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Ineligible Shareholder Rights Tender Oversubscribed

Capital Raise26 June 2023NTLIndustrials

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__________________________________________________________________________

27 June 2023

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED

(NZX: NTL, ASX: NTL)

FOR IMMEDIATE RELEASE


INELIGIBLE INVESTOR RIGHTS SALE COMPLETED


On 7 June 2023 the Company announced that it was seeking applications by way of tender to

acquire the ineligible investor rights from the Company’s recently concluded rights issue. The

tender has now closed with 12 parties tendering bids for 4,413,555 shares. As 1,359,288

shares were available the tender was, pleasingly, well over subscribed. Those bids at or over

0.0185 per share were accepted. The shares were issued on 9 June 2023 to a nominee

company to be sold on behalf of ineligible investors. They are now in the process of being

transferred to the successful bidders. The tender raised a total of NZ$25,472.



Yours sincerely,


Samantha Sharif

Chair

New Talisman Gold Mines Limited

2b Gibraltar Cres,

Parnell, Auckland 1052

Office +64 9 303 1893

info@newtalisman.co.nz

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