Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) is pleased to announce complete and partial drill assay results from its ongoing Stage One 50,000m drill program at the Bralorne Gold Project in British Columbia (Figure 1).  Results have been received from the King Block (hole SB-2020-29), the Bralorne West Block (including Charlotte Zone; SB-2020-028, SB-02020-030, and SB-2021-002 and SB-02021-003) and the Bralorne East Block (SB-2021-001). All results included in this press release intersected mineralisation within 350m from surface.

Key Points:

• Hole SB-2020-29, Talisker’s first hole in the King Block, intersected 5.09g/t over 8m of near-surface gold mineralization previously intersected at the Charlotte Zone one kilometre to the southeast.
• Hole SB-2021-001, drilled in the Bralorne East Block, intersected near-surface high-grade gold mineralization over 600m to the southeast of the Charlotte Zone.
• These two stepout holes have extended near-surface gold mineralisation by ~1,600m, taking the total strike length of near-surface gold mineralization at the Bralorne Gold Project to ~2km. Near-surface gold mineralization remains open in both directions.
• Holes SB-2020-028, SB-02020-030, and SB-2021-002 and SB-02021-003 continue to intercept broad areas of gold mineralisation surrounding high-grade veins at the Charlotte Zone.
• Talisker has completed 13,400 metres of its active 50,000 metre resource drill program. Currently 3,791 samples are in the laboratory awaiting analysis.

Today’s results comprise assays from the recently discovered near-surface (from surface to 350m depth) bulk-tonnage Charlotte Zone located in the Bralorne West Block, newly-discovered near-surface gold mineralization at the King Block situated one kilometre to the northwest and a high-grade intercept of near-surface gold mineralization located in the Bralorne East Block approximately 600m to the southeast of the Charlotte Zone (Figure 2 and 3). These results extend near surface gold mineralisation from the Charlotte zone for a total of 1,600m to give a cumulative strike length of 2km. Today’s release also comprises the first batch of assay results from drill holes completed in 2021.

“Following on from our confirmation of previously unrecognised, close to surface bulk-tonnage mineralisation at the Charlotte Zone, these holes significantly increase our view of the potential near-surface bulk tonnage gold mineralization within 350m from surface”, stated Terry Harbort, President and CEO of Talisker, who added, “Now with 2 km of strike length identified and open in both directions we are beginning to see significant upside as we explore for this new style of mineralisation along the 30 kilometre long Cadwallader Break that hosts Bralorne.”

King Block

Of the 4.2 million ounces mined at the Bralorne, Pioneer and King mines, approximately 250,000 ounces of gold were recovered from the King mine, located one kilometre to the northwest of the historic Bralorne Mine. Hole SB-2020-029 represents the first hole targeting high-grade veins at King and extends known near-surface (i.e. < 350m depth) gold mineralisation by 1,000 metres to the northwest.

Highlights from the King Block include:

• SB-2020-029
  • 37.40 g/t gold over 0.50m within 5.09 g/t gold over 8.40m from 321.80m to 330.20m

Bralorne East Block

Hole SB-2021-001 is the first hole drilled to the east of the Empire fault designed to target near-surface gold mineralisation within the Bralorne East Block. Partial results received to date have extended the occurrence of near-surface gold mineralisation (~350m from surface), originally discovered at the Charlotte Zone, by ~600 metres to the southeast. More drilling is required to determine the continuity of gold mineralization within this 600m area and will be tested in the coming weeks.

Highlights from the Bralorne East Block include:

• SB-2021-001
  • 82.00 g/t gold over 0.50m from 171.40m to 171.90m

Charlotte Zone (Bralorne West Block)

Discovered by Talisker last year the Charlotte Zone is comprised of a series stacked, parallel structures that outcrop at surface. To date, gold mineralization has been defined by drilling over a 600m by 270m area to a depth of ~350m volume and includes broad intervals of lower-grade gold mineralization surrounding high-grade veins.

Highlights from the Charlotte Zone include:

• SB-2020-028
  • 13.55 g/t gold over 0.50m from 302.20m to 302.70m
• SB-2021-003
  • 0.80 g/t gold over 21.00m from 151.00m to 172.00
• SB-2021-002
  • 0.71 g/t gold over 10.40m from 51.50m to 61.90m
• SB-2020-030
  • 0.56 g/t gold over 15.60m from 271.00m to 286.60m

Drill Hole Data

SB-2020-028 (Complete Preliminary Results)

• Bralorne West Block
• The Charlotte Zone produced 4.49 g/t Au over 1.10m from 215.75m depth, including 7.88 g/t over 0.60m.
• The 101 Vein produced 9.08 g/t Au over 1.00m from 302.20m, including 13.55 g/t Au over 0.50m from 302.20m. This intercept is approximately 160m along strike away from the SB-2020-024 intercept on the 101 Vein of 5.83 g/t Au over 2.65m from 410.90m.
• This hole drilled to a final depth of 406.1m on December 13, 2020

SB-2020-029 (Partial Preliminary Results – Further Assay Results Pending)

• King Block
• This was Talisker’s first hole drilled proximal to the historic King Mine.
• The C Vein was intersected at 322.30m and produced an intercept of 8.42 g/t Au over 5.00m, including high values of 37.4 g/t Au over 0.50m from 323.10m, and 31.60 g/t Au over 0.50m from 326.80m depth.
• SB-2020-029 was drilled to a final depth of 1,217.40m on February 18, 2020.

