TALISMAN MINING LIMITED — AGM Information 2013

Nov 24, 2013

Annual General Meeting 25[th] November 2013

Annual General Meeting 2013 Exploration Update

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Disclaimer

This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of Talisman Mining Ltd ( Talisman Mining or the Company ) and consult their own legal, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by Talisman Mining Ltd, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Talisman Mining Ltd, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of Talisman Mining Ltd , but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Talisman Mining Ltd’s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Talisman Mining Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated.

Competent Person’s Statement

Information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Graeme Cameron, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Cameron is a full time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Graeme Cameron consents to the inclusion in this presentation of the matters based on information in the form and context in which it appears.

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Commenced in late 2012 and continued throughout the first half of 2013 Purpose:

To assess the validity of our exploration strategy

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Independently confirmed To assess the prospectivity of our existing projects

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Independently confirmed To assess wider regional copper prospectivity Independently confirmed

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Additional Outcomes:

Characterised DeGrussa deposit style Potential for additional copper deposit styles identified Deposit models developed Detailed exploration toolkits established Regional targeting exercise undertaken – targets identified This process is active and ongoing

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Annual General Meeting 2013 Springfield Project in Review

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Along strike from DeGrussa Hosts extension of the DeGrussa Mine Corridor Sandfire actively exploring along DeGrussa Mine Corridor Widespread anomalous Cu intersections returned from drilling Improved understanding of the complex geological setting critical Ultra-detailed gravity survey recently completed Data processing and structural reinterpretation of key target horizons underway

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Prospective for structurally controlled copper deposits Amenability of target areas for soil geochemical sampling assessed Sampled amenable area Lovejoy Prospect:

Located in prospective geological position

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Hosts large MLEM anomaly Previous deep drilling did not explain anomaly Not amenable to soils

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AC drilling completed to assess geochemical signature – results & assessment pending

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Multi-pronged strategy targeting VHMS and structurally controlled copper-gold deposits New areas of interest identified at the Kink and Wedge Exploration Activities Geological Mapping Soil sampling VTEM & Fixed loop EM RC and AC drilling Widespread Cu anomalism Potential of Southern Volcanics confirmed

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Annual General Meeting 2013 Halloween Projects in Review

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Prospective for copper and gold mineralisation Deep diamond RC holes drilled to test the down-plunge extents of the defined copper-gold mineralisation Best gold and copper intersections HRC002 - 9m @ 3.8g/t Au including 1m @ 14.0g/t Au HRC024 6m @ 2.67g/t Au including 4m @ 3.68g/t Au HWD002 0.15m @ 2.62 % Cu, 5.52 g/t Ag, 0.31 g/t Au

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Hosts the western extension of the Halloween Horizon Detailed soil sampling program completed to test: the western extension of the prospective Halloween target horizon; and prospective horizon (with malachite) in the north-east of the project Geological mapping over the target horizon: To identify and better define possible geological controls on mineralization.

Annual General Meeting 2013 Livingstone Project in Review

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Potential gold opportunities: Prospective geological setting with ~ 31km strike length Widespread high-grade historic gold intercepts Potential for intrusive magmatic nickel-copper-PGE mineralisation:

Two large ovoid magnetic bodies interpreted to be mafic-ultramafic intrusions at Kerba & Homestead Coherent Ni-Cu-PGE soil anomaly defined over 1.8km at Kerba.

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Systematic approach to confirm potential for Ni-Cu-PGE Review of historical Ni exploration – 1971 Detailed soil sampling complete FLEM survey undertaken First pass RC drilling to test: The presence of nickel sulphide mineralization; and To establish a platform for deeper down-hole electromagnetic (DHEM) surveying. Awaiting assessment and interpretation of results

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Strong financial position provides capacity to continue exploration Results of recent exploration activities will determine exploration strategy for the beginning of 2014

Homer

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Kerba

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Jenkin Fault Zone Halloween Ongoing assessment of: Other Springfield prospects Other Talisman Bryah Basin Projects Business Development Countercyclical opportunity Add value via acquisition of regional and Australian copper projects Actively assessing opportunities

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Annual General Meeting 25[th] November 2013