TALISMAN MINING LIMITED — Capital/Financing Update 2011

Mar 13, 2011

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Talisman Mining – Drilling Recommences at Springfield Project
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Media / ASX Release 14 March 2011

RECOMMENCEMENT OF DRILLING AT SPRINGFIELD PROJECT

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Talisman Mining Ltd (ASX: TLM ) is pleased to advise that drilling and field exploration activities at its 100%-owned Springfield Copper-Gold Project, located in the upper Gascoyne / Murchison region of Western Australia, have recommenced following the temporary suspension of field activity on 21 February 2011 due to adverse weather conditions and regional flooding.

The recommenced diamond drilling is initially focused at the high priority Homer Prospect, located immediately along strike from Sandfire Resources’ DeGrussa high grade deposits.

An RC drill rig is currently scheduled to commence reconnaissance and targeted drilling at Springfield on or around 20 March 2011 with an initial focus at the Monty Prospect .

Additionally, other field exploration activities due to commence shortly at Springfield include a detailed gravity survey and a surface EM survey across the Northern and Central Corridors.

Field exploration and diamond drilling activities are scheduled to continue at the Springfield project throughout the calendar year in what is intended to be the largest exploration initiative in the Company’s history.

Competent Persons’ Statement

Information in this ASX release that relates to Exploration Results is based on information compiled by Mr Harry Cornelius, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Harry Cornelius 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 Harry Cornelius consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

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For further information, please contact: Gary Lethridge – Managing Director or Peter Langworthy – Technical Director on +61 8 9380 4230	For media inquiries, please contact:
	Nicholas Read – Read Corporate on +61 419 929 046