Mr. Terry Harbort reports

TALISKER ANNOUNCES $11 MILLION EQUIPMENT FINANCING FACILITY TO FUND ORE SORTING AND PROCESSING EQUIPMENT FOR THE BRALORNE GOLD PROJECT

Talisker Resources Ltd.'s wholly owned subsidiary, Bralorne Gold Mines Ltd., has entered into a loan agreement with Two Shores Capital Corp. The loan agreement provides for a delayed-draw term loan of up to $11.0-million to finance the acquisition of ore sorting and processing equipment for the company's Bralorne gold project in Southern British Columbia.

Facility highlights:

• Amount: up to $11.0-million, comprising an initial advance of $2.4-million and subsequent advances of up to $8.6-million in aggregate, available in one or more tranches as equipment purchase milestones are reached;
• Use of proceeds: the initial advance will reimburse deposits previously paid by Bralorne to equipment vendors with subsequent advances to be utilized to finance the remaining equipment purchases;
• Term: 36 months from closing, with blended monthly payments of principal and interest fully amortizing the facility over the term;
• Interest rate: 14 per cent per annum on amounts drawn;
• Fees: a closing fee of 1 per cent on each advance, withheld from the proceeds of the advance;
• Prepayment: the facility may be prepaid in whole or in part at any time on seven business days notice, subject to 2Shores receiving a minimum 1.10 times multiple on invested capital;
• Security: the facility is secured by a first-priority purchase money security interest, which is limited to the equipment and related insurance proceeds, and supported by a performance bond of up to $5.0-million in aggregate issued by a Canadian surety and a guarantee from Talisker; the facility places no charge on the Bralorne gold project's mineral claims or other project assets.

The loan agreement contains covenants, representations, events of default and conditions to financing customary for a facility of this nature.

Terry Harbort, president and chief executive officer of Talisker, stated: "This facility provides non-dilutive capital for the ore-sorting and processing equipment that is central to our processing strategy at the Bralorne gold project. Structuring the financing against the equipment itself, with no encumbrance on our mineral tenure, preserves the strength of our balance sheet as we advance toward our preliminary economic assessment later this year."

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 producing at the Mustang mine. Talisker projects also include the Ladner gold project, a historic high-grade gold mine near Hope, B.C., with significant exploration potential, and the Spences Bridge project, where the company has a significant landholding in the emerging Spences Bridge gold belt, as well as several other early-stage greenfield projects.

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