NTL Preliminary Half Year Report

26 November 2018 FOR IMMEDIATE RELEASE TO THE MARKET HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2018 (NZX, ASX: NTL) Consolidated Statement of Comprehensive Income 6 months to 30 Sept 2018 6 months to 30 Sept 2017 Revenue 36,028 75,076 Total revenue 36,028 75,076 Audit fees 15,571 15,083 Capital Loss on Disposal of Shares - - Depreciation 19,617 8,838 Director Fees 75,000 85,000 Director and Related Party Remuneration 78,400 84,600 Foreign Exchange (Gain)/Loss (10,902) 314 Loss on revaluation of shares 36,583 1,496 Rent and leasing 13,074 10,551 Other operating expenses 474,610 430,526 Total operating and administrative expenses 701,953 636,408 Loss from operations 665,925 561,332 Net deficit attributable to members 665,925 561,332 Earnings per share Basic earnings/(loss) per share (0.031) cents (0.027) cents Diluted earnings/(Loss) per share (0.031) cents (0.026) cents Consolidated Statement of Financial Position 6 months to 30 Sept 2018 6 months to 30 Sept 2017 Current Assets Cash at bank 2,814,098 4,370,016 Receivables and prepayments 153,091 208,625 Non-current assets Property, Plant & Equipment 273,232 77,442 Intangible assets (prospecting expenditure) 2,756,950 15,637 Assets under construction 10,859,876 8,607,398 Investments 19,415 16,042 Total Assets 16,876,662 13,295,160 Current Liabilities Payables 264,846 222,096 Other Current Liabilities 52,623 73,153 Total liabilities 317,469 295,249 Equity Capital 34,590,849 35,166,188 Reserves - 335,341 Retained profit/(loss) (18,031,656) (22,501,618) Total Equity 16,559,193 12,999,911 Total Equity and Liabilities 16,876,662 13,295,160 Consolidated Statement of Cash Flows 6 months to 30 Sept 2018 6 months to 30 Sept 2017 Cash flows relating to operating activities Cash inflows 36,028 1,547 Cash outflows (666,408) (562,583) Net operating cash flows (630,380) (561,036) Cash flows relating to investing activities Cash inflows - - Cash outflows (1,373,370) (824,282) Net investing cash flows (1,373,370) (824,282) Cash flows relating to financing activities Cash inflows - 1,250 Cash outflows - - Net financing cash flows - 1,250 Cash at beginning of period 4,828,750 5,754,398 Exchange rate gain/(loss) (10,902) (314) Net increase/(decrease) in cash held (2,003,750) (1,384,068) Cash at end of period 2,814,098 4,370,016 Consolidated Statement of Changes in Equity 6 months to 30 Sept 2018 6 months to 30 Sept 2017 Equity at start of period 17,229,804 13,559,993 Net profit/(loss) (672,082) (561,332) Shares issued - 1,250 Prior Year Adjustment 1,471 - Equity at end of period 16,559,193 12,999,911 Shares on Issue At 30 September 2018 the following shares are on issue Listed Shares 2,164,503,303 2,157,271,250 Listed Options 17,036,384 134,321,508 Unlisted Options 4,250,000 4,250,000 Events Subsequent to Balance Date No events occurred subsequent to balance date. Dividend No dividends or distributions were paid or are planned. Net Tangible Assets per Security 6 months to 30 Sept 2018 6 months to 30 Sept 2017 Net tangible assets 13,802,243 12,984,274 Net tangible assets per security 0.64 cents 0.62 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 2018. 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 2018. Those policies are set out in the annual report for the year ended 31 March 2018. 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. New Talisman Gold Mines Limited purchased an Australian subsidiary company which held the exploration permit for the Rahu tenement. New Talisman Gold Mines Limited now has control and direction over the mining activities relating to the Rahu tenement. More about New Talisman Gold at www.newtalisman.co.nz End CA:00327615 For:NTL Type:HALFYR Time:2018-11-29 17:21:57