Talisker Renews Milling Agreement with Nicola Mining Inc. and Initiates Trucking of Mustang Run of Mine Material
Talisker Resources Ltd.
130 Adelaide Street West, Suite 3002
Toronto, Ontario M5H 3P5
TSK
TSKFF
TSX OTCQX
Talisker Renews Milling Agreement with Nicola Mining Inc. and
Initiates Trucking of Mustang Run of Mine Material
Toronto, Ontario, May 15, 2025 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX:
TSKFF) is pleased to announce that the Company, through its 100% owned subsidiary, Bralorne Gold Mines
Ltd., has renewed the milling agreement with Nicola Mining Inc. (“Nicola”) in connection with processing
run of mine material from the Mustang Mine at Nicola’s Craigmont Mill located in Merritt, British
Columbia (the “Craigmont Mill”).
In addition, on Sunday, May 11th, Talisker initiated the trucking of run of mine vein material extracted
from the 1060 and 1075 development levels. To date, a total of 640 tonnes of run of mine material has
been transported to the Craigmont Mill. A processing stockpile will be developed at the Craigmont Mill
over the next month to allow operational continuity. Milling is expected to proceed soon thereafter.
To date, a total of 286.6 metres of development has been completed at the Mustang Mine including waste
development on the 1090, 1085, 1100, 1105 and 1120 levels and development on mineralised vein
material on both east and west fronts on the 1060 and 1075 levels. The table below summarises the
current state of development.
Level Development Advance
1060 17.2 metres
1075 125.5 metres
1090 6.3 metres
1085 4.6 metres
1100 26 metres
1105 97.1 metres
1120 9.9 metres
Total 286.6 metres
Terry Harbort, Talisker’s President and CEO commented, “We are pleased to have reached this significant
milestone by trucking our first ore to the Craigmont Mill. Nicola has made significant operational upgrades
to the Craigmont Mill facility over the last year and we look forward to working with Peter Espig and his
professional team. Development at the Mustang Mine continues as planned with mining showing
excellent correlation of reality with modelled vein wireframes and block models.”
This agreement with Nicola replaces the ore purchase agreement with New Gold Inc. Talisker also reports
that it has finalized agreements for mining and ore hauling. Mining services are being undertaken at the
Mustang Mine by Thyssen Mining Construction of Canada, a well- established underground mining
contractor known for its proven track record of delivering high -quality, efficient mining services. Ore
hauling from the Mustang Mine to Nicola is being undertaken by Stromsten Enterprises in partnership
with Bridge River Management Corporation.
2
For further information, please contact:
Terry Harbort
President and CEO
+1 416 357 0227
Qualified Person
The technical information contained in this news release relating to the production results at the Bralorne
Gold Project has been approved by William Curry P. Eng (EGBC Membership 61002), Talisker’s General
Manager, Bralorne Gold Mines Ltd., who is a “qualified person” within the meaning of National Instrument
43-101, Standards of Disclosure for Mineral Projects.
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 Company 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 has a significant landholding in 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. 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 st atements are based on 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.