Talisker Resources : Corporate Presentation, March 2024

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OTCQX : TSKFF

Transition to Production

Corporate Presentation

March 2024

Forward-Looking Statements

Certain statements in this presentation constitute forward-looking information, which reflect the expectations of management Resources Ltd. ("Talisker" or the "Company"). 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. Forward-looking statements in this presentation include, among others, statements regarding: the Company's resource base; the future financial or operating performance of the Company; the Company's exploration projects; the estimation of mineral resources; the realization of mineral resources; and capital, operating and exploration expenditures.

All forward-looking statements in this presentation are based on the opinions and estimates of management that, while considered reasonable as at the date of this presentation in light of management's experience and perception of current conditions and expected developments, are inherently subject to important risks and uncertainties, many of which are beyond Talisker's ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this presentation, Talisker's latest MD&A, its most recent Annual Information Form and the other publicly filings of Talisker, which are available electronically on SEDAR (www.sedar.com) under Talisker's issuer profile.

In addition to, and subject to, such assumptions discussed in more detail elsewhere, the forward-looking statements in this presentation are also subject to the assumptions that are stated or inherent in such forward-looking information, including: the significance of drill results and ongoing exploration activities; timing to obtain assay results from labs; ability of exploration activities (including drill results) to accurately predict mineralization; the predictability of geological modelling; the accuracy of the Company's records of its property interests; the global economic climate; metal prices; environmental risks; community and non- governmental actions; that permits required for the Company's operations will be obtained on a timely basis in order to permit the Company to proceed on schedule with its planned drilling programs; that skilled personnel and contractors will be available as the Company's operations continue to grow; that the price of gold will exceed levels that will render the Company's projects economical; the relevance of the assumptions, estimates and projections in technical reports; and that the Company will be able to continue raising the necessary capital to finance its operations and realize on its mineral resource estimates.

Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: (1) a downturn in general economic conditions in North America and internationally; (2) the inherent uncertainties and speculative nature associated with gold exploration; (3) a decreased demand for gold; (4) any number of events or causes which may delay exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth; (7) inability to obtain all necessary permitting and financing; and (8) other factors beyond the Company's control. These forward looking statements are made as of the date of this presentation and Talisker does not assume an obligation to update these forward looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

Additional information about Talisker and the forward-looking statements in this presentation and the assumptions, risks and uncertainties in respect of such forward-looking statements is available in Talisker's latest MD&A, its most recent Annual Information Form and the other publicly filings of Talisker, which are available electronically on SEDAR (www.sedar.com) under Talisker's issuer profile.

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Key Points

Permitted

Fully permitted resource stage

Strongly assets Capitalized

C$6M Cash

C$37M in draw

facility

No Debt

Access &

Infrastructure

Highway access to

Vancouver and

Toll Milling

Facilities

Low Capex

Off-site processing

reduces timeline

and required

capital

Growing

Resource Base

1.7Moz at 6.4 g/t Au at the Bralorne Gold Project*

Strong

Leadership

Over 50Moz Discovered - Experienced Board and Advisors

Jurisdiction

All Canadian based

assets

• Refer to the Bralorne Inaugral Mineral Resource Estimate on slide 12 and the related End Notes, slides 18 and 19.

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Funded to	Fully Permitted	Key Indigenous	Extensive High-
Production	for Mining	Agreements In	Grade Resource
		place	+ clear resource
			expansion

Rapid Pathway to High Margin Gold

Offsite	Limited	100koz/y	Self Funding
Processing =	Development to	production	Growth
Low capex	access ore =	target	Strategy
	rapid startup

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Location in the Heart of BC Mining

Flagship Asset

350km from Vancouver

• Highway access to projects
• Multiple toll milling facilities
• Easy access to power
• Advanced greenfields portfolio

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Bralorne - BC's Iconic Gold Camp

• Over 40 years of production (1929-1971)- 4.2Moz @ 17.7g/t
• 2,300oz/vertical metre average

▪

▪

Orogenic veins, structural continuity defined for 2.5 km along strike and 1.9 km depth

