Talisker Resources : Intersects 1.17 g/t Gold over 106.75 Metres of Intrusion-Hosted Mineralization in the Pioneer Block at Bralorne – Read More

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Talisker Intersects 1.17 g/t Gold over 106.75 Metres of Intrusion-

Hosted Mineralization in the Pioneer Block at Bralorne

Toronto, Ontario, June 22, 2021 - Talisker Resources Ltd. ("Talisker" or the "Company") (TSX:TSK) (OTCQX:TSKFF) is pleased to announce complete and partial drill assay results from its ongoing 100,000 metre drill program at the Bralorne Gold Project in British Columbia (see Figure 1). Today's release is headlined by a 106.75 metre interval of near-surfacebulk-tonnage gold mineralization within the Pioneer Block that returned an average grade of 1.17 g/t gold in hole SB-2021-026 (see Figure 1); assay results are also included for holes SB-2021-022 and SB-2021-029 drilled within the Pioneer Block. This near- surface gold mineralization at Pioneer is hosted in a coarse-grained felsic intrusive and is characterized by excellent grade consistency (see Table 2). More drilling is required to determine the lateral and vertical extents and geometry of the felsic intrusive hosting these broad zones of near-surface gold mineralization at Pioneer. With five drill rigs operating on site, the Company expects to receive more assay results from both the Charlotte Zone (0 to 350m) and the High-Grade Zone (350 to 750m) soon.

Key Points:

• The host of the mineralization, coarse-grained felsic intrusive has been defined for 3,200m along strike, is open at depth beyond 1,000m and averages 250m wide in the central area tapering to 50m width at the ends of the body (see Figure 1).
• Mineralization is characterized by a well-distributed vein network of smaller veins (similar to the Charlotte Zone) distributed between the larger veins that are the defining characteristic of the classical Bralorne deposit.
• The intrusive-hosted mineralization was first intercepted at Pioneer in Talisker's first hole at Bralorne, SB-2020-001 intersecting 98.95m at 0.54 g/t. A second hole, SB-2020-002 also intersected the edge of the body returning 23m grading 0.40 g/t.
• The distribution of the vein fracture network provides a consistency of grade over a broad intercept (see results table below).
• Five additional holes have been drilled targeting the intrusive body (SB-2021-030,SB-2021-034, SB- 2021-035,SB-2021-040) all intersecting multiple vein zones with visible gold (see Table 1) the best of which, SB-2021-040 intercepted 22 major vein zones with 12 occurrences of visible gold.
• Talisker currently has five drill rigs on site and has completed 38,860 metres of its current 100,000 metre drill program, A sixth drill rig is expected to arrive early in July.

Table 1: Pending Intercepts with Visible Gold and Major Vein Count

Drillhole	Intrusive intercept	Visible Gold Count	Major Vein Zones	Assay Results
SB-2021-026	~110m	3	14	This Release
SB-2021-029	~230m	4	6	This Release
SB-2021-030	~130m	3	9	Pending
SB-2021-034	~180m	1	16	Pending
SB-2021-035	~256m	2	7	Pending
SB-2021-040	~440m	12	22	Pending

Grade Consistency a Key Highlight at Pioneer

The 1.17 g/t gold over 106.75m intersection in hole SB-2021-026 drilled at the Pioneer Block represents the broadest and most consistent interval drilled at the Pioneer Block to date, and supports the Company's interpretations that near-surface bulk tonnage gold mineralization extends well beyond the Charlotte Zone to the northwest (see Figure 1 and 2). Importantly, the grade profile through this 106.75m intersection, in addition to the broad zones of mineralization intersected in holes SB-2021-022 and SB-2021-029, shows

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excellent consistency; hole SB-2021-26 also includes several narrower zones of high-grade gold mineralization highlighted by 67.80 g/t gold over 0.55m.

Today's assay results are exclusively from drilling at the Pioneer Block. While hole SB-2021-26 remains the highlight with 1.17 g/t gold over 106.75m, hole SB-2021-22 also returned consistent, broad zones of gold mineralization including 0.59 g/t gold over 16.40m and 0.32 g/t gold over 31.75m, which follows from holes SB-2020-001 and SB-2020-02 drilled last year, both of which returned 0.54 g/t gold over 98.95m and 0.40 g/t gold over 23.00m respectively.

