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	Steven Elliott
Date of last notice	19 December 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.	Arcaro Holdings Pty Ltd of which Mr Elliott is a sole Director and shareholder.
Date of change	On or about 19 December 2007.
No. of securities held prior to change	Direct : 5,310,001 Ordinary fully paid shares 136,667 20c quoted 31/12/2010 options Indirect : 1,990,001 Ordinary fully paid shares 1,530,001 20cquoted31/12/2010options
Class	Ordinary fully paid shares
Number acquired
Number disposed	200,000 ordinary fully paid shares.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	67c per ordinary fully paid shares.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct : 5,310,001 Ordinary fully paid shares 136,667 20c quoted 31/12/2010 options Indirect : 1,790,001 Ordinary fully paid shares 1,530,001 20c quoted 31/12/2010 options Nature of change The disposal of 200,000 ordinary fully paid

Example: on-market trade, off-market trade, exercise of options, issue of shares was an off-market trade. securities under dividend reinvestment plan, participation in buy-back

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.

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002