Private Placement Allotted and Conv Note Converted

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2b Gibraltar Cres, Parnell, Auckland 1052
Office +64 9 303 1893
info@newtalisman.co.nz







30 June 2025


ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED
(NZX: NTL)
FOR IMMEDIATE RELEASE

NEW TALISMAN ISSUES NEW SHARES AS PRIVATE PLACEMENT AND
COMPLETES THE FINAL CONVERSION OF DEBT SECURITY


NTL is pleased to announce it has today allotted 7,638,888 new ordinary shares in a private
placement under listing rule 4.5.1 for NZ$550,000 the issue price being 0.072 per share for the
issue of ordinary shares, a 5% discount of the VWAP for the 10 days immediately prior to the
placement allotment. The proceeds from the placement will be used as working capital for the
commencement of bulk sampling.
Following the issue of shares under private placement NTL has converted the balance of the
Convertible Loan Note by issue of 543,442 ordinary shares for NZ$35,324 (being 15% discount
on the 20 day VWAP of NTL shares as per the terms of the Note) to Hamish Brown.


Yours sincerely,

S Jane Bell
Company Secretary
New Talisman Gold Mines Limited

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Template
Capital Change Notice

Updated as at February 2025

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A. Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer New Talisman Gold Mines Limited
NZX ticker code NTL
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NNZHERE0001S6
Currency NZ$
Section 2: Capital change details
Number issued/acquired/redeemed Issue of 7,638,888 ordinary shares for
private placement

Issue/acquisition/redemption price per security $0.072 per share for the placement

Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) paid in full
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1

1.19%
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Issue of shares pursuant to a private
placement. By resolution of the Board of
NTL

Total number of Financial Products of the Class
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.
648,672,802 ordinary shares
No treasury stock
Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Board Resolution and Directors Certificate
dated 27 June 2025 for the private
placement under listing rule 4.5.1

Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
New ordinary shares which rank equally
with all other fully paid ordinary shares

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Date of issue/acquisition/redemption
2
30 June 2025
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Dats of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
Placement is being made to eligible
investors who have expressed an interest
in participating in a private placement.
The quantum of the private placement
funds being sought was not sufficient to
warrant a full rights offer to all
shareholders so a decision was made to
allocate within the criteria set out in rule
4.5.1
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Jane Bell
Contact person for this announcement Jane Bell
Contact phone number 021764224
Contact email address jane@newtalisman.co.nz
Date of release through MAP

30 June 2025




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

---

Template
Capital Change Notice

Updated as at February 2025

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
element does not apply, mark the row as N/A. Any other changes to this prescribed form must first be approved by
NZX as required under NZX Listing Rule 3.26.1.

Section 1: Issuer information
Name of issuer New Talisman Gold Mines Limited
NZX ticker code NTL
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NNZHERE0001S6
Currency NZ$
Section 2: Capital change details
Number issued/acquired/redeemed Issue of 543,442 ordinary shares

Nominal value (if any) Not applicable
Issue/acquisition/redemption price per security $0.065 per share issued upon the partial
conversion of a Convertible Loan Noted
for a total of NZ$35,324
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) paid in full
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1

0.08%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for
example the Conversion price and Conversion date
and the ranking of the Financial Product in relation
to other Classes of Financial Product) or the Option
(for example, the exercise price and exercise date)
Not applicable
Reason for issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Issue of Shares pursuant to the partial
Conversion of a Convertible Loan Note.
Total number of Financial Products of the Class
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.
649,216,244 ordinary shares
No treasury stock
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
Not applicable

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.

Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Board resolution and directors’ certificate
dated 30 May 2022 and shareholder
approval by ordinary resolution at special
meeting held on 29 June 2022
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
New ordinary shares which rank equally
with all other fully paid ordinary shares
Date of issue/acquisition/redemption
2
30 June 2025
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Dats of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
n/a
Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Jane Bell
Contact person for this announcement Jane Bell
Contact phone number 021764224
Contact email address jane@newtalisman.co.nz
Date of release through MAP

30 June 2025




2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).