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 Not applicable Section 2: Capital change details Number issued/acquired/redeemed Issue of 100,041,038 ordinary shares Nominal value (if any) Not applicable Issue/acquisition/redemption price per security Nil - issue of loyalty shares under the 2019 Share Purchase Plan and SPP shortfall placement Nature of the payment (for example, cash or other consideration) Not applicable 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) 3.716% 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 loyalty shares under terms of 2019 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. 2,792,225,363 In the case of an acquisition of shares, whether those shares are to be held as treasury stock Not applicable 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 5 June 2019 for issue under rule 4.5.1 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 8 July 2020 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 8 July 2020 End CA:00355945 For:NTL Type:SECISSUE Time:2020-07-08 12:21:42