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Disclaimer

This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of Talisman Mining Ltd ( Talisman Mining or the Company ) and consult their own legal, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by Talisman Mining Ltd, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Talisman Mining Ltd, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of Talisman Mining Ltd , but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Talisman Mining Ltd’s actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Talisman Mining Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated.

Competent Person’s Statement

Information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Graeme Cameron, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Cameron is a full time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Graeme Cameron consents to the inclusion in this presentation of the matters based on information in the form and context in which it appears.

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Well-funded and focused Bryah Basin explorer:

$28M cash plus liquid investments* strong internal capability systematic and scientific approach Strategic focus on high-value, high-grade VMS copper-gold discoveries Offering greatest value leverage for exploration success

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* As at 30 June 2012

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Three highly prospective Projects located within emerging Bryah Basin VMS Province: Springfield (100%) Halloween (100%) Halloween West JV (Earning 60%) Sustained drilling programs to continue throughout 2012

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Capital Structure
Shares	131.5M
Unlisted Options	14.8M
Market Capitalisation	$40M _Undiluted @ 30cps_
Cash(at 30 June 2012)	$28M
Listed Investments
Rico Resources	35.5m Shares_(~$5.5M @ $0.15)_

Management
Gary Lethridge–Managing	Director
Graeme Cameron – Technical Director
Dan Madden –Chief Financial Officer
Peter Cash–Manager Corporate Development

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Springfield:

Ongoing drilling focused at Homer, Monty and Central Corridor

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New VMS potential identified at Abraham – RC drilling to start soon

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Halloween:

VMS mineralising system confirmed by recent diamond drilling

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High-grade gold, silver and copper drill results

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Elevated pathfinder elements present indicating similar geochemical signature to DeGrussa deposit

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Halloween West

New JV project – exploration underway

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Utilising cutting-edge targeting technology

Structural understanding critical to discovery success Patience and focus required Targeting methodology focused on identifying essential elements to VMS deposit formation:

SOURCE (Metals and Heat) PATHWAY/FOCUS (Major Crustal Structures) HOST (Ancient Sea Floor) TRAP (Metal Deposition)

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Note – Animated Sequence

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Drilling confirms validity of Talisman’s 3D lithostructural geological model Multiple anomalous copper & gold intersections returned from recent drilling Initial 73-hole/11,000m targeted RC/Diamond drilling program expanded to 100 holes/15,000m:

Systematically testing along favourable VMS horizons at Monty, Homer and Central Corridor Multiple new prospective volcanic horizons identified at Abraham:

Large copper-gold soil anomaly identified Reconnaissance RC drilling to commence soon Focused exploration activities to be maintained throughout 2012

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Note – Animated Sequence

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First pass exploration activities deliver immediate success Maiden RC & Diamond drill programs confirm a VMS CopperGold mineralising environment at Halloween:

Feb 2012 – Reconnaissance RC drilling intersected significant Au mineralisation along 3 out of 4 traverses across interpreted VMS horizon

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May 2012 – Deeper diamond drilling along best gold traverse and an isolated FLEM conductor intersects significant Au, Cu & Ag mineralisation

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Pathfinder elements in copper mineralised intervals consistent with geochemical signature of Sandfire Resources’ DeGrussa deposit located 11.5km away

Follow-up infill RC drilling now underway to better define the extent of the mineralised trend for follow up deeper diamond drilling later in 2012

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Maiden RC drilling program returned highly promising gold intercepts including:

HRC002 - 10m @ 3.56g/t Au from 84m

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HRC006 - 6m @ 1.52g/t Au from 18m HRC001 - 28m @ 0.53g/t Au from 70m

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Follow up diamond drilling program returned high-grade gold, copper and silver results in two out of three holes:

HWD004 – 4m @ 5.34 g/t Au and 3.12g/t Ag

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HWD004 – 1m @ 2.04 g/t Au HWD002 – 0.15m @ 2.62% Cu, 5.52g/t Ag and 0.28 g/t Au

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Farm-in JV Agreement to earn 60% interest signed in May 2012 Located adjacent to Halloween Hosts continuation of interpreted Halloween VMS horizon Immediate exploration activities focused on target generation: Soil sampling completed – copper and gold anomalies identified Geological mapping commenced FLEM commenced Drilling to commence later in 2012

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Focused on discovering high-grade, high-value VMS coppergold deposits VMS opportunities identified both sides of DeGrussa Sophisticated regional geological model developed Exploration approach must be patient & focused Sustained drilling to continue throughout 2012 Actively seeking additional growth opportunities Cashed up, committed and focused

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AI assistant

TALISMAN MINING LIMITED Investor Presentation 2012

65926_rns_2012-08-02_1bb3bbc5-0c9a-4387-82dc-238484d98c22.pdf

Disclaimer

Competent Person’s Statement

Well-funded and focused Bryah Basin explorer:

Springfield:

Halloween:

Halloween West

AI assistant

TALISMAN MINING LIMITED — Investor Presentation 2012

65926_rns_2012-08-02_1bb3bbc5-0c9a-4387-82dc-238484d98c22.pdf

Disclaimer

Competent Person’s Statement

Well-funded and focused Bryah Basin explorer:

Springfield:

Halloween:

Halloween West

More from TALISMAN MINING LIMITED

TALISMAN MINING LIMITED Investor Presentation 2012