NTL Governance Changes to Support Strategic Plan

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9 September 2022
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED
(ASX, NZX: NTL, NTLOB)
FOR IMMEDIATE RELEASE
New Talisman governance changes to support Strategic Plan delivery
New Talisman announces that as of Monday 12th September, current Board Chair John
Upperton will step down as Chair, to lead the implementation of NTL’s Strategic Plan as
Strategy Delivery Manager. This role will be reviewed around March 2023, when the company
anticipates appointing a Mine Overseer. Mr Upperton will remain on the Board as an executive
director.
Independent Director Samantha Sharif will take on the role of Chair of the Board.
As part of its strategic review, NTL is focussed on running a lean and cost-efficient business.
To that end, NTL will:
• Bring external support services in house by expanding the existing Company Secretary
role to incorporate the CFO role and responsibilities.
• Seek an early release from the lease of the registered company office in Parnell. The
new address of the Company’s Registered Office will be updated accordingly.
These initiatives will generate significant ongoing cost and efficiency savings for the business.
Outgoing Chair Mr Upperton commented, "It is with no small amount of satisfaction that I can
now shift my focus to the delivery of New Talisman's Strategic Plan, with the company now
able to fully concentrate its efforts on bringing the Talisman project into production. These are
exciting times for NTL. We are currently working on innovative measures to reduce the
environmental footprint of the productive mine while at the same time bring increased
efficiencies and lower production and processing costs."
Incoming Chair Ms Sharif commented, “I am honoured to be taking on the role of New
Talisman Chair at this pivotal time for the Company and look forward to delivering positive
benefits for our loyal shareholders, stakeholders and staff”.
As previously announced, (
https://www.asx.com.au/asxpdf/20220824/pdf/45d5ph5l0swtwp.pdf) the
company intends to complete its private share placement in the second half of September, at
which time it will be well positioned to bring the Talisman project into production.

Mr J Upperton
Chairman
New Talisman Gold Mines Limited
E: john@newtalisman.co.nz
Ph: 09 303 1893


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547 Parnell Rd, Parnell, Auckland 1052
Office +64 9 303 1893
info@newtalisman.co.nz