TALISMAN MINING LIMITED — Director's Dealing 2008

May 21, 2008

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	Alan Senior
Date of last notice	8 November 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 direct interest. Unlisted options held jointly with Mrs Susanne Senior – wife of Alan Senior
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	21 May 2008.
No. of securities held prior to change	Direct : Nil. Indirect : Nil.
Class	$1.00 30/11/2010 unlisted options $1.20 30/11/2010 unlisted options $1.60 30/11/2010 unlisted options $2.20 30/11/2010 unlisted options
Number acquired	1,000,000 $1.00 30/11/2010 unlisted options. 1,000,000 $1.20 30/11/2010 unlisted options. 1,000,000 $1.60 30/11/2010 unlisted options. 1,000,000 $2.20 30/11/2010 unlisted options.
Number disposed	Nil.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil.
No. of securities held after change	Direct : 1,000,000 $1.00 30/11/2010 unlisted options. 1,000,000 $1.20 30/11/2010 unlisted options. 1,000,000 $1.60 30/11/2010 unlisted options. 1,000,000 $2.20 30/11/2010 unlisted options. Indirect : Nil.
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 4,000,000 unlisted options were issued pursuant to shareholder approval at the general meeting held 19 May 2008.

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

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 John Bunyard
Date of last notice	20 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 direct.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mrs Stephanie Bunyard – wife of Michael Bunyard.
Date of change	21 May 2008.
No. of securities held prior to change	Direct : Nil. Indirect : 28,000 25c 31/12/2010 unlisted options.
Class	$1.00 30/11/2010 unlisted options $1.20 30/11/2010 unlisted options $1.60 30/11/2010 unlisted options $2.20 30/11/2010 unlisted options
Number acquired	500,000 $1.00 30/11/2010 unlisted options. 500,000 $1.20 30/11/2010 unlisted options. 500,000 $1.60 30/11/2010 unlisted options. 500,000 $2.20 30/11/2010 unlisted options.
Number disposed	Nil.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil.
No. of securities held after change	Direct : 500,000 $1.00 30/11/2010 unlisted options. 500,000 $1.20 30/11/2010 unlisted options. 500,000 $1.60 30/11/2010 unlisted options. 500,000 $2.20 30/11/2010 unlisted options. Indirect : 28,000 25c 31/12/2010 unlisted options.
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 2,000,000 unlisted options were issued pursuant to shareholder approval at the general meeting held 19 May 2008.

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

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	Karen Gadsby
Date of last notice	3 April 2008

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 direct.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	21 May 2008.
No. of securities held prior to change	Direct : Nil. Indirect : Nil.
Class	$1.00 31/05/2011 unlisted options $1.20 31/05/2011 unlisted options $1.60 31/05/2011 unlisted options $2.20 31/05/2011 unlisted options
Number acquired	500,000 $1.00 31/05/2011 unlisted options. 500,000 $1.20 31/05/2011 unlisted options. 500,000 $1.60 31/05/2011 unlisted options. 500,000 $2.20 31/05/2011 unlisted options.
Number disposed	Nil.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil.
No. of securities held after change	Direct : 500,000 $1.00 31/05/2011 unlisted options. 500,000 $1.20 31/05/2011 unlisted options. 500,000 $1.60 31/05/2011 unlisted options. 500,000 $2.20 31/05/2011 unlisted options. Indirect : Nil.
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 2,000,000 unlisted options were issued pursuant to shareholder approval at the general meeting held 19 May 2008.

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