TALISMAN MINING LIMITED — Capital/Financing Update 2007

Nov 12, 2007

TALISMAN MINING LTD

PO Box 1262 Subiaco WA 6904 Tel: +61 8 9380 4230 / Fax: +61 8 9382 8200 www.talismanmining.com.au

13 November 2007

The Manager Company Announcements Office Australian Stock Exchange

By Electronic Lodgement

Dear Sir

RELEASE FROM ESCROW

We advise that the following securities are due to be released from escrow on 26th November 2007:

Security description	No.
Ordinary shares	12,959,638
Options	3,900,000

Application for quotation of the ordinary shares will be made today but holding certificates will not be dispatched until after the date of release from escrow. The options will remain as unlisted securities

Yours faithfully, Talisman Mining Limited

Darren Crawte Company Secretary

ABN 71 079 536 495