Pioneer Block

The Pioneer zone was periodically mined between 1945 and 1965 with production from eight veins. The coarse-grained felsic intrusive (CGFI) hosting these broad zones of gold mineralization at Pioneer is a vertical intrusive body that outcrops at surface. The CGFI is intruded by fine-grained felsic and intermediate- mafic dykes (both is which also host gold mineralization). The intrusive body is bound by a basaltic unit to the northeast and the Cadwaller Fault to the southwest; however, the lateral and vertical extents and geometry of the CGFI remains unknown due to limited drilling. An additional hole is planned "up-plunge" of hole SB-2021-26 to determine the proximity of gold mineralization relative to the surface. Gold mineralization is characterized by a high-density network of quartz veins interspersed with larger veins between 0.20m to 1m wide that include crack and seal textures and minor pyrite and arsenopyrite and periodic occurrences of visible gold (see Table 1).

Terry Harbort, President and CEO of Talisker commented, "As drilling at the Charlotte Zone continues to define near-surface, bulk tonnage gold mineralization, we are pleased to see similar near-surface gold mineralization at the Pioneer Block, located over 2km to the southeast. This follows the discovery of near- surface gold mineralization at the King Block (see press release of April 7, 2021). We are particularly impressed by the grade consistency at Pioneer, and drilling is planned to determine the lateral and vertical extents of this gold-mineralized intrusive body. Together with the King Block, we have now identified three zones of near-surface gold mineralization distributed over a 3.8km strike length, with areas between the three zones still to be tested. With five drill rigs operating, we have a large backlog of samples at the lab and we expect this backlog to be reduced as the assay lab returns to normal operations. We remain on track to deliver our initial mineral resource estimate from Bralorne in 2022."

Drill Hole Data

SB-2021-022 - Pioneer Block

• Complete assay results have been received for this hole.
• An unknown vein zone was intersected at 92.10m and produced 0.59 g/t Au over 16.40m, including
• 1. g/t over 5.75m.
• An unknown vein zone was intersected at 138.80m and produced 1.04 g/t Au over 3.20m.
• An unknown vein zone was intersected at 174.10m and produced 1.49 g/t Au over 4.50m, including
• 1. g/t over 3.10m.
• An unknown vein was intersected at 207.1m and produced 1.64 g/t Au over 2.15m.
• The Main Vein was intersected at 269.9m and produced 3.26 g/t Au over 1.55m.
• The J Vein was intersected at 332.25m and produced 2.05 g/t Au over 3.30m, including 2.83 g/t over 1.70m at 333.35m.
• The Pioneer CGFI Zone was intersected at 345.45m and produced 0.32 g/t Au over 31.75m, including an unknown vein zone from 352.00 producing 0.56 g/t over 5.6m.
• This hole drilled to a final depth of 404.0 m on March 30, 2021.

SB-2021-026 - Pioneer Block

• Complete preliminary assay results have been received for this hole.
• An unknown vein zone was intersected at 135.15m and produced 0.75 g/t Au over 2.15m.
• An unknown vein was intersected at 168.00m and produced 11.55 g/t Au over 0.55m.
• The Main Hanging Wall Vein was intersected at 222.00m and 0.89 g/t Au over 6.45m.
• The Main Vein was intersected at 286.85m and produced 18.15 g/t Au over 2.50m, including 74.80 g/t over 0.50m.

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• The Pioneer CGFI Zone was intersected at 298.15m and produced 1.17 g/t Au over 106.75m. Highlights of this zone include:
  o An intercept of an unknown vein zone at 340.00m producing 8.52 g/t Au over 0.50m o An intercept of an unknown vein zone at 354.40m producing 20.20 g/t Au over 0.50m
  o An intercept of an unknown vein zone at 362.80m producing 14.45 g/t Au over 2.60, including an intersect at 364.85m producing 67.80 g/t Au over 0.55m.
• This hole drilled to a final depth of 593.4m on April 12, 2021.

