TALISMAN MINING LIMITED — Capital/Financing Update 2015

Jul 7, 2015

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MARKET RELEASE

8 July 2015

Talisman Mining Limited

TRADING HALT

The securities of Talisman Mining Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday 10 July, 2015 or when the announcement is released to the market.

Security Code: TLM

Jill Hewitt Senior Adviser, Listings Compliance (Perth)

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8[th ] July 2015

COMPANY SNAPSHOT

Board of Directors

Alan Senior Non-Executive Chairman

Mr B Secrett Australian Compliance Pty Ltd Level 40 Central park 152-158 St Georges Terrace Perth WA 6000

By email: tradinghaltsperth@asx.com.au

Gary Lethridge Managing Director

Brian Dawes Non-Executive Director

Karen Gadsby Non-Executive Director

Dear Ben,

REQUEST FOR TRADING HALT

Talisman Mining Limited (T alisman or the Company ) (ASX Code: TLM) requests a trading halt in its securities with immediate effect pending an announcement by the Company regarding a proposed equity capital raising.

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

For the purpose of ASX Listing Rule 17.1, and in support of its request, the Company advises that:

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• the trading halt is requested pending an announcement by the Company in relation to a proposed equity capital raising;

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• it requests that the trading halt remain in place until the earlier of the time it makes an announcement to the market about the results of the proposed equity capital raising and the commencement of normal trading on 10[th] July; and

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• it is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours Sincerely

Capital Structure

Shares on Issue: 131,538,627 (TLM)

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

ASX: TLM

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Daniel Madden Company Secretary TALISMAN MINING LIMITED