SPP RAISES $3.6M

SPP AND SHORTFALL RAISES $3.6M o SHORTFALL SUCCESSFULLY RAISES $1.89m o TOTAL RAISED UNDER OFFER $3.6m New Talisman is delighted to announce the strong support from investors and shareholders has resulted in raising a further NZ$1.89m through the placement of 275,476,885 shares. This bring the total capital raised from the SPP including shortfall to NZ$3.6m. As previously announced the pilot plant has commenced processing batches of high grade ore for which assay results will be announced in the next week. The plant is being tuned to meet recovery rates and waste parameters in order to meet requirements for design and build of a larger capacity plant. Matthew Hill Said "The strong support by our NZ investor base and new investors resulting in one of the most successful SPP in NZ this year demonstrates the opportunity to create value for our shareholders as we reopen one of New Zealand's historically productive gold mines." For further information please contact Jane Bell Company Secretary on jane@newtalisman.co.nz End CA:00340505 For:NTL Type:SECISSUE Time:2019-09-06 10:41:19