Talisker Increases Private Placement to up to $2.3 Million

TORONTO, Aug. 09, 2024 — Talisker Resources Ltd. (“ Talisker ” or the “ Company ”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce that further to its press release of July 29, 2024 in connection with a non-brokered private placement (the “ Offering ”) to raise up to $2 million in gross proceeds, the Company has received additional interest and is increasing the Offering to up to $2.3 million (the “ Upsized Offering ”).

The Upsized Offering will comprise of up to 5,750,000 units of the Company (each a “ Unit ”) at a price of $0.40 per Unit (the “ Issue Price ”) for gross proceeds of up to approximately $2.3 million. Each Unit will consist of one common share of the Company (each, a “ Common Share ”) and one-half of one common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.60 for a period of 24 months after the closing of the Upsized Offering.

The Upsized Offering is scheduled to close on or about August 12, 2024, and is subject to customary conditions, including the receipt of all necessary regulatory approvals (including the approval of the Toronto Stock Exchange).

In consideration for their services, the Company has agreed to pay certain finders a cash fee equal to 6.0% of the gross proceeds from the Upsized Offering and to issue the finders non-transferable warrants (“ Finder’s Warrants ”) equal to 6.0% of the aggregate number of Units issued under the Upsized Offering. Each Finder’s Warrant will be exercisable into a Common Share at a price of $0.46 per Common Share for a period of 24 months from the closing of the Upsized Offering.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 , as amended (the “ U.S. Securities Act ”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:

Terry Harbort
President and CEO
terry.harbort@taliskerresources.com
+1 416 357 0227 Matt Filgate
Vice President, Corporate Development
matt.filgate@taliskerresources.com
+1 778 679 3579

NT4