Talisker Renews Milling Agreement with Nicola Mining Inc. and Initiates Trucking of Mustang Run of Mine Material

TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- 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 11 ^th , 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.

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.

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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 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.

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 implied 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, operational 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 shareholder and regulatory approvals.