New Talisman Gold Mines Ltd. is currently in discussions with a number of quality Board candidates whose skill base will satisfy the Company's Audit Committee requirements and further broaden the Boards skillset. The Company hopes to be in a position to announce appointments in the near term. The company also that Mr. Murray Stevens remains available to the company as a technical adviser on a consulting basis.

As part of the review of its management structure, the Company announced the appointment of Mr. Victor Rabone to an interim position of Operations Manager, reporting directly to the Chair. Mr. Rabone is currently a non-independent Director of New Talisman and will contract to the Company to provide this service. Mr. Rabone's tasks will cover the day to day operations of the Talisman Mine and, once the acquisition completes, also of Broken Hills Mine.

The establishment of this role allows the Company to concentrate on its core business without the distractions that appear to have plagued the Company previously. This position will be reviewed in 3 months time as the Company moves forward with its concentration on core business.