Ms. Lindsay Dunlop reports

TALISKER CLOSES FIRST TRANCHE OF BOUGHT DEAL PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$18.3 MILLION

Talisker Resources Ltd. has closed the first tranche of its previously announced bought deal private placement for gross proceeds of $18,275,001 from the sale of 12,183,334 common shares of the company at a price of $1.50 per offered share. 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 final tranche of the offering is expected to close on or before Nov. 6, 2025.

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 Quebec) 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 U.S. Securities Act of 1933, as amended; 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 are subject to a four-month hold period ending on Feb. 25, 2026, pursuant to applicable Canadian securities laws. The offered shares issued to purchasers outside of Canada were issued pursuant to an exemption from the prospectus requirement available under Section 2.3 of Ontario Securities Commission 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 first tranche, the underwriters received aggregate cash fees of $1,066,494.06 and 710,966 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 $1.68 at any time on or before Oct. 24, 2027.

The closing of the first tranche remains subject to the final approval of the Toronto Stock Exchange pursuant to the underwriting agreement entered into by the company and the underwriters in connection with the offering.

About Talisker Resources Ltd.

Talisker 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 a historical high-grade producing gold mine, the Spences Bridge project where the company has a significant landholding in the emerging Spences Bridge gold belt and several other early-stage greenfield projects.

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