Quarterly Activities Report to 31 Dec 2021 – Amended

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______________________________________________________
23 March 2022
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED
(ASX, NZX: NTL, NTLOB)
FOR IMMEDIATE RELEASE
Revised Cash Forecast and Activity Report
For the Quarter Ended 31 Dec 2021
At the request of ASX, NTL is providing a revised Cash Forecast and Activity Report for the
period ended 31 Dec 2021. The revised forecast more properly reflects the anticipated cash
outflow whereas the previous forecast was based on originally budgeted outflows of
c
ash. The Activities report confirms there were no mining or exploration activities in that
quarter.
NTL has decided to release the revised report to both exchanges in the interest of full
disclosure to all shareholders.
Mr J
Upperton
Chairman
New Talisman Gold Mines Limited
________
__________________________________________________________________________________

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

1
New Talisman Gold Mines
Limited
Responsible,
Environmentally
Sustainable Mining
ASX/NZX Code NTL
______________________
Commodity Exposure
GOLD and SILVER
B
oard
J
ohn Upperton Chairman/Independent Director

Samantha Sharif Independent Director
Michael Stiassny Independent Director
Victor Rabone No
n-Executive Director
Jane Bell Company Secretary
C
apital Structure
Ordinary Shares at 31/12/2021 3,189m
Sh
are Price
Share Price at 27/01//2022 (NZX) 0.20cps
Share Price at 27/01//2022 (ASX) 0.15cps
N
ew Talisman Gold Mines Limited
A
ddress 547 Parnell Rd, Parnell,
Auckland
Phone +64 09 303 1893
Website
www.newtalisman.co.nz
Email info@newtalisman.co.nz
Market Announcement
For Immediate Release
New Talisman Gold Mines Limited (NTL) is pleased to present a
report on activities for the quarter ended 31 December 2021.
HIGHLIGHTS
•Vanuatu Transaction Fully Settled
•Broken Hills Deal Terminated
•Board Appointments
The Shareholder sentiment expressed at the Company's September
ASM came to fruition in October and has been detailed as post quarter
activity in the previous Quarterly Activities report to Sept 30 2021.
https://www.nzx.com/announcements/381849
As earlier detailed the Company received a claim from former Director
Matthew Hill in October which it has strongly rebuffed and considers is
without merit. There is nothing further to report.
At the beginning of November the Board appointed and welcomed two
new independent Directors, Mr Michael Stiassny and Ms Samantha
Sharif and as intended, interim Director Mr Calum McKenzie stood
down from the Board.
https://www.nzx.com/announcements/381959
With a fully constituted and stabilised Board, work was able to begin on
determining a path forward for the Company.
It became apparent to the Board that the condition to transfer the
Broken Hills Mining Permit to New Talisman by Dec 31 2021 was
unable to be satisfied and the independent Directors decided to
terminate the Purchase agreement with Broken Hills. This decision also
impacted upon the merits of the Listing of Coromandel Gold Ltd
planned by the previous Board, and it was also announced at that time
that the Listing would not proceed.
https://www.nzx.com/announcements/383587
At the end of the December quarter the Company issued 62,080,075
ordinary shares in final settlement of the Capella Vanuatu acquisition.
No mining or exploration activities were undertaken in the quarter.
The Company paid $45,007 for Directors fees and consulting services
to companies in which directors had an interest.
The Company advanced $17,404 to Coromandel Gold Limited; a
subsidiary of the Company. The Company advanced $8,472 to Rahu
Resources Pty Limited; a subsidiary of the Company.
The Board has also had to deal with a number of regulatory queries,
largely pertaining to the period prior to the new Board's involvement.
These have been somewhat of a distraction, but the absolute priority
for the next quarter is to continue to develop
a Strategic Plan
concentrating upon the core asset of the Talisman Mine.
Tenements
Talisman Mine – MP51326
Capella Vanuatu – PL1851
Quarterly Activities Report to 31 December 2021

Rule 5.5
ASX Listing Rules Appendix 5B (17/ 07/20) Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
Name of entity
NEW TALISMAN GOLD MINES LIMITED
ABN Quarter ended (“current quarter”)
009 474 702 31 December 2021
Consolidated statement of cash flows
Current quarter
$NZ’000
Year to date (9
months)
$NZ’000
1.Cash flows from operating activities
Nil Nil
1.1 Receipts from customers
1.2 Payments for
Nil Nil
(a)exploration & evaluation
(b) development(38) (310)
(c)productionNil Nil
(d)staff costsNil Nil
(e)administration and corporate costs(360) (776)
1.3 Dividends received (see note 3)Nil Nil
1.4 Interest receivedNil Nil
1.5 Interest and other costs of finance paidNil Nil
1.6 Income taxes paidNil Nil
1.7 Government grants and tax incentivesNil Nil
1.8 Other (provide details if material)Nil Nil
1.9 Net cash from / (used in) operating
activities
(398) (1,086)
2.Cash flows from investing activities
Nil Nil
2.1 Payments to acquire or for:
(a) entities
(b) tenementsNil Nil
(c)property, plant and equipmentNil (2)
(d)exploration & evaluationNil Nil
(e) investmentsNil Nil
(f)other non-current assetsNil Nil

