New Zealand. The Company's flagship asset the Talisman mine holds a JORC compliant mineral resource, a JORC compliant reserve and has been granted resource consents and access arrangements for the initial phase of the project. The company is currently initiating bulk sampling at Talisman and continues to advance the development of the mine. New Talisman's wholly owned subsidiary Coromandel Gold Limited holds a portfolio of highly prospective mineral interests and gold properties in the Hauraki District of New Zealand. More about New Talisman Gold at www.newtalisman.co.nz End CA:00311195 For:NTL Type:HALFYR Time:2017-11-30 09:10:36