NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, February 26, 2026 – Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that as a result of strong investor demand, the Company and Red Cloud Securities Inc. (“Red Cloud”) have agreed to increase the size of its previously announced “bought deal” private placement (the “Underwritten Offering”) from gross proceeds of C$40,000,000 to gross proceeds of $52,000,000. Pursuant to the upsized Underwritten Offering, Red Cloud, as lead underwriter and sole bookrunner on behalf of itself and A.G.P. Canada Investments ULC, the other member of the syndicate (collectively, the “Underwriters”), has agreed to purchase for resale 26,000,000 units of the Company (the “Units”) at a price of $2.00 per Unit (the “Offering Price”). All amounts are in Canadian dollars unless otherwise noted.

Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant shall entitle the holder to purchase one common share of the Company at a price of $2.70 at any time on or before the date that is 24 months after the Closing Date (as defined below). The Company will use reasonable commercial efforts to list the Warrants for trading on the Toronto Stock Exchange (the “TSX”) after the Closing Date, provided the Offering (as defined below) meets the minimum required distribution.

The Company has granted to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 3,000,000 Units at the Offering Price for additional gross proceeds of up to $6,000,000 (the “Over-Allotment Option”). The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the “Offering”.

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.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), up to 5,086,431 Units will be offered for sale to purchasers resident in all of the provinces of Canada except Québec pursuant to the “listed issuer financing” exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “LIFE Exemption”). The securities issuable from Units sold to purchasers resident in Canada pursuant to the LIFE Exemption are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation. The Units will also be offered 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 United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and 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 Units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503 and, accordingly, the securities issuable from Units sold to purchasers outside of Canada are not expected to be subject to a four-month hold period in Canada. All securities issuable from Units sold to purchasers resident in Canada that are not issued pursuant to the LIFE Exemption will be subject to a four-month hold period in Canada in accordance with applicable Canadian securities law.

An amended and restated offering document (the “Amended Offering Document”) related to the Offering will be made available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.taliskerresources.com. Prospective investors should read this Amended Offering Document before making an investment decision.

The Offering is scheduled to close on or about March 10, 2026, or such other date as is mutually agreed upon by the Company and Red Cloud (the “Closing Date”). The closing of the Offering is subject to customary conditions including the receipt of all necessary regulatory approvals, including the approval of the TSX.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please contact:

Lindsay Dunlop
Vice President, Investor Relations
moc.secruoserreksilat@polnud.yasdnil