TALISMAN MINING LIMITED — Capital/Financing Update 2007

Sep 3, 2007

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TALISMAN MINING LTD

PO Box 1834, Osborne Park WA 6916 Tel: 61 8 9445 8282 / Fax: 61 8 9445 9575 www.talismanmining.com.au

4 September 2007

The Manager Company Announcements Office Australian Stock Exchange

By Electronic Lodgement

NOTICE GIVEN UNDER SECTION 708A(5) OF THE CORPORATION ACT

Talisman Mining Ltd issued 11,989,280 ordinary fully paid shares at 14 cents per share and 3,996,404 quoted options, exercisable at 20 cents expiring 31 December 2010, for nil consideration as part of the Share Placement announced on 17 May 2007. In addition, 550,000 unlisted options exercisable at 25 cents expiring 31 December 2010, for nil consideration as part of an employee incentive arrangement were issued by Talisman Mining Ltd

The Company therefore gives notice under section 708A(5)(e) of the Corporations Act in relation to an issue of fully paid ordinary shares by the Company without disclosure to investors under Part 6D.2 of the Corporations Act.

As at the date of this notice, the Company has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) section 674 of the Corporations Act.

The Company confirms that, as at the date of this notice and pursuant to Section 708A(7) and (8), there is no information that:

• (a) has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules;

• and

• (b) investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

• (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

• (ii) the rights and liabilities attaching to fully paid ordinary shares.

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information in a disclosure document.

Yours faithfully TALISMAN MINING LTD

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Darren Crawte Company Secretary

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