ersonal use only

Annual General Meeting 2021

Shaun Vokes, CEO

24 November 2021

F o c u s e d A u s t r a l i a n M i n e r a l R e s o u r c e s C o m p a n y

F o c u s e d A u s t r a l i a n M i n e r a l R e s o u r c e s C o m p a n y

Disclaimer

This presentation has been prepared by Talisman Mining Limited.

This document contains background information about Talisman Mining Ltd current at the date of this presentation. The presentation is in summary form, has not been independently

verified and does not purport be all inclusive or complete nor does it contain all the information that a prospective investor may require in evaluating a possible investment in Talisman Mining Ltd or its assets.

onlyto the purchase or sale of securities in any jurisdiction. This document is not a prospectus and does not contain all of the information which would be required to be disclosed in a prospectus. This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.

Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation

useThis presentation does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular

n eds and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should

eek their own professional, legal, tax, business and/or financial advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among

others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, Talisman Mining Ltd and its related bodies corporate, its

directors, officers, employees and representatives (including its agents and advisers), disclaim all liability and take no responsibility for any part of this presentation, or for any errors in or

omissions from this presentation arising out of negligence or otherwise and do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or

completeness of any information, statements, opinions, estimates, forecasts, conclusions or other representations contained in this presentation. This presentation may include forward- ersonallooking statements. These forward-looking statements are not historical facts but rather are based on Talisman Mining Ltd.'s current expectations, estimates and assumptions about the

industry in which Talisman Mining Ltd operates, and beliefs and assumptions regarding Talisman Mining Ltd.'s future performance. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", "potential" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Talisman Mining Ltd. Past performance is n t necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or ther forecast. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Talisman Mining Ltd does not undertake any obligation to update or revise any information or any of the forward looking

statements in this presentation or any changes in events, conditions or circumstances on which any such forward looking statement is based.

2

Talisman Profile - Highly leveraged to exploration success

Highly prospective gold and base metal exploration portfolio in favorable mining jurisdiction:

only

NSW Lachlan Copper-Gold Project

Significant land-holding - >4,000km2 of prospective tenure

Multiple regional gold & base metals targets

Copper - Noisy Ned, Blind Calf, Babinda

Gold - Carpina Ridge, Murrays, Cumbine, Plantation

Polymetallic - Kaolin Shaft

NSW Lucknow Gold Project

Historic high-grade(+100 g/t Au) gold mine 1

Prospective target position NW of historic Lucknow mine

Wonmunna Iron Ore Royalty income stream 2 :

use

Uncapped 1% gross revenue royalty

Iron ore production commenced March 2021

$3.2M in royalty receipts received to date

Strong balance sheet - cash ~$10.6M* and no debt

Changes to senior management revitalising exploration activities

Actively pursuing new Australian growth opportunities in gold & base metals

* As at 30 September 2021

ersonal

F o c u s e d A u s t r a l i a n M i n e r a l R e s o u r c e s C o m p a n y

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Corporate Overview

Experienced Management Team and Board

Capital Structure

Kerry Harmanis Shaun Vokes

onlyRuss Gregory Peter Benjamin Brian Dawes Jeremy Kirkwood

useersonal

  • Non-ExecChairman
  • Chief Executive Officer
  • Exploration Manager
  • Non-ExecDirector
  • Non-ExecDirector
  • Non-ExecDirector

Shares on Issue

187.7M

Unlisted Options (Exercise Prices: 14.1c - 31.0c)

7.2M

Market Capitalisation (Market Close 19 Nov 2021)

A$36M

Cash (30 Sep 2021)

A$11M

Debt

Nil

Enterprise Value

A$25M

Shareholding (31 Oct 2021)

Substantial Holders - Kerry Harmanis

~18%

Top 20 holders

~33%

Share Price Performance since Jul-20

F o c u s e d A u s t r a l i a n M i n e r a l R e s o u r c e s C o m p a n y

4

ersonal use only

NSW Lachlan Cu-Au Project

Extensive and highly prospective gold and base

metals tenure

F o c u s e d A u s t r a l i a n M i n e r a l R e s o u r c e s C o m p a n y

5

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Talisman Mining Limited published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 23:49:04 UTC.