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

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TORONTO, Oct. 24, 2025 (GLOBE NEWSWIRE) — Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK) is pleased to announce the closing of the first tranche (the “First Tranche”) of its previously announced “bought deal” private placement (the “Offering”) for gross proceeds of C$18,275,001 from the sale of 12,183,334 common shares of the Company (the “Offered Shares”) at a price of C$1.50 per Offered Share. Red Cloud Securities Inc. (“Red Cloud”) acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that included Canaccord Genuity Corp. and FMI Securities Inc. (collectively, the “Underwriters”) in connection with the Offering. The final tranche of the Offering is expected to close on or before November 6, 2025.

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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.

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The Offered Shares were offered: (a) by way of private placement in all of the provinces of Canada (except Québec) 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 United States Securities Act of 1933, as amended (the “U.S. Securities Act”); 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 February 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 OSC Rule 72-503 and, accordingly, such Offered Shares are not subject to a four-month hold period under applicable Canadian securities laws.

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As consideration for their services in the First Tranche, the Underwriters received aggregate cash fees of C$1,066,494.06 and 710,966 non-transferable common share purchase warrants (the “Broker Warrants”). Each Broker Warrant entitles the holder thereof to purchase one common share of the Company at a price of C$1.68 at any time on or before October 24, 2027.

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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.

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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.

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