Preliminary Half Year Report to 30 Sept 2020

26 November 2020 FOR IMMEDIATE RELEASE TO THE MARKET HALF YEAR PRELIMINARY RESULTS TO 30 SEPTEMBER 2020 (NZX, ASX: NTL) Consolidated Statement of Comprehensive Income 6 months to 30 Sept 2020 6 months to 30 Sept 2019 Revenue 2,186 2,570 Total revenue 2,186 2,570 Audit fees 16,914 14,973 Capital Loss on Disposal of Shares - - Depreciation 15,951 27,563 Director Fees 49,333 58,500 Director and Related Party Remuneration 18,720 21,060 Foreign Exchange (Gain)/Loss (12,300) (7,270) Impairment of Prospecting Costs - 2,753,313 (Gain) / Loss on revaluation of shares (4,545) (3,063) Rent and leasing 10,232 11,673 Other operating expenses 309,082 347,568 Total operating and administrative expenses 407,932 3,227,380 Loss from operations 401,201 3,221,747 Net deficit attributable to members 401,201 3,221,747 Earnings per share Basic earnings/(loss) per share (0.014) cents (0.120) cents Diluted earnings/(Loss) per share (0.014) cents (0.120) cents Consolidated Statement of Financial Position 6 months to 30 Sept 2020 6 months to 30 Sept 2019 Current Assets Cash at bank 1,869,706 3,538,262 Receivables and prepayments 144,283 179,709 Non-current assets Property, Plant & Equipment 207,122 250,875 Intangible assets (prospecting expenditure) 11,637 11,637 Assets under construction 13,428,865 12,787,399 Investments 10,127 14,376 Total Assets 15,671,740 16,782,258 Current Liabilities Payables 100,814 290,342 Other Current Liabilities 32,215 59,879 Total liabilities 133,029 350,221 Equity Capital 38,216,371 38,216,371 Reserves - - Retained profit/(loss) (22,677,660) (21,784,334) Total Equity 15,538,711 16,432,037 Total Equity and Liabilities 15,671,740 16,782,258 Consolidated Statement of Cash Flows 6 months to 30 Sept 2020 6 months to 30 Sept 2019 Cash flows relating to operating activities Cash inflows 882 2,570 Cash outflows (358,579) (565,454) Net operating cash flows (357,697) (562,883) Cash flows relating to investing activities Cash inflows - - Cash outflows (280,615) (775,303) Net investing cash flows (280,615) (775,303) 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 2,495,718 1,243,656 Exchange rate gain/(loss) 12,300 7,270 Net increase/(decrease) in cash held (638,312) 2,287,336 Cash at end of period 1,869,706 3,538,262 Consolidated Statement of Changes in Equity 6 months to 30 Sept 2020 6 months to 30 Sept 2019 Equity at start of period 15,939,912 16,028,262 Net profit/(loss) (401,201) (3,221,747) Shares issued - 3,625,522 Equity at end of period 15,538,711 16,432,037 Shares on Issue At 30 September 2020 the following shares are on issue Listed Shares 2,792,225,363 2,670,897,941 Listed Options 17,036,384 17,036,384 Unlisted Options - 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 2020 6 months to 30 Sept 2019 Net tangible assets 15,527,074 16,420,400 Net tangible assets per security 0.56 cents 0.61 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 2020. 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 2020. Those policies are set out in the annual report for the year ended 31 March 2020. There have been no changes to those accounting policies. _____________________________________________________________________________ _____ About New Talisman Gold Mines Ltd New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 2900 shareholders who are mainly from Australia and New Zealand and has been listed since 1986. It is a leading New Zealand minerals development and exploration company with a mining permit encompassing the Talisman mine, one of New Zealand's historically most productive gold mines. The company has commenced prospecting and upgrading activities at the mine and advance the exploration project to increase its considerable global exploration target into JORC 2012 resources. Its gold properties near Paeroa in the Hauraki District of New Zealand are a granted mining permit, including one of New Zealand's highest-grade underground gold mines. More about New Talisman Gold at www.newtalisman.co.nz End CA:00364025 For:NTL Type:HALFYR Time:2020-11-26 14:07:21