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Market Update

Director Appointment15 October 2021NTLIndustrials

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15 October 2021

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED

(ASX, NZX: NTL, NTLOB)

FOR IMMEDIATE RELEASE

Market Update

New Talisman Gold Mines Ltd is currently in discussions with a number of quality Board

candidates whose skill base will satisfy the Company's Audit Committee requirements and

further broaden the Boards skillset. The Company hopes to be in a position to announce

appointments in the near term.

We are also pleased that Mr Murray Stevens remains available to the company as a technical

adviser on a consulting basis.

As part of the review of its management structure, the Company is pleased to announce the

appointment of Mr Victor Rabone to an interim position of Operations Manager, reporting

directly to the Chair. Mr Rabone is currently a non-independent Director of New Talisman and

will contract to the Company to provide this service. Mr Rabone's tasks will cover the day to

day operations of the Talisman Mine and, once the acquisition completes, also of Broken Hills

Mine.

The establishment of this role allows the Company to concentrate on its core business without

the distractions that appear to have plagued the Company previously.

This position will be reviewed in 3 months time as the Company moves forward with its

concentration on core business.

The Company continues to review its immediate priorities and will update the market further

as decisions are made with input from soon to be made Board appointments.


Mr J Upperton

Chairman

New Talisman Gold Mines Limited



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About New Talisman Gold Mines Ltd

New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 3000 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.

547 Parnell Rd, Parnell, Auckland 1052

Office +64 9303 1893

Fax +64 9303 1612

info@newtalisman.co.nz

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