New Talisman Gold Mines Limited announce that the Company has signed a Heads of Agreement with Terra Firma Mining Limited (TFM) for TFM to process Talisman ore and provide leasehold premises suitable for this purpose. The Heads of Agreement will be formalised by contract when the following conditions have been successfully met. NTL has conducted a successful Capital Raise; NTL has purchased a suitable processing plant; The processing site land is ready for plant installation. A long term Access Arrangement has been granted by DoC to the Talisman mine. This agreement delivers an important milestone in the realisation of NTL's Strategic Plan to bring
the Talisman mine into production. A reliable processing route for Talisman ore has been a long-standing issue for the Company. TFM's close involvement with Talisman from vein extraction through to the production of a refinable concentrate provides the most reliable and efficient processing option for NTL. With the finalisation of this HOA, and clarity on the site to be used for processing, NTL can now move forward to purchase a suitable processing plant from the options previously identified.