Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) is pleased to announce high grade results from drill hole SB-2021-023 highlighted by 24.52 g/t Au over 1.0 metre within 7.51 g/t Au over 4.60 metres at its 100% owned flagship Bralorne Gold Project.

Talisker is concurrently drilling a high-grade narrow vein resource within 700m from surface at Bralorne and a close to surface (<350m) bulk tonnage resource at Pioneer.

Key Points:

• Successful intercept of the 55HW returning 24.52 g/t Au over 1.0m within 7.51 g/t over 4.60m.
• First successful intercept of the 79 Vein returning 26.24g/t Au over 0.80m within 8.91g/t Au over 2.75m.
• Intersected four new veins in hole SB-2021-023 including:
  • New Vein 1 – 8.53 g/t over 1.3m within 4.09 g/t over 5.65m
  • New Vein 2 – 7.80 g/t over 3.65m within 6.52 g/t over 4.85m
  • New Vein 3 – 8.20 g/t over 1.0m
  • New Vein 4 – 5.31 g/t over 1.50m
• Successful intercept targeting the 55 Vein returning 8.37 g/t Au over 0.75m within 3.10 g/t over 5.05m.
• Successful intercept of the 101 Vein returning 7.34 g/t Au over 0.90m.

Terry Harbort, President and CEO commented, “The continued discovery of significant, unexploided veins within the Bralorne area coupled with consistent high-grade intersections on historic veins demoninstrates the potential for a solid increase to our resource base at the Bralorne Project. The grade continuity within the 55HW and 55 vein re-enforce the confidence in our resource drill-out program with consistent repeated high-grade intercepts.”

The 55HW and 55 veins have now been intercepted 28 and 33 times respectively. Highlights of the 55HW include 15.11 g/t over 1.0m (SB-2020-012), 14.66 g/t over 1.5m (SB-2021-020 and 34.58 g/t over 1.5m (SB-2021-058). Highlights of the 55 Vein include 43.64 g/t Au over 1.20m (SB-2020-015), 9.54 g/t Au over 1.90m (SB-2021-017) and 12.75 g/t Au over 0.5m (SB-2021-058). SB-2021-023 increases the intercepts on the 101 vein to 30 highlighted by 37.90 g/t over 0.50m (SB-2021-054).

Five diamond drill rigs are currently drilling at Bralorne. A total of 69,351 metres consisting of 126 holes of a planned and fully funded 100,000 metre drill program have been drilled at the project this year with a total of 92,057m (162 holes) since Talisker initiated drilling at the project in February 2020. Currently 37 holes consisting of 17,250 samples are currently at the assay laboratory and are expected to be received by the Company shortly.

SB-2021-023 Hole Description:

• Complete preliminary results have been received for this hole.
• Located in the Bralorne West block on the NW margin of the granitic intrusive.
• New Vein 1 (43.85-49.50m): Fault affected breccia veining entrained within hydrothermally altered Bralorne diorite. Alteration of increased silica, sericite, and iron carbonate proximal to the C4 fault affected structure. Interval has minor gouge with vein halo arsenopyrite, and pyrite mineralization with mineralization hosted within the vein proximal to contacts.
• New Vein 2 (157-161.85m): Fault affected breccia veining entrained within hydrothermally altered Bralorne diorite. Alteration of increased silica, sericite, and iron carbonate proximal to the C1 fault affected structure. Interval has minor gouge with disseminated arsenopyrite, and pyrite mineralization as well as mineralization hosted within the breccia veining.
• 101 Vein (362.5-363.40m): 101 Vein was intersected at the contact of a fine-grained felsic dyke and Bralorne diorite. Vein halo consists of minor silica, sericite and iron carbonate alteration. Mineralization of disseminated arsenopyrite, and blebby pyrite is hosted within the wall rock with minor vein hosted arsenopyrite.
• 55HW Vein (437.25-438.25m): Vein intersected exhibiting the classic vein textures at Bralorne. Veining is exhibiting extensive crack and seal textures as seen with the fine grained septae. These fine bands are hosting fine grained pyrite and arsenopyrite. Multiple occurrences of visible gold are seen throughout the interval with gold proximal to the crack and seal bands. Vein halo alteration consists of silica and sericite with minor mariposite found proximal to the footwall contact of the vein.
• 55 Vein (477.5-478.25m): Intersect is seen as a weakly banded massive quartz carbonate vein that has a pervasive silica, sericite and mariposite alteration halo. Vein is hosting minor arsenopyrite and pyrite with a vein halo of increased disseminated mineralization consisting of arsenopyrite and pyrite. Intersect is seen with moderate shearing along the contacts as well as within the surrounding wall rock.
• New Vein 3 (638.50-639.50m): Vein was intersected in the Bralorne diorite and is exhibiting crack and seal textures with fine banding proximal to the hanging wall contact. Mineralization is concentrated in the alteration halo hosting minor arsenopyrite, pyrite, pyrrhotite and stibnite. Alteration is consisting of increased silica, sericite, iron carbonate and mariposite.
• 79 Vein (959.55-960.35m): Vein was intersected within the Bralorne diorite exhibiting crack and seal textures with bands of fine-grained sulphides consisting of arsenopyrite, pyrrhotite and pyrite mineralization. Minor vein halo alteration of silica, sericite and iron carbonate.
• New Vein 4 (1135.50-1137m): Untargeted Vein zone that is exhibiting a stockwork of brecciated quartz veining with pervasive alteration of silica, sericite and mariposite alteration within the zone. Veining is undulating and is seen with minor gouge and significant arsenopyrite and pyrite mineralization dominantly localized to the wall rock proximal to veining.

The photos below show SB-2021-023 intersection of the 55HW vein from 434.65m to 438.85m displaying crack and seal textures with fine pyrite and arsenopyrite laminae.

Talisker is providing an opportunity for shareholders and other interested parties to participate in a Webinar to be held at 4:15 pm ET on Thursday, November 4^th. To register, please click on the following link – https://us02web.zoom.us/webinar/register/WN_BmNwJ57USjKrOuHwF2-2Ig. After registering, you will receive a confirmation email containing information about joining the Webinar.

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.

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 two advanced stage projects, the Bralorne Gold Complex and the Ladner Gold Project, both advanced stage projects with significant exploration potential from historical high-grade producing gold mines, 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 296,983 hectares over 346 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.