Talisker to Accelerate Ore Purchase Agreement with Ocean Partners for up to 1,500 tpd

TORONTO, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) is pleased to announce that further to its press release of October 30, 2025 announcing the signing of binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd (“Ocean Partners”) for up to 1,500 tonnes per day (tpd) and a US$25 million revolving credit facility (the “Agreements”), the Company has confirmed with Ocean Partners that it will begin shipping gold bearing material in January 2026. Talisker and Ocean Partners are progressing the finalization of the definitive Agreements.

Terry Harbort, President and CEO of Talisker commented: “The decision to accelerate the transition to Ocean Partners is in line with Talisker’s planned increase of its production rate for 2026. We look forward to finalizing the Agreements with Ocean Partner that is planned to increase our milling capacity to up to 1,500 tpd. A 60-day notice of termination of the milling agreement with Nicola Mining Inc. has occurred.”

Subject to the satisfaction of customary conditions precedent, the Company anticipates entering into the Agreements before the end of January 2026.

For further information, please contact:

Lindsay Dunlop
Vice President, Investor Relations
[e-mail]
[phone]

About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker’s flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is producing at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company has a significant landholding in the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information, including but not limited to: the anticipated terms and timing of the Agreements; the entering into of the Agreements on the anticipated timing and terms or at all; the receipt of required approvals in connection with the Agreements; plans with respect to the business operations of the Company, including its production and processing activities. 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. 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. In particular, the Company advises that it does not have defined mineral reserves and it has not based its production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.