Talisker Resources : Corporate Presentation, June 2024

TSX : TSK

OTCQX : TSKFF

High-Grade Gold Production

Corporate Presentation

June 2024

Forward-Looking Statements

Certain statements in this presentation constitute forward-looking information, which reflect the expectations of management Resources Ltd. ("Talisker" or the "Company"). These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker's current belief or assumptions as to the outcome and timing of such future events. Forward-looking statements in this presentation include, among others, statements regarding: the Company's resource base; the future financial or operating performance of the Company; the Company's exploration projects; the estimation of mineral resources; the realization of mineral resources; and capital, operating and exploration expenditures.

All forward-looking statements in this presentation are based on the opinions and estimates of management that, while considered reasonable as at the date of this presentation in light of management's experience and perception of current conditions and expected developments, are inherently subject to important risks and uncertainties, many of which are beyond Talisker's ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this presentation, Talisker's latest MD&A, its most recent Annual Information Form and the other publicly filings of Talisker, which are available electronically on SEDAR (www.sedar.com) under Talisker's issuer profile.

In addition to, and subject to, such assumptions discussed in more detail elsewhere, the forward-looking statements in this presentation are also subject to the assumptions that are stated or inherent in such forward-looking information, including: the significance of drill results and ongoing exploration activities; timing to obtain assay results from labs; ability of exploration activities (including drill results) to accurately predict mineralization; the predictability of geological modelling; the accuracy of the Company's records of its property interests; the global economic climate; metal prices; environmental risks; community and non- governmental actions; that permits required for the Company's operations will be obtained on a timely basis in order to permit the Company to proceed on schedule with its planned drilling programs; that skilled personnel and contractors will be available as the Company's operations continue to grow; that the price of gold will exceed levels that will render the Company's projects economical; the relevance of the assumptions, estimates and projections in technical reports; and that the Company will be able to continue raising the necessary capital to finance its operations and realize on its mineral resource estimates.

Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: (1) a downturn in general economic conditions in North America and internationally; (2) the inherent uncertainties and speculative nature associated with gold exploration; (3) a decreased demand for gold; (4) any number of events or causes which may delay exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth; (7) inability to obtain all necessary permitting and financing; and (8) other factors beyond the Company's control. These forward looking statements are made as of the date of this presentation and Talisker does not assume an obligation to update these forward looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

Additional information about Talisker and the forward-looking statements in this presentation and the assumptions, risks and uncertainties in respect of such forward-looking statements is available in Talisker's latest MD&A, its most recent Annual Information Form and the other publicly filings of Talisker, which are available electronically on SEDAR (www.sedar.com) under Talisker's issuer profile.

TSX : TSK OTCQX : TSKFF | TRANSITION TO PRODUCTION

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Key Points

Permitted

2 Fully permitted

resource stage

Strongly assets Capitalized

C$3M Cash

C$37M in

Royalty draw

facility

No Debt

Access &

Infrastructure

Highway access to

Vancouver and

Toll Milling

Facilities

Low Capex

Off-site processing

reduces timeline

and required

capital

Growing

Resource Base

1.7Moz at 6.4 g/t Au at the Bralorne Gold Project*

Strong

Leadership

Over 50Moz Discovered - Experienced Board and Advisors

Jurisdiction

All Canadian based

assets

GOLD PRODUCTION IMMINENT

• Refer to the Bralorne Inaugral Mineral Resource Estimate on slide 22 and the related End Notes, slides 17 and 18.

TSX : TSK OTCQX : TSKFF | TRANSITION TO PRODUCTION

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Located in the Heart of BC Mining

▪

▪

▪

Highway Access

Connected to Grid Power

Multiple Toll Milling Facilities

4

TSX : TSK OTCQX : TSKFF | TRANSITION TO PRODUCTION

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Funded to	Fully Permitted	Key Indigenous	Extensive High-
Production	for Mining	Agreements In	Grade Resource
		place	+ clear resource
			expansion

Rapid Pathway to High Margin Gold in 2024

Offsite	Limited	100koz/y	Self Funding
Processing =	Development to	production	Growth
Low capex	access ore =	target	Strategy
	rapid startup

TSX : TSK OTCQX : TSKFF | TRANSITION TO PRODUCTION

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Milestones and Upcoming Major Catalysts

2023					2024
Q1	Q2	Q3	Q4		Q1	Q2

165,000m of Drilling	✓ Engineering Studies
✓	Updated Mine Plan	✓ Results from Drill Program
Inaugural Resource	✓
Portal Construction	✓ Ore Sale Agreement
✓	January 2023

