Preliminary Half Year Results

11 November 2019 FOR IMMEDIATE RELEASE TO THE MARKET HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2019 (NZX, ASX: NTL) Consolidated Statement of Comprehensive Income 6 months to 30 Sept 2019 6 months to 30 Sept 2018 Revenue 2,570 36,028 Total revenue 2,570 36,028 Audit fees 14,973 15,571 Capital Loss on Disposal of Shares - - Depreciation 27,563 19,617 Director Fees 58,500 75,000 Director and Related Party Remuneration 21,060 78,400 Foreign Exchange (Gain)/Loss (7,270) (10,902) Loss on revaluation of shares (3,063) 36,583 Rent and leasing 11,673 13,074 Other operating expenses 332,020 480,767 Total operating and administrative expenses 455,456 671,527 Loss from operations 452,886 672,082 Net deficit attributable to members 452,886 672,082 Earnings per share Basic earnings/(loss) per share (0.017) cents (0.031) cents Diluted earnings/(Loss) per share (0.017) cents (0.031) cents Consolidated Statement of Financial Position 6 months to 30 Sept 2019 6 months to 30 Sept 2018 Current Assets Cash at bank 3,538,262 2,814,098 Receivables and prepayments 179,709 153,091 Non-current assets Property, Plant & Equipment 250,875 273,232 Intangible assets (prospecting expenditure) 2,764,950 2,756,950 Assets under construction 12,787,399 10,859,876 Investments 14,376 19,415 Total Assets 19,535,571 16,876,662 Current Liabilities Payables 290,342 264,846 Other Current Liabilities 59,879 52,623 Total liabilities 350,221 317,469 Equity Capital 38,216,371 34,590,849 Reserves - - Retained profit/(loss) (19,031,021) (18,031,656) Total Equity 19,185,350 16,559,193 Total Equity and Liabilities 19,535,571 16,876,662 Consolidated Statement of Cash Flows 6 months to 30 Sept 2019 6 months to 30 Sept 2018 Cash flows relating to operating activities Cash inflows 2,570 36,028 Cash outflows (565,454) (643,435) Net operating cash flows (562,883) (607,407) Cash flows relating to investing activities Cash inflows - - Cash outflows (775,303) (1,418,147) Net investing cash flows (775,303) (1,418,147) Cash flows relating to financing activities Cash inflows 3,625,522 - Cash outflows - - Net financing cash flows 3,625,522 - Cash at beginning of period 1,243,656 4,828,750 Exchange rate gain/(loss) 7,270 10,902 Net increase/(decrease) in cash held 2,287,336 (2,025,554) Cash at end of period 3,538,262 2,814,098 Consolidated Statement of Changes in Equity 6 months to 30 Sept 2019 6 months to 30 Sept 2018 Equity at start of period 16,028,262 17,229,804 Net profit/(loss) (468,434) (672,082) Shares issued 3,625,522 1,471 Equity at end of period 19,185,350 16,559,193 Shares on Issue At 30 September 2019 the following shares are on issue Listed Shares 2,670,897,941 2,164,503,303 Listed Options 17,036,384 17,036,384 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 2019 6 months to 30 Sept 2018 Net tangible assets 16,420,400 13,802,243 Net tangible assets per security 0.61 cents 0.64 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 2019. 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 2019. Those policies are set out in the annual report for the year ended 31 March 2019. 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 1,900 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:00345277 For:NTL Type:HALFYR Time:2019-12-02 10:44:07