NTL Issue of Shares

30 November 2017 Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street Wellington NEW TALISMAN GOLD MINES LIMITED: NOTIFICATION OF ALLOTMENT OF SECURITIES For the purposes of NZX Main Board Listing Rules 7.12.1, New Talisman Gold Mines Limited (New Talisman) advises the following securities have been issued on 30 November 2017: a Class of security Ordinary shares (NTL) ISIN NZHERE0001S6 shares b Number issued 1,004,783 shares c Nominal value Not applicable Issue Price 1,004,783 Shares issued for AUD 0.02. d Payment terms Payable in cash e Amount paid up Fully paid on issue f Principal terms of the securities Ordinary shares in New Talisman Gold Mines g Percentage of class of securities 0.05% (before issue) h Reason for issue Issue of 1,004,783 shares pursuant to exercise of options due to expire 28 Nov 2017 i Authority for issue Director Resolution j Terms of issue The ordinary shares will be quoted on the NZX Main Board and the ASX and will rank pari-passu with existing ordinary shares k Number of securities in 2,164,503,303 shares (NTL) existence after issue 17,036,384 30/9/22 NZD $0.055 Options (NTLOB) 3,000,000 13/11/2018 NZD $0.011 unlisted options 1,250,000 13/11/2019 NZD$0.011 unlisted options l Treasury stock Not applicable m Date of issue 30 November 2017 Jane Bell Company Secretary New Talisman Gold Mines Limited jane@newtalisman.co.nz Ph: +64 21764224 Office +64 9 303 1893 End CA:00311296 For:NTL Type:SECISSUE Time:2017-12-01 15:35:33