Quarterly Report 31 December 2018

HIGHLIGHTS o Sampling results from Mystery Vein show extension of high-grade gold and silver mineralisation o Auxiliary fan commissioned and loading at Dubbo Zone underway o Development of the Keillors 8A return airway commences o Blasting Extraction and stockpiling continues o Access to Dubbo Zone advances Following on the September quarter, which saw the resumption of mining activities at the Talisman Mine for the first time since 1992, the board of New Talisman Gold Mines is pleased to announce the results of yet another very productive quarter which has seen the achievement of a number of objectives as the company progresses towards production. Figure 1 - The auxiliary fan and controls in place in No 8 Level Drive With the NZD gold price reaching $1940 NZD per ounce, levels not seen since March 2013 at a time when USD gold price was at $1600, the commercial returns for both the short term and the long term mine plan continue to improve. End CA:00330019 For:NTL Type:ADMIN Time:2019-01-31 13:42:58