Quarterly Cashflow Report

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Current
Quarter
$NZ



Year to Date
(9 Mths)
$NZ



Nil

(451,098)
Nil
(374,311)
Nil
1,081
Nil
Nil
Nil



Nil
(1,108,776)
Nil
(1,027,907)
Nil
2,628
Nil
Nil
Nil
(824,328) (2,134,055)



Nil
Nil
(18,760)
Nil
Nil
Nil
Nil
Nil
Nil



Nil
Nil
(89,926)
Nil
Nil
Nil

Nil
Nil

(18,760)

(89,926)



1,924,661
Nil
Nil
Nil
Nil
Nil



1,925,910
Nil
Nil
Nil
Nil
Nil

1,924,661

1,925,910

1,081,573
4,370,016
5,090

(298,071)
5,754,398
352

5,456,679

5,456,679
APPENDIX 11
(Rule10.8.4)



QUARTERLY REPORT OF CONSOLIDATED CASH
FLOWS
NEW TALISMAN GOLD MINES
LIMITED

For Quarter ended 31 December 2017
(Referred to in this Quarter as the "Current Quarter")


Quarterly Report of Consolidated Cash Flows in accordance with
Listing Rule 10.8.4. These figures are based on accounts which are
*unaudited. If these figures are based on audited accounts, a
statement is required of any material qualification made by the
auditor. The Mining Issuer *has a formally constituted Audit
Committee of the Board of Directors.


1. CASH FLOWS RELATING TO OPERATING ACTIVITIES
(a) Receipts from product sales and related debtors
(b) Payments for exploration and evaluation
for development
for production
for administration
(c) Dividends received
(d) Interest and other items of a similar nature received
(e) Interest and other costs of finance paid
(f) Income taxes paid
(g) Other (provide details if material)
(h) NET OPERATING CASH FLOWS



2. CASH FLOWS RELATED TO INVESTING ACTIVITIES
(a) Cash paid for purchases of prospects
equity investments
other fixed assets
(b) Cash proceeds from sale of prospects
equity investments
other fixed assets

(c) Loans to other entities Nil
(d) Loans repaid by other entities
(e) Other (provide details if material) - Sale of share investments


(f) NET INVESTING CASH FLOWS


3. CASH FLOWS RELATED TO FINANCING ACTIVITIES
(a) Cash proceeds from issues of shares, options, etc
(b) Proceeds from sale of forfeited shares
(c) Borrowings
(d) Repayments of borrowings
(e) Dividends paid
(f) Other (provide details if material)


(g) NET FINANCING CASH FLOWS


4. (a) *NET INCREASE (DECREASE) IN CASH HELD
(b) Cash at beginning of quarter/year to date
(c) Exchange rate adjustments to Item 4(a) above


(d) CASH AT END OF QUARTER

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Amount Available
$NZ

Amount Used
$NZ




Current Quarter
$NZ

Following Quarter
$NZ

Nil


Nil

425,000

425,000

425,000

425,000

Current Quarter
$NZ

Previous Quarter
$NZ

1,351,679


265,016


4,000,000



4,000,000

Nil

Nil

105,000


105,000


5,456,679



4,370,016

5. NON-CASH FINANCING AND INVESTING ACTIVITIES

(a) Provide details of financing and investing transactions which have had a material effect on consolidated assets and
liabilities but did not involve cash flows:

Nil....................................................................................................................................................

(b) Provide details of outlays made by other entities to establish or increase their shares in projects in which the reporting
entity has an interest.

Nil..............................................................................................................................................................................

.
6. FINANCING FACILITIES AVAILABLE


Provide details of used and unused loan facilities and
credit standby arrangements, adding such notes as are
necessary for an understanding of the position.


N/A................................................................................


..........................................................................................


..........................................................................................



7. ESTIMATED OUTLAYS FOR SPECIFIED QUARTERS



(a) Exploration and evaluation



(b) Development



TOTAL




# The outlays to be shown in this column are the estimates made for this quarter in the previous quarterly report. Where
these estimates differ by more than 15% from the actual outlays reported in Item 1(b) of this report, provide an
explanation of the reason(s) for these differences as an attachment to this report – see Annexure 1.

8. RECONCILIATION OF CASH

For the purposes of this statement of cash flows, cash includes:

Petty cash, Westpac cheque & savings accounts, ANZ accounts, NAB, Macquarie & Westpac Australian dollar cheque
accounts.


Cash at the end of the quarter as shown in the statement
of cash flows is reconciled to the related items in the
amounts as follows:


Cash on hand and at bank



Deposits at call and Term Deposits



Bank overdraft



Other (provide details) - Bond



TOTAL = CASH AT END OF QUARTER [Items
4(d)/4(b)]

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Tenement
Reference

Nature of
Interest

Interest at
Beginning
of Quarter

Interest at End
of Quarter

a) N/A



b) N/A

9. CHANGES IN INTERESTS IN MINING TENEMENTS


(a) Interests in mining
tenements relinquished,
reduced and/or lapsed

(b) Interests in mining
tenements acquired
and/or increased

(c) Where changes are
reported in (a) and/or (b),
an amended list of
interests in mining
tenements is attached to
this statement.

10. ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER

Category of Securities Number Issued Number Quoted Paid-Up Value Cents
PREFERENCE SHARES Nil Nil
ORDINARY SHARES

2,164,503,303 2,164,503,303
SHARES
Issued during current
quarter:
Nil

Nil

CONVERTIBLE NOTES: Nil

Nil

Issued during current
quarter
Nil

Nil

OPTIONS:



Exercise Price / Expiry Date

Quoted
17,036,384 17,036,384
A$0.055 or NZ equivalent
/ 30 September 2022
Issued during current
quarter
Nil Nil
Expired during current
quarter
Nil Nil
Not quoted and not
transferable



1,250,000

3,000,000


Nil

Nil

A$0.011 or NZ equivalent
/ 13 February 2019
A$0.011 or NZ equivalent
/ 13 November 2018

Issued during current
quarter

Nil

Nil

WARRANTS:
Nil Nil
DEBENTURES – totals
only:
Nil Nil
UNSECURED NOTES –

totals only:

Nil Nil


Jane Bell (Company Secretary)
Authorised Officer of Listed Issuer
31 December 2017

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Annexure 1

The actual development expenditure for the quarter was $451,098 compared to a budget of $300,000. The reason for the variance
was due to the earlier commencement of work planned for the following quarter.

List of interest in mining permits:

Talisman 51326
Rahu 40117