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Talisker Announces Completion of the Portal and Initiation of Decline Construction at the Mustang Mine, Bralorne Gold Project

Mine Development & Operations

Talisker Resources Ltd.

130 Adelaide Street West, Suite 3002

Toronto, Ontario M5H 3P5

TSK

TSKFF

TSX OTCQX

Talisker Announces Completion of the Portal and Initiation of Decline

Construction at the Mustang Mine, Bralorne Gold Project

Toronto, Ontario, December 4, 2023 – Talisker Resources Ltd. (“ Talisker” or the “ Company”) (TSX: TSK,

OTCQX: TSKFF) is pleased to announce completion of construction of the Mustang Mine portal its 100%

owned Bralorne Gold Project. Work has now commenced o n the construction of the Mustang Mine

decline to equal dimensions of 4 by 4 metres over a distance of 400 metres. The completion of the decline

will allow for simultaneous access to planned stopes on the 3700, 3800 and 3900 levels. Decline

construction is expected reach the 3900 level by the end of 2023 and to be completed by mid -February,

2024.

Terry Harbort, Talisker’s President and CEO commented , “The completion of the portal construction at

Mustang marks Talisker’s first milestone towards production at the Bralorne Gold Project. With our recent

excellent drill results and the advance to decline construction we are confident of meeting our further

milestones towards commencing production.”

For further information, please contact:

Terry Harbort

President and CEO

[email protected]

+1 416 357 0227

Matt Filgate

Vice President, Corporate Development

[email protected]

+1 778 679 3579

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 C ompany 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 Gol d 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. In

particular, this press release contains forward -looking information relating to, among other things, the

timing of construction . 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

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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 impl ied 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, o perational 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 sh areholder 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.