CEO.CA Chairman's Briefing

TORONTO, May 13, 2024 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that the Company, through its 100% owned subsidiary Bralorne Gold Mines Ltd. (“Bralorne”), has signed an Ore Hauling Agreement (the “Ore Hauling Agreement”) with Stromsten Enterprises in partnership with Bridge River Management Corporation to transport material from its 100% owned Mustang Mine at the Bralorne Gold Project located in British Columbia. Under the Ore Hauling Agreement, gold ore will be trucked to either of the New Afton (owned by New Gold Inc.) or Craigmont (owned by Nicola Mining inc.) milling facilities to be processed in conjunction with the previously announced ore purchase and milling agreements (see press releases of March 12 and April 9, 2024). Talisker is initiating the Ore Hauling Agreement with the transportation of previously stockpiled material comprising approximately 6,300 tonnes to be processed at the Craigmont milling facility. The first shipment is expected to occur on May 15^th.

Terry Harbort, Talisker’s President, and CEO commented, “This Ore Hauling Agreement is a critical part of our operations and the partnership between Stromsten Enterprises and Bridge River Management Corporation, a wholly owned economic development corporation of the Bridge River Indian Band (Xwisten), provides for a direct participation of Bridge River Management in the Bralorne operations of Talisker. This Ore Hauling Agreement underscores Talisker’s commitment to building positive working relationships with Indigenous communities in the areas in which we work.”

Steve Hughes, CEO Bridge River Management LP commented, “By having Xwisten people drive the trucks for ore hauling, this initiative not only supports capacity building within the community but also creates a pathway for future opportunities and sustainable development. It’s encouraging to see partnerships like this that prioritize community involvement and empowerment.”

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About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Talisker’s current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker’s management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.

The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.