Talisker Provides Update on the Second Draw on the US$31,250,000 Financing with Sprott Streaming and Royalty for the Bralorne Gold Project
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQX
Talisker Provides Update on the Second Draw on the
US$31,250,000 Financing with Sprott Streaming and Royalty
for the Bralorne Gold Project
Toronto, Ontario, June 3, 2024 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX:
TSKFF) is pleased to provide an update that, pursuant to the previously announced royalty agreement (the
“Agreement”) with Sprott Resource Streaming and Royalty Corp. (“Sprott”) in relation to the Company’s
100% owned Bralorne Gold Project , Sprott has approved the second draw of US$11,750,000, subject to
conclusion of amended documentation and satisfaction of closing conditions. Full details on the
Agreement are included in the Company’s press release of June 12, 2023. In connection with the second
draw, the Company and Sprott are negotiating an amendment o n the timing of the production target of
38,000 ounces of gold.
Terry Harbort, CEO of Talisker stated, “ We are pleased to have finalized the deliverables for the second
draw and anticipate closing to occur in June post finalization of amendments to the Agreement.”
For further information, please contact:
Terry Harbort
President and CEO
+1 416 361 2808
Matt Filgate
Vice President, Corporate Development
+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 Bri dge 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. Vari ous
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.
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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.