Talisker Resources Ltd. (TSX: TSK) is pleased to announce that it has closed the final tranche of its previously announced “bought deal” private placement. Pursuant to the Final Tranche, the Company sold 3,150,000 common shares of the Company at a price of C$1.50 per Offered Share for gross proceeds of C$4,725,000. In aggregate under the Offering, the Company sold 15,333,334 Offered Shares at the Offering Price for gross proceeds of C$23,000,001, which includes the full exercise of the over-allotment option. Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that included Canaccord Genuity Corp. and FMI Securities Inc. in connection with the Offering.

The Company intends to use the net proceeds from the Offering for the continued advancement of the Company’s flagship Bralorne Gold Project in British Columbia, as well as for general corporate purposes and working capital.

The Offered Shares were offered: (a) by way of private placement in all of the provinces of Canada (except Québec) pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933; and (c) in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The Offered Shares issued to purchasers in Canada in connection with the first tranche of the Offering are subject to a four-month hold period ending on February 25, 2026 pursuant to applicable Canadian securities laws. The Offered Shares issued to purchasers outside of Canada, including the Offered Shares issued in connection with the Final Tranche, were issued pursuant to an exemption from the prospectus requirement available under section 2.3 of OSC Rule 72-503 and, accordingly, such Offered Shares are not subject to a four-month hold period under applicable Canadian securities laws.

As consideration for their services in the Final Tranche, the Underwriters received aggregate cash fees of C$283,500 and 189,000 non-transferable common share purchase warrants. Each Broker Warrant entitles the holder thereof to purchase one common share of the Company at a price of C$1.68 at any time on or before November 6, 2027.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:

Lindsay Dunlop
Vice President, Investor Relations
lindsay.dunlop@taliskerresources.com
+1 647 274 8975

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 producing 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.