Capital Change Notice

Section 1: Issuer information Name of issuer New Talisman Gold Mines Limited NZX ticker code NTL Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZHERE0001S6 Currency NZ, AU Section 2: Capital change details Number issued/acquired/redeemed 104,286,225 Nominal value (if any) Not applicable Issue/acquisition/redemption price per security NZ 0.6875 cents for 94,690,840 shares AU 0.65 cents for 9,595,385 shares Nature of the payment (for example, cash or other consideration) Cash Amount paid up (if not in full) Paid in full Percentage of total class of Financial Products issued/acquired/redeemed/ (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 4.818% For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date) Not applicable Reason for issue/acquisition/redemption and specific authority for issue/acquisition/redemption/ (the reason for change must be identified here) Issue of shares under Share Purchase Plan Total number of Financial Products of the Class after the issue/acquisition/redemption/Conversion (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue/acquisition/redemption. 2,268,789,528 In the case of an acquisition of shares, whether those shares are to be held as treasury stock N/A Specific authority for the issue, acquisition, or redemption, including a reference to the rule pursuant to which the issue, acquisition, or redemption is made Directors' resolution dated 6 June 2019 for issue under rule 4.3.1(c) Terms or details of the issue, acquisition, or redemption (for example: restrictions, escrow arrangements) New ordinary shares which rank equally with all other fully paid ordinary shares Date of issue/acquisition/redemption 1 July 2019 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Jane Bell Contact person for this announcement Jane Bell Contact phone number +64 9 303 1893 Contact email address jane@newtalisman.co.nz Date of release through MAP 1 July 2019 End CA:00337001 For:NTL Type:SECISSUE Time:2019-07-02 08:31:15