/ Gold Price

Talisker Announces Signing of Bridging Agreement with Bridge River Indian Band

October 3, 2023

TORONTO, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“ Talisker ” or the “ Company ”) (TSX:TSK | OTCQX:TSKFF) and Bridge River Indian Band (“ Xwísten ”) are pleased to jointly announce the signing of a bridging agreement (the “ Agreement ”) for the Bralorne Gold Project. The scope of the Agreement covers underground mining production up to 750 tonnes per day and shipping of ore through the Xwísten Traditional Territory for offsite processing at a permitted mineral processing facility. The Agreement also defines a framework for pursuing collaborative economic development opportunities, environmental stewardship and monitoring, employment and training and the opportunity for a future Impact Benefit Agreement (IBA) between the two parties. The Agreement also works in conjunction with existing regional exploration agreements between Talisker and Xwísten.

Terry Harbort, President and CEO of Talisker, stated, “This bridging agreement represents a significant strengthening of Talisker’s partnership with Xwísten. We look forward to working together towards the development of responsible mining on Xwísten traditional territory.”

Chief Ina Williams of Xwísten commented, “We are pleased to have entered into this Agreement with Talisker that is the result of hard work, open communications and a true willingness to doing things right. The Agreement covers elements of importance to both parties along with provisions that will support growth and opportunities for Xwísten. We look forward to working with Talisker into this new phase of our relationship together.”

For further information, please contact:

Terry Harbort
President and CEO

+1 416 357 0227
Matt Filgate
Vice President, Corporate Development

+1 778 679 3579

About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker’s projects include the Bralorne Gold Complex and the Ladner Gold Project, both advanced stage projects with significant exploration potential from historical high-grade producing gold mines, as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects. With its properties comprising 291,392 hectares over 487 claims, three leases and 197 crown grant claims, Talisker is a dominant exploration player in south-central British Columbia.

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 and include statements regarding the Royalty Transaction, including the expected closing date. 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.

The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.


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