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Market Update

Operational Update18 August 2024NTLIndustrials

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19 August 2024

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED

(NZX: NTL, ASX: NTL)

FOR IMMEDIATE RELEASE


NTL MARKET UPDATE



NTL is pleased to confirm that it has completed the physical inspection of the processing plant

for processing ore from Talisman mine. The inspection report is excellent, with the plant being

described as being in “almost new condition”. NTL has advised the vendor it wishes to

proceed with the purchase after which the plant will be shipped to New Zealand where it will

be installed at the processing site that Terra Firma are preparing for NTL.

NTL is also pleased to advise that as we move into our production phase, the Board has

promoted Mr John Upperton to the position of General Manager Operations. Mr Upperton has

an extensive knowledge of Talisman and its stakeholders and has been instrumental in our

success of migrating NTL from an explorer to a producer.

NTL also advises that final applications for shortfall will close on August 23, 2024. Enquiries

can be made to alistair@campbellmacpherson.com or phone +64 21 240 2988

If you have any queries regarding any of the above, please contact: Mr John Upperton,

General Manager Operations at john@newtalisman.co.nz or phone +64 9 303 1983


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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