Ore shoot continuity demonstrated for up to 1.5 km

• High-gradevein core surrounded by mineralized breccia halos, reduces dilution

Gold Grade (Ounces)

GOLD PRODUCERS IN BRITISH COLUMBIA

60.00

Largest gold camp in Western Canada

50.00							Eskay Creek
40.00
	Zeballos
30.00
			Snip
20.00
									Bralorne
	Surf Inlet	Sheep Creek	Cariboo		Rossland
10.00				Brucejack	Premier
	Ketza River
					Hedley
			Myra Falls Camp
0.00			Greenwood	Mount Milligan		Kemess
		Afton-Ajax					6
-	500,000	1,000,000	1,500,000	2,000,000	2,500,000	3,000,000	3,500,000	4,000,000	4,500,000

Gold Production (Ounces)

Key Points - Bralorne

150,000+m drilling completed

86 veins identified, 75 open

in all directions

Shallow resource from surface to 700m depth

Mineralization confirmed

to beyond 2km depth

			96% average metallurgical
			recovery 65% free gold
			Consolidated 100% owned
1.7Moz at		14,000ha Brownfields camp
47 historic gold occurrences
6.4 g/t Au
	on 33km trend
Fully diluted
	Clear Pathway to 5Moz+ Au
and Stope
Optimized*
			* Refer to Bralorne Inaugural Mineral Resource
			Estimate, slide 12 and related End Notes, slides
			18 and 19

Fully Permitted Canadian Asset

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Milestones and Upcoming Major Catalysts

2023-2024

Q1 - 2023 Q2 - 2023	Q3 - 2023 Q4 - 2023 Q1 - 2024	Q2 - 2024
	Resource Conversion Drilling
	Engineering Studies	Results from 15,000m
	Updated Mine Plan
	Drill Program
Inaugural Resource	Portal Construction
First In Ore Development
February 2023

Development Funding	Decline Construction	Start Test Production
Secured (US$31.25M)	Ore Sale Agreement
Trucking of First Ore
June 2023	Trucking Agreement
	Ongoing Resource Drilling

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Value Proposition	Resource-ready secondary assets - NI 43-101
	Undervalued Secondary Assets*
	Compliant 691,540 oz Au ready to expand at Ladner

Large Exploration Upside**

5Moz+ upside based on historic drift assays and drilling + Strong pipeline of Greenfields Projects

Strong High-Grade Resource Base***

1.7Moz defined at Bralorne

Drill constrained additional with significant upside

Low Capex & Rapid Startup

Offsite processing, close to surface ore

Strongly Capitalized

C$45M available funds

Analyst Coverage

Target Price****

$2.00

$1.25

$2.00

Bottom Line

Bralorne: Sought after long life, high- grade, permitted Canadian asset in strong M&A market

• Refer to the most recent NI 43-101 technical report titled
  "Technical Report on the Ladner Gold Project, British Columbia" with an effective date of May 29, 2015
• Refer to "Historic Resource Estimate" in End Notes, slides 18 and 19
• Refer to the Bralorne Inaugural Mineral Resource Estimate on slide 12 and related End Notes, slides 18 and 19

****Target prices adjusted for 5:1 share consolidation completed Sept 1, 2023

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Share Structure and Capitalization

Strong Institutional Shareholders

Capital Structure (March 18th, 2024)
Common Shares Outstanding	89,198,377
Warrants1	11,504,733
Options + RSUs	1,463,335
Fully Diluted Shares Outstanding	102,166,445
Market Capitalization	~$28 million

1. 5,679,600 of the outstanding warrants were issued in August 11, 2022, which number reflects 28,398,000 outstanding warrants multiplied by 0.2 to effect the 5:1 consolidation of shares that took effect September 1, 2023

Prices adjusted for 5:1 share consolidation completed Sept 1, 2023

Shareholder Breakdown

Strategic Shareholders

11.1%

4.0%

43.5%

41.4%

Retail	Institutional
Insiders	New Gold Inc.
			10
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