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Successful Extension of Vanuatu Prospecting Licence

Operational Update26 July 2023NTLIndustrials

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27 July 2023

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED

(NZX: NTL, ASX: NTL)

FOR IMMEDIATE RELEASE


APPLICATION FOR EXTENSION OF VANUATU PROSPECTING LICENCE SUCCESSFUL


New Talisman Gold Mines Limited is pleased to announce an application made to the Minister of

Lands and Natural Resources in the Government of Vanuatu, for an extension of time for

Prospecting Licence PL1851, has been successful.

The application was made due to the travel and operating restrictions in place during Covid-19, and

the Minister has agreed to extend the permit timeframe a further two years until October 2025,

noting that the prospecting work will bring benefits to both the NTL Group and the Republic of

Vanuatu.

The extension provides certainty for the advancement of discussions with potential partners in a

Work programme drafted for the Permit area.

PL1851 is held by Capella Vanuatu Ltd, a wholly owned subsidiary of NTL's Coromandel Gold Ltd.




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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