TALISMAN MINING LIMITED — Director's Dealing 2007

Dec 19, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity TALISMAN MINING LIMITED ABN 71 079 536 495

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael Bunyard
Date of last notice	31 July 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Change in indirect interests.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Stephanie Bunyard – wife of Michael Bunyard
Date of change	18 December 2007.
No. of securities held prior to change	Indirect : 50,000 25c unlisted 31/12/2010 options
Class	Ordinary fully paid shares 25c unlisted 31/12/2010 options
Number acquired	22,000 Ordinary fully paid shares.
Number disposed	22,000 Ordinary fully paid shares.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	25c per share to exercise 22,000 options. $1.15 per share on disposal of 22,000 ordinaryfully paid shares.
No. of securities held after change	Indirect : 28,00025c unlisted31/12/2010options

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	The acquisition of 22,000 ordinary fully paid shares was pursuant to the exercise of options. The disposal of 22,000 ordinary fully paid shareswas an on-market trade.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002