Notice of Offer of Same Class Financial Products for Issue

26 July 2019 NZX Market Announcements Wellington ASX Company Announcements Office Perth NEW TALISMAN GOLD MINES LIMITED (NZX: NTL, ASX: NTL) NOTICE OF OFFER OF SAME CLASS FINANCIAL PRODUCTS FOR ISSUE New Talisman Gold Mines Limited (the Company) intends to seek applications to subscribe for the shortfall under its recent share purchase plan offer of new quoted shares (the Offer). The Company advises that: 1 The Offer is being made in reliance upon the exclusion in clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 (NZ) (FMCA). The Company is giving this notice under clause 20(1)(a) of Schedule 8 of the Financial Markets Conduct Regulations 2014 (NZ) (the Regulations). 2 As at the date of this notice, the Company is in compliance with: 2.1 the continuous disclosure obligations that apply to it in relation to the Company's quoted ordinary shares; and 2.2 its "financial reporting obligations" within the meaning set out in clause 20(5) of Schedule 8 of the Regulations. 3 As at the date of this notice, there is no information that is "excluded information" within the meaning set out in clause 20(5) of Schedule 8 of the Regulations. 4 The Offer is not expected to have any material effect or consequence on the control of the Company. In Australia, the Offer will be limited to "professional" or "sophisticated" investors, or other investors that are not required to be provided with disclosure under section 708 of the Corporations Act 2001 (Cth). Following allotments, New Talisman intends to provide a further "cleansing notice" under section 708A(6) of the Corporations Act 2001 (Cth). Yours faithfully, Matthew Hill Executive Director New Talisman Gold Mines Limited End CA:00338200 For:NTL Type:OFFER Time:2019-07-26 13:31:09