TALISMAN MINING LIMITED — Capital/Financing Update 2008

Jan 10, 2008

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TALISMAN MINING LTD

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

10 January 2008

The Manager Company Announcements Office Australian Stock Exchange

By Electronic Lodgement

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

On 10 January 2008 Talisman Mining Ltd issued 9,000,000 ordinary fully paid shares for consideration of $1.00 per share as part of the Private Placement announced on 14 December 2007.

The Company therefore gives notice under section 708A(5)(e) of the Corporations Act in relation to an issue of securities 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

Darren Crawte Company Secretary

ABN 71 079 536 495