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/ 07/20) Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows
Current quarter
$NZ’000
Year to date (9
months)
$NZ’000
2.2 Proceeds from the disposal of:
Nil Nil
(a) entities
(b) tenementsNil Nil
(c)property, plant and equipmentNil Nil
(d) investmentsNil Nil
(e)other non-current assetsNil Nil
2.3 Cash flows from loans to other entities(26) (95)
2.4 Dividends received (see note 3)Nil Nil
2.5 Other (provide details if material)Nil Nil
2.6 Net cash from / (used in) investing
activities
(26) (97)
3.Cash flows from financing activities
Nil 693
3.1
Proceeds from issues of equity securities
(excluding convertible debt securities)
3.2 Proceeds from issue of convertible debt
securities
Nil Nil
3.3 Proceeds from exercise of options
Nil Nil
3.4 Transaction costs related to issues of equity
securities or convertible debt securities
Nil Nil
3.5 Proceeds from borrowings
Nil Nil
3.6 Repayment of borrowings
Nil Nil
3.7 Transaction costs related to loans and
borrowings
Nil Nil
3.8 Dividends paid
Nil Nil
3.9 Other (provide details if material)
Nil Nil
3.10 Net cash from / (used in) financing
activities
Nil 693
4.Net increase / (decrease) in cash and
cash equi
valents for the period
4.1 Cash and cash equivalents at beginning of
period
1,042 1,111
4.2 Net cash from / (used in) operating
activities (item 1.9 above)
(398) (1,086)
4.3 Net cash from / (used in) investing activities
(item 2.6 above)
(26) (97)
4.4
Net cash from / (used in) financing activities
(item 3.10 above)
Nil 693

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/ 07/20) Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.
Consolidated statement of cash flows
Current quarter
$NZ’000
Year to date (9
months)
$NZ’000
4.5 Effect of movement in exchange rates on
cash held
5 2
4.6 Cash and cash equivalents at end of
period
623 623
5.Reconciliation of cash and cash
equi
valents
at the end of the quarter (as shown in the
c
onsolidated statement of cash flows) to th
e
r
elated items in the accounts
C
urrent quarter
$NZ’000
Previous quarter
$NZ’000
5.1 Bank balances 517 945
5.2 Call deposits Nil Nil
5.3 Bank overdrafts Nil (8)
5.4 Other (provide details) 105 105
5.5
Cash and cash equivalents at end of
quarter (should equal item 4.6 above)
623 1,042
6.Payments to related parties of the entity and their
associates
Current quarter
$NZ'000
6.1 Aggregate amount of payments to related parties and their
associates included in item 1
(45)
6.2 Aggregate amount of payments to related parties and their
associates included in item 2
(25)
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an
explanation for, such payments.
The Company paid $45,007 for consulting services and director fees to companies in which directors
and major shareholders have a substantial interest
The Company advanced $17,404 to Coromandel Gold Limited; a subsidiary of the Company.
The Company advanced $8,472 to Rahu Resources Pty Limited; a subsidiary of the Company.

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/ 07/20) Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.
7.Financing facilities
Note: the term “facility’ includes all forms of financing
arrangements available to the entity.
Add notes as necessary for an understanding of the
s
ources of finance available to the entity.
Total facility
amount at quarter
end
$NZ’000
Amount drawn at
quarter end
$NZ’000
7.1 Loan facilities Nil Nil
7.2 Credit standby arrangements Nil Nil
7.3 Other (please specify) Nil Nil
7.4 Total financing facilities Nil Nil
7.5 Unused financing facilities available at quarter end Nil
7.6 Include in the box below a description of each facility above, including the lender, interest
rate, maturity date and whether it is secured or unsecured. If any additional financing
facilities have been entered into or are proposed to be entered into after quarter end,
include a note providing details of those facilities as well.
8.Estimated cash available for future operating activities$NZ’000
8.1 Net cash from / (used in) operating activities (item 1.9) (398)
8.2
(Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
Nil
8.3 Total relevant outgoings (item 8.1 + item 8.2) (398)
8.4 Cash and cash equivalents at quarter end (item 4.6) 623
8.5 Unused finance facilities available at quarter end (item 7 .5) Nil
8.6 Total available funding (item 8.4 + item 8.5) 623
8.7
Estimated quarters of funding available (item 8.6 divided by
item 8.3)
1.6
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.
Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.
8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
A
nswer: The Company does not intend to have the current level of net operating cash flows
for the time being. The Company is forecasting a monthly cash out flow of $50,000
attributed to reduced exploration activity and corporate activity due to the
termination of the management services contract with Asia Pacific Capital and the
reduction of one off legal and financial costs in relation to potential acquisitions.
Further the previous quarter included costs of a capital raise that was abandoned
that is not expected in subsequent quarters.
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Answer: The Directors are currently considering various forms of funding for future
operations.

Appendix 5B
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
ASX Listing Rules Appendix 5B (17/ 07/20) Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.
8.8.3 Does the entity expect to be able to continue its operations and to meet its business
objectives and, if so, on what basis?
Answer: The Company expects to be able to continue its operations and meet its business
objectives on the basis of various forms of funding and reduced cash outflo w
expectations for the coming months.
Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.
Compliance statement
1 This statement has been prepared in accordance with accounting standards and policies which
comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.
D
ate: ...................................................................................
A
uthorised by: ...................................................................................
(Jane Bell – Director/Company Secretary)
Notes
1.This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about th
e
entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An
entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is
encouraged to do so.
2.If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions
in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cas
h
F
lows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounti
ng
s
tandards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3.Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities,
depending on the accounting policy of the entity.
4.If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”.
If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By t
he
[nam
e of board committee – eg Audit and Risk Committee]”. If it has been authorised for release to the market by a
disclosure committee, you can insert here: “By the Disclosure Committee”.
5.If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as
complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles
and
R
ecommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial
records of the entity have been properly maintained, that this report complies with the appropriate accounting standards
and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a
sound system of risk management and internal control which is operating effectively.
23 March 2022