TALISMAN MINING LIMITED — Investor Presentation 2011

Mar 21, 2011

ASX Code: TLM

Australian Copper Conference March 2011

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Disclaimer

Competent Person’s Statement

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Located on the doorstep of Sandfire’s DeGrussa high grade copper discoveries Springfield has the same sequence of volcanic rocks which host the DeGrussa VMS system Visible chalcopyrite observed in drill core

working to efficiently unlock its potential

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Talisman Overview

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2011 – The Road Ahead

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$10M exploration budget for 2011 Drilling has recommenced at Springfield & is planned to continue throughout the year Acceleration of assessment of regional Bryah Basin Projects Cashed up and looking for additional quality growth opportunities

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Shares Unlisted Options Market Cap (Undiluted @ 79cents per share) Cash

130.4M 14.6 M $ 103 M $ 47 M

12.8%

Gary Lethridge (Managing Director) Peter Langworthy (Executive Director) Brian Dawes (Executive Director) Harry Cornelius (Chief Geologist) Dan Madden (Chief Financial Officer)

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Bryah Basin Region Exploration Portfolio

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Strategic regional footprint ~1520km² Targeting: Emerging VMS Camp in Bryah Basin Large Scale Ni, Cu, Au Deposits in Gascoyne Region

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Springfield Project – “The Opportunity”

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Springfield Project – “The Opportunity”

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Springfield Project – “The Opportunity”

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Springfield Project – “The Opportunity”

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Northern Projects – Shelby/Milgun

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Giant Province Scale Exploration Project - Targeting intrusive related IOCG and Ni-Cu-PGE Deposits “First Mover Opportunity” Regional Geophysical Surveys commencing March 2011

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Shelby Project

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Primary Exploration Target – Mafic / Ultramafic Intrusion Related Ni-Cu-PGE State Govt (EIS) Co-funding of initial Diamond Drilling commencing April 2011 Targeting Based on Detailed Magnetic and Gravity Data Modelling

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Bryah Basin Region Exploration - Summary

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Prospective region for VMS mineralisation – an emerging “Camp”? Targeting Large Scale Ni, Cu, Au Deposits in Gascoyne Region Aggressive, focused exploration program in place - planned $10m exploration budget Continuing to assess new regional opportunities

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Targeted exploration at Springfield Cu-Au Project Progress exploration at Shelby-Milgun-Halloween Projects Expansion of Talisman’s footprint in the Bryah Basin New growth opportunities Funding capacity Execution capability Focus on quality assets remains

ASX Code: TLM

Australian Copper Conference March 2011

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