TALISMAN MINING LIMITED — Capital/Financing Update 2015

Jul 16, 2015

17[th ] July 2015

COMPANY SNAPSHOT

ALLOTMENT OF PLACEMENT SHARES AND CLEANSING NOTICE

Board of Directors

Alan Senior Non-Executive Chairman

Gary Lethridge Managing Director

Brian Dawes Non-Executive Director

Karen Gadsby Non-Executive Director

Talisman Mining Ltd (ASX: TLM – “Talisman” or “Company”) is pleased to announce that it has issued today 17,021,277 Fully Paid Ordinary Shares ( Placement Shares ) at $0.47 per share pursuant to the placement to strategic, professional and sophisticated investors announced on 10 July 2015.

A completed Appendix 3B in respect of the Placement Shares has been lodged with this announcement.

The shares above are part of a class of securities quoted on ASX and may be subject to a subsequent offer for sale.

The Company therefore gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) that:

Contact Details

6 Centro Avenue Subiaco, Western Australia, 6008

Telephone: +61 8 9380 4230

Facsimile: + 61 8 9382 8200

Email: info@talismanmining.com.au

Website: www.talismanmining.com.au

• a) the Company issued the Placement Shares without disclosure to investors under Part 6D.2 of the Act;

• b) as at the date of this notice the Company has complied with

• i. the provisions of Chapter 2M of the Act as they apply to the Company; and

• ii. section 674 of the Act; and

• c) as at the date of this notice there is no “excluded information” as defined in Section 708A(7) and (8) of the Act in relation to the Company.

Capital Structure

Shares on Issue: 148,559,904 (TLM)

Options on Issue: 7,250,000 (Unlisted) ASX: TLM

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Daniel Madden Company Secretary & CFO Talisman Mining Ltd