Amended Corporate Action Notice

Corporate Action Notice
(Other than for a Distribution)
Updated June 2026
Page 1 of 3
The following Corporate Action notice describes a 1 for 25 rights issue, which is to be undertaken in
conjunction with a 25 into 1 consolidation with the same record date but the rights issue corporate action
occurring immediately prior to the consolidation. The substantive effect is that the rights issue takes
place on a 1:1 basis taking into account consolidation, so approximately 31,733,871 new shares are
offered at $0.123 each to raise up to $3.9 million.
Section 1: Issuer information (mandatory)
Name of issuer New Talisman Gold Mines Limited
Class of Financial Product Ordinary Shares
NZX ticker code NTL
ISIN (If unknown, check on NZX
website)
NZHERE0001S6
Name of Registry Computershare Investor Services Limited
Type of corporate action
(Please mark with an X in the
relevant box/es)
Share Purchase Plan/retail
offer
Renounceable
Rights issue or
Accelerated
Offer
X
Capital
reconstruction
X Non-
Renounceable
Rights issue or
Accelerated
Offer

Call Bonus issue
Placement
Record date 5.00pm (NZDT) on Wednesday, 18/11/2026
Ex Date (one business day before
the Record Date)
Tuesday, 17/11/2026
Currency NZ$
External approvals required
before offer can proceed on an
unconditional basis?
N
Details of approvals required N/A
Section 2: Rights Issue or Accelerated Offer
(delete full section if not applicable, or mark rows as N/A if not applicable)*
2a: Rights Issue (i.e. non-accelerated)
Maximum number of Equity
Securities to be issued if offer is
fully subscribed
31,733,871 (post consolidation, subject to rounding)
ISIN of Rights (if applicable) NZNTLE0027S0
Oversubscription facility Y

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Details of scaling arrangements
for oversubscriptions
If demand for New Shares exceeds availability, applicants
participating in the Oversubscription Facility will be subject to
scaling on a pro rata basis (by reference to existing holdings on
the Record Date).
New Talisman reserves the right to place the shortfall in
accordance with the NZX Listing Rules.
Rights entitlement ratio (for
example 1 Right issued for 3
existing shares held)
The number of Rights to be issued per existing
share held.

Rights Issued 1 Existing Shares
Held
25
(pre
consolidation)
Rights exercise ratio
Please contact NZX ahead of announcing the
offer if each Right will be exercisable for more
or less than one Equity Security (i.e unless
prior arrangement is made, Rights will be
exercisable on a one for one basis)
1 Right will exercise to: 1 Ordinary Share
Number of Rights to be issued in
the Rights Issue
Approximately 31,733,871
Treatment of fractions** Rounded to the nearest whole number (with 0.5 rounded up).
Subscription price
The price payable per equity security upon
exercise of rights to subscribe for new shares
under the rights issue
NZ$ 0.123 (expressed on a post consolidation basis)
Letters of entitlement mailed Thursday, 19/11/2026
Offer open 2pm (NZDT) on Thursday, 19/11/2026
Offer close 5.00pm (NZDT) on Friday, 4/12/2026
Quotation date (if Rights or
entitlements will be quoted)
Market open on:
Thursday, 19/11/2026
Allotment date Market open on:
Wednesday, 9/12/2026
Section 5: Capital reconstruction
(delete full section if not applicable, or mark rows as N/A if not applicable)*
Nature of capital reconstruction
(Please mark with an X in
applicable box)
Financial Product
Split
Financial Product
Consolidation
X
Other Amalgamation
Ratio (for example 1 for 2) New 1 Existing 25
Treatment of fractions
**
Rounded to nearest whole number (with 0.5 rounded up).
Number of Financial Products to
be issued/ redeemed
N/A
Total number of Financial
Products of the Class after the
capital reconstruction (excluding
Treasury Stock)
31,733,871 (subject to rounding).
The consolidation is to occur in sequence after generation of the
rights also described in this notice but so that at the time of
opening of the rights issue the underlying shares on issue have
been consolidated.

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Total number of Financial
Products of the Class held as
Treasury Stock after the capital
reconstruction
N/A
Per Financial Product amount (if
cash reconstruction)
N/A
Payment date (if cash
reconstruction)
N/A
Allotment date Thursday, 19/11/2026
Section 8: Lead Manager and Underwriter (mandatory)
Lead Manager(s) appointed N/A
Name of Lead Manager(s) N/A
Fees, commission or other
consideration payable to Lead
Manager(s) for acting as lead
manager(s)
N/A
Underwritten N
Name of Underwriter(s) N/A
Extent of underwriting (i.e.
amount or proportion of the offer
that is underwritten)
N/A
Fees, commission or other
consideration payable to
Underwriter(s) for acting as
underwriter(s)
N/A
Summary of significant events
that could lead to the
underwriting being terminated
N/A
Section 9: Authority for this announcement (mandatory)
Name of person authorised to
make this announcement
Jane Bell
Contact person for this
announcement
Jane Bell
Contact phone number 021 764224
Contact email address Jane@newtalisman.co.nz
Date of release through MAP Thursday 12/11/2026