SB-2020-030 (Complete Preliminary Results)

• Bralorne West Block
• The Knight Zone produced 0.46 g/t over 9.70m from 80.00m depth, including 1.30 g/t over 2.50m from 82.50m.
• An Unknown Zone produced 0.56 g/t Au over 15.60m from 271.00m.
• This hole drilled to a final depth of 790.60m on December 14, 2020.

SB-2021-001 (Partial Preliminary Results – Further Assay Results Pending)

• Bralorne East Block
• An Unknown Vein produced 7.24 g/t Au over 1.00m from 102.40m depth.
• Another Unknown Vein produced 82.00 g/t Au over 0.50m from 171.40m depth.
• This hole drilled to a final depth of 1,178.40m on February 3, 2021.

SB-2021-002 (Partial Preliminary Results – Further Assay Results Pending)

• Bralorne West Block
• The Charlotte HW (Hanging Wall) was intersected at 51.50m and produced 0.71 g/t Au over 10.40m.
• This hole drilled to a total depth of 385.40m on January 19, 2021.

SB-2020-003 (Complete Preliminary Results)

• Bralorne West Block
• The Knight Zone was intercepted at 151.00m depth and produced 0.80 g/t Au over 21.00m, including 2.56 g/t Au over 3.00m from 157.60m.
• This hole drilled to a final depth of 200.60m on January 20, 2021. This hole was determined to be off-course for its final target and was re-started as SB-2020-003A.

About Talisker Resources Ltd.

Talisker is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker’s projects include the Bralorne Gold Complex, an advanced stage project with significant exploration potential from a historical high-grade producing gold mine as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt and several other early-stage Greenfields projects. With its properties comprising 282,403 hectares over 258 claims, three leases and 198 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.

Qualified Person

The technical information contained in this news release relating to the drill results at the Bralorne Gold Project has been approved by Leonardo de Souza (BSc, AusIMM (CP) Membership 224827), Talisker’s Vice President, Exploration and Resource Development, who is a “qualified person” within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Figure 1: Map showing 7 zones that comprise the Bralorne Project, the Charlotte Zone, major gold-bearing quartz veins (white) and associated bounding structures, surface infrastructure and details of Talisker’s current 50,000 metre resource drilling program. (CNW Group/Talisker Resources Ltd)

Figure 2: 3D long-sections through the Bralorne deposit (refer to figure 1 for reference) showing the relative target depths for both the near-surface bulk tonnage gold mineralization at the Charlotte Zone and the high-grade veins below the Charlotte Zone. (CNW Group/Talisker Resources Ltd)

Figure 3: Long-section through the Bralorne deposit (refer to figure 1 for reference) showing the relative target depths for both the near-surface bulk tonnage gold mineralization at the Charlotte Zone and the high-grade veins below the Charlotte Zone, drilling completed by Talisker with drill intercepts (in red) and highlight intersections. (CNW Group/Talisker Resources Ltd)

Figure 4a: Maps showing highlight drill intersections from Bralorne East, Bralorne West and King (see Figure 1 for reference); a) Hole SB-2021-001 drilled within Bralorne East; b) Hole SB-2020-029 drilled within King; and c) Holes SB-2020-28, SB-2020-030, SB-2021-002 and SB-2021-003 drilled within Bralorne West. (CNW Group/Talisker Resources Ltd)

Figure 4b: Maps showing highlight drill intersections from Bralorne East, Bralorne West and King (see Figure 1 for reference); a) Hole SB-2021-001 drilled within Bralorne East; b) Hole SB-2020-029 drilled within King; and c) Holes SB-2020-28, SB-2020-030, SB-2021-002 and SB-2021-003 drilled within Bralorne West. (CNW Group/Talisker Resources Ltd)

Figure 4c: Maps showing highlight drill intersections from Bralorne East, Bralorne West and King (see Figure 1 for reference); a) Hole SB-2021-001 drilled within Bralorne East; b) Hole SB-2020-029 drilled within King; and c) Holes SB-2020-28, SB-2020-030, SB-2021-002 and SB-2021-003 drilled within Bralorne West. (CNW Group/Talisker Resources Ltd)