Preliminary Results for the Year Ended 31 March 2026

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Updated as at March 2025

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Results for announcement to the market
Name of issuer New Talisman Gold Mines Limited
Reporting Period 12 months to 31 March 2026
Previous Reporting Period 12 months to 31 March 2025
Currency NZ$
Amount (000s) Percentage change
Revenue from continuing
operations
$53 121%
Total Revenue $53 121%
Net profit/(loss) from
continuing operations
($2,212) -285%
Total net profit/(loss) ($2,257) -279%
Interim/Final Dividend
Amount per Quoted Equity
Security
Nil
Imputed amount per Quoted
Equity Security
Not Applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security (in
dollars and cents per
security)
$0.0214 $0.0244
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
Please refer to attached document
Authority for this announcement
Name of person

authorised
to make this announcement
Sarah Jane Bell
Contact person for this
announcement
Sarah Jane Bell
Contact phone number 021764224
Contact email address jane@newtalisman.co.nz
Date of release through MAP

29 May 2026

Unaudited financial statements accompany this announcement.

Page | 1

_____________________________________________________
29 May 2026

FOR IMMEDIATE RELEASE
NTL FY 2026 Preliminary Results (unaudited) [NZX: NTL]
New Talisman today reports its preliminary unaudited FY2026 results.
Summary of Key Results and Events
 Processing plant assembled and successfully commissioned
 Capital raised through a Rights Issue and private placement
 Final conversion of Convertible Debt Security into equity
 Development drive commenced at Mystery
 Production of gold/silver concentrate achieved
 Offtake agreement secured for gold/silver concentrate
 Tailings management issues resolved
 No dividend declared for the period

Overview
For the financial year ended 31 March 2026, the Company made significant progress toward its transition to a
producing explorer. New Talisman successfully assembled and commissioned a processing plant capable of
treating ore from the Talisman mine, achieving initial production of gold concentrate during commissioning.
The Company also secured key commercial agreements to support operations. An agreement with Ocean
Partners was established for the sale of gold/silver concentrate, while a separate agreement with Melody Gold
provides for the removal of tailings and the purchase of lower-grade ore that would otherwise be uneconomic
for New Talisman to process.
In parallel, the Company has continued to focus on improving administrative efficiency, positioning itself to
deliver sustainable, long-term value for shareholders.
2b Gibraltar Cres, Parnell, Auckland 1052
Office +64 9303 1893
Fax +64 9303 1612
info@newtalisman.co.nz

2



Unaudited Consolidated Statement of
Comprehensive Income


Reporting Period
31 March 2026
Reporting Period
31 March 2025

Continuing Operations
$ $
Operating Income
52,790 23,752
Administrative expenses
Operating expenses
Impairment losses
(895,686)
(1,369,395)
-
(772,857)
(986,950)
(13,404)
Reversal of Impairment loss
- 5,855,580
Gain/(loss) from operations
(2,212,291) 4,106,121


Finance Costs (44,310) (63,347)
Net profit/(loss) for the year (2,256,601) 4,042,774
Other Comprehensive income/(loss)
- -
Total Comprehensive income/(loss)
(2,256,601) 4,042,774
Comprehensive profit/(loss) attributable to equity holders
of the group
(2,256,601) 4,042,774

Earnings per share

Basic earnings/(loss) per share
(0.0028) 0.0063
Diluted earnings/(loss) per share
(0.0028) 0.0063

3
Unaudited Consolidated Balance Sheet


Reporting Period
31 March 2026

Reporting Period
31 March 2025

$ $
Cash
1,176,627 640,395
Trade and other receivable
62,653 100,790
Other Assets
123,899 181,473
Current assets
1,363,179 922,658


Property, plant & equipment
1,532,257 1,043,785
Mine Development
14,720,874 14,354,397
Exploration & Evaluation
11,637 11,637
Right of use assets
92,096 166,870
Other Financial Assets
175,000 175,000
Non-current assets
16,531,864 15,751,689


Total assets
17,895,043 16,674,347


Trade & Other Payables
372,165 399,696
Convertible Note
- 35,324
Short Term Lease Liabilities
79,494 73,829
Total Current liabilities
451,659 508,849
Long Term Lease liabilities
13,639 93,134
Rehabilitation Reserve
452,599 434,279
Total Non-Current liabilities
466,238 527,413
Total Liabilities
917,897 1,036,262
Capital



48,550,505



44,954,843
Reserves
- -
Retained profit/(loss)
(31,573,359) (29,316,758)
Total equity
16,977,146 15,638,085


Total Equity and Liabilities
17,895,043 16,674,347

Net tangible assets per security

Net tangible assets
16,977,146 15,638,085
Net tangible assets per security
0.0214 0.0244

4
Unaudited Consolidated Statement of Cash Flows


Reporting Period
31 March 2026

Reporting Period
31 March 2025

$ $
Cash flows relating to operating activities

Cash inflows
9,355 21,571
Cash outflows
(1,977,021) (1,557,967)
Net operating cash flows
(1,967,666) (1,536,396)


Cash flows relating to investing activities

Cash inflows
- 31,280
Cash outflows
(979,157) (1,131,162)
Net investing cash flows
(979,157) (1,099,882)


Cash flows relating to financial activities

Cash inflows
3,664,841 2,991,569
Cash outflows
(178,333) (196,068)
Net financing cash flows
3,486,508 2,795,501


Net increase/(decrease) in cash held
539,685 159,223
Cash at beginning of period
640,395 480,997
Exchange rate gain/(loss)
(3,453) 175
Cash at end of period
1,176,627 640,395

5

Unaudited Consolidated Statement of Changes in
Equity


Reporting Period
31 March 2026

Reporting Period
31 March 2025


$ $
Equity at start of period
15,638,085 8,111,509
Net profit / (loss)
(2,256,601) 4,042,774
Shares issued
3,560,338 2,795,501
Partial Conversion of Note
35,324 688,301
Equity at end of period
16,977,146 15,638,085





These annual financial statements are subject to completion of the audit.

No dividends or distributions were paid or are planned.

All statements are prepared in accordance with New Zealand equivalents to International Financial
Reporting Standards.


While the preparation of these preliminary results does not require extensive disclosure of accounting
policies, the Directors note that the valuation of exploration, evaluation and mine development assets
involves significant estimation.

In particular, impairment assessments require judgement in relation to forecast cash flows, commodity
prices, funding assumptions and the expected life of mining assets. Changes in these assumptions may
materially impact reported asset values in future periods.
Having reviewed the current status of the project and considered all relevant information including the
significant sustained increase in gold price the directors have decided not to make an impairment provision
to the Talisman mine asset.


All accounting policies have been applied on bases consistent with those used in previous years.



















About New Talisman Gold Mines Ltd

New Talisman is listed on NZX. NTL has over 1,200 shareholders with approximately 75% of shareholders from New Zealand and has
been listed since 1986. It is a leading New Zealand minerals development and exploration company that holds a tier one mining permit
encompassing the Talisman mine, one of New Zealand’s historically most productive gold mines and an exploration permit for the
adjacent Rahu tenement.
More about New Talisman Gold at www.newtalisman.co.nz