Talisman Mining Ltd. advised that Mr. Gary Lethridge has resigned as the company's Managing Director. The company's Chief Financial Officer, Mr. Dan Madden, has been appointed as acting CEO while the Board commences an executive search process. Mr. Madden, who has been with Talisman since 2009, has more than 15 years' experience in the resource sector, including as Financial Controller for Jubilee Mines and General Manager ­ Finance for Xstrata Nickel Australasia.

In light of Mr. Lethridge's departure, the Talisman Board has made the decision to appoint highly experienced corporate executive and former investment banker, Mr. Jeremy Kirkwood, to the board as non-executive Chairman. He replaces Mr. Alan Senior, who has agreed to step down as Chairman and will remain on the Board as a non-executive Director. Mr. Kirkwood will provide invaluable strategic input and guidance to the company's board and management team.

A highly respected corporate advisor, Mr. Kirkwood has been a principal with Pilot Advisory Group and was previously a Managing Director at Credit Suisse, Morgan Stanley and Austock. He has been a Director of companies in the not-for-profit sector and is currently Chair of Geelong Grammar School and Independent Schools Victoria.