Talisker Announces Royalty Purchase Agreement with Osisko Gold Royalties

TORONTO, ON / ACCESSWIRE / December 6, 2021 / Talisker Resources Ltd. ("Talisker" or the "Company") (TSX:TSK)(OTCQX:TSKFF) is pleased to announce that the Company and its wholly-owned subsidiaries, Bralorne Gold Mines Ltd. and New Carolin Gold Corp., have entered into a royalty purchase agreement (the "Royalty Purchase Agreement") with Osisko Gold Royalties Ltd ("Osisko") that provides for a one-time cash payment by Osisko of $7.5 million in exchange for the Company granting certain net smelter returns ("NSR") royalties on all minerals produced from the Bralorne Gold Property, the Ladner Gold Project and the currently optioned Golden Hornet Project. The granted NSR royalties include an increase of a 0.5% royalty on the Bralorne Gold Property increasing Osisko's royalty on that property to 1.7%, the grant of a 1.5% royalty on the Ladner Gold Project and a 1% future royalty on the Golden Hornet Project which will become effective if Talisker exercises its option to acquire the Golden Hornet Project.

Terry Harbort, President and CEO of Talisker commented, "We are pleased to have Osisko Gold Royalties continued support for our Bralorne Gold Project and confidence in our view of the prospectivity of the Ladner Gold and Golden Hornet Projects."

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 two advanced stage projects, 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 296,983 hectares over 346 claims, three leases and 198 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.

For further information, please contact:

Terry Harbort
President and CEO
[e-mail]
[phone]

Caution Regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. 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. Actual future results may differ materially. 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.