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Announcement

GENERAL: NTL: NTL successfully raises a further $1.77M

17 Aug 2016 14:18NZX
17th August 2016

ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL or NTLOA)
FOR IMMEDIATE RELEASE
NTL SUCCESSFULLY RAISES A FURTHER $1.77M

New Talisman Gold Mines Limited (New Talisman or NTL) is delighted to
announce it has raised a total of $1.77M through the issue of 353,737,754
shares following the placement of shortfall arising from its 3 for 1
renounceable rights issue dated 25th May 2016. The total amount raised
inclusive of the shortfall stands at $6.46M NZD with a current Market
capitalisation of 14.5M NZD.
Matthew Hill Said "The tremendous support from shareholders demonstrates the
confidence in the company''s management and the project being undertaken in
one of the most active and productive gold regions of NZ. The raising
represents one of the most successful responses to a capital raising in the
junior mining sector in Australiasia and certainly the most successful
capital raising for a junior mining company in NZ in the last 12 to 18
months. This clearly demonstrates the market attractiveness of both the
Talisman mine, the potential upside from acquired exploration data and the
Rahu joint agreement with Newcrest.

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About New Talisman Gold Mines Ltd
New Talisman Gold is a dual listed (NZSX & ASX: NTL) with over 1900
shareholders who are mainly from Australia and New Zealand. It is a leading
New Zealand minerals development and exploration company with a mining permit
encompassing the Talisman mine, one of New Zealand''s historically most
productive gold mines. Its gold properties near Paeroa in the Hauraki
District of New Zealand are a granted mining permit, including a JORC
compliant mineral resource a JORC compliant reserve statement within the
original Talisman underground mine, and a binding Agreement for Newcrest to
spend up to 5M on an adjacent exploration permit along strike from the mine,
Rahu. The company is now advancing its plans to develop the mine, and advance
the exploration project.

More about New Talisman Gold at www.newtalisman.co.nz
End CA:00287376 For:NTL    Type:GENERAL    Time:2016-08-17 14:18:36
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New Talisman Gold Mines Limited
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