Development Funding	✓ Decline Construction	✓2nd Milling Agreement
Secured (US$31.25M)	✓ Resource Conversion Drilling	✓ Trucking of first ore
✓ June 2023		✓Production

On Track for Near Term Success

TSX : TSK OTCQX : TSKFF | TRANSITION TO PRODUCTION

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Peer Group | Select North American Gold Companies

Significant re-rate potential for Talisker on an EV / oz basis

Producers (EV / oz AuEq) (C$)

$502

					$413
															$239
																								$89			$82								$	52								$47								$43												Median: $82
																																																																					$17				$18
Wesdome Gold			Fortitude Gold				New Gold				Orla Mining			Victoria Gold			Elevation Gold		Ascot Resources			i-80 Gold			McEwen Mining				Talisker

Developers / Explorers (EV / oz AuEq) (C$)

$156

$78

										$67
										$39			$38			$34		$27																																										Median: $26
																																	$25	$23			$23
																																									$21																					$18
																																																		$	15					$	14					$14
Osisko			Skeena		Perpetua Radisson	Westhaven		Probe			Northern Osisko Dev. White Gold	Thesis Gold	O3 Mining		Integra	Wallbridge		Red Pine			Talisker
Mining																																				Superior

Sources: Company Documents, FactSet, S&P MI	7

Value Proposition	Growing Production Profile
	Pathway to 100koz/y production in 4 years

Large Exploration Upside**

5Moz+ upside based on historic drift assays and drilling + Strong pipeline of Greenfields Projects

Strong High-Grade Resource Base***

1.7Moz defined at Bralorne

Low Capex & Rapid Startup

Offsite processing, close to surface ore

Multiple Milling Agreements

Strongly Capitalized

Funded to Production

Analyst Coverage

Target Price****

$2.00

$2.00

Bottom Line

Bralorne: Sought after long life, high- grade, permitted Canadian asset in strong M&A market

• Refer to the most recent NI 43-101 technical report titled
  "Technical Report on the Ladner Gold Project, British Columbia" with an effective date of May 29, 2015
• Refer to "Historic Resource Estimate" in End Notes, slides 17 and 18
• Refer to the Bralorne Inaugural Mineral Resource Estimate on slide 22 and related End Notes, slides 17 and 18

****Target prices adjusted for 5:1 share consolidation completed Sept 1, 2023

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Share Structure and Capitalization

Strong Institutional Shareholders

Capital Structure (May 31st, 2024)
Common Shares Outstanding	89,198,377
Warrants1	11,504,733
Options + RSUs	1,463,335
Fully Diluted Shares Outstanding	102,166,445
Market Capitalization (Jun 6th)	~$45 million

(1) 5,679,600 of the outstanding warrants were issued in August 11, 2022, which

number reflects 28,398,000 outstanding warrants multiplied by 0.2 to effect the 5:1 consolidation of shares that took effect September 1, 2023

$0.80
$0.60
$0.40
$0.20
$0.00
2-Jan-24	2-Feb-24	2-Mar-24	2-Apr-24	2-May-24	2-Jun-24

Shareholder Breakdown

Strategic Shareholders

11.1%

4.0%

43.5%

41.4%

Retail	Institutional
Insiders	New Gold Inc.

Prices adjusted for 5:1 share consolidation completed Sept 1, 2023

TSX : TSK OTCQX : TSKFF | TRANSITION TO PRODUCTION

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Bralorne - BC's Iconic Gold Camp

• Over 40 years of production (1929-1971)- 4.2Moz @ 17.7g/t
• 2,300oz/vertical metre average
• Orogenic veins, structural continuity defined for 2.5 km along strike and 1.9 km depth
• Ore shoot continuity demonstrated for up to 1.5 km
• High-gradevein core surrounded by mineralized breccia halos, reduces dilution

GOLD PRODUCERS IN BRITISH COLUMBIA

60.00

Largest gold camp in Western Canada

	50.00							Eskay Creek
(Ounces)	40.00
	Zeballos
Grade	30.00
Gold				Snip
	20.00
										Bralorne
		Surf Inlet	Sheep Creek	Cariboo		Rossland
	10.00				Brucejack	Premier
		Ketza River
						Hedley
				Myra Falls Camp
	0.00			Greenwood	Mount Milligan		Kemess
			Afton-Ajax					TSX : TSK OTCQX : TSKFF | TRANSITION TO PRODUCTION	10
	-	500,000	1,000,000	1,500,000	2,000,000	2,500,000	3,000,000	3,500,000	4,000,000	4,500,000

Gold Production (Ounces)