SB-2021-029 - Pioneer Block

• Complete preliminary assay results have been received for this hole.
• An unknown vein zone was intersected at 112.10m and produced 0.72 g/t Au over 7.45m.
• An unknown vein zone was intersected at 212.30m and produced 0.44 g/t Au over 7.45m.
• An unknown vein was intersected at 240.95m and produced 13.10 g/t Au over 0.80m.
• The Main Vein was intersected at 318.20m and produced 8.49 g/t Au over 1.05m, including 17.70 g/t Au over 0.50m at 318.75m.
• This hole drilled to a final depth of 809m on April 28, 2021.

Bralorne Gold Project

Drill Holes SB-2021-022, 026, 029

	Diamond Drill		From		To		Interval		Au		Zone		Method
	Hole Name		(m)		(m)		(m)		(g/t)			Reported
	SB-2021-022	92.10		92.65		0.55		0.13			Unknown Zone		Au-AA26
	SB-2021-022	92.65		93.70		1.05		0.35					Au-AA26
	SB-2021-022	93.70		94.50		0.8		2.86					Au-SCR24
	SB-2021-022	94.50		96.00		1.5		0.24					Au-AA26
	SB-2021-022	96.00		97.35		1.35		0.03					Au-AA26
	SB-2021-022	97.35		98.45		1.10		0.73					Au-AA26
	SB-2021-022	98.45		98.95		0.50		2.28					Au-SCR24
	SB-2021-022	98.95		99.45		0.50		2.42					Au-SCR24
	SB-2021-022	99.45		100.35		0.90		0.22					Au-AA26
	SB-2021-022	100.35		101.10		0.75		0.01					Au-AA26
	SB-2021-022	101.10		101.85		0.75		0.03					Au-AA26
	SB-2021-022	101.85		102.35		0.50		0.44					Au-AA26
	SB-2021-022	102.35		103.10		0.75		0.13					Au-AA26
	SB-2021-022	103.10		104.55		1.45		0.23					Au-AA26
	SB-2021-022	104.55		105.40		0.85		0.35					Au-AA26
	SB-2021-022	105.40		105.90		0.50		0.08					Au-AA26
	SB-2021-022	105.90		106.50		0.60		0.19					Au-AA26
	SB-2021-022	106.50		107.00		0.50		1.45					Au-SCR24
	SB-2021-022	107.00		107.50		0.50		1.69					Au-SCR24
	SB-2021-022	107.50		108.50		1.00		0.46					Au-AA26
	SB-2021-022	138.80		139.85		1.05		0.24					Au-AA26
	SB-2021-022	139.85		140.35		0.50		1.18			Unknown Zone		Au-SCR24
	SB-2021-022	140.35		140.85		0.50		2.26				Au-SCR24
	SB-2021-022	140.85		142.00		1.15		1.19					Au-SCR24
	SB-2021-022	174.10		175.00		0.90		0.51					Au-AA26
	SB-2021-022	175.00		175.50		0.50		0.97			Unknown Zone		Au-AA26
	SB-2021-022	175.50		176.00		0.50		1.15					Au-SCR24

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Bralorne Gold Project

Drill Holes SB-2021-022, 026, 029

	Diamond Drill		From		To		Interval		Au		Zone		Method
	Hole Name		(m)		(m)		(m)		(g/t)			Reported
	SB-2021-022	176.00		176.50		0.50		3.20					Au-SCR24
	SB-2021-022	176.50		177.00		0.50		1.25					Au-SCR24
	SB-2021-022	177.00		177.50		0.50		1.12			Unknown Zone		Au-SCR24
	SB-2021-022	177.50		178.10		0.60		2.56					Au-AA26
	SB-2021-022	178.10		178.60		0.50		1.77					Au-AA26
	SB-2021-022	207.10		207.90		0.80		0.98					Au-AA26
	SB-2021-022	207.90		208.45		0.55		4.53			Unknown Zone		Au-SCR24
	SB-2021-022	208.45		209.25		0.80		0.31					Au-AA26
	SB-2021-022	269.90		270.40		0.50		3.13					Au-SCR24
	SB-2021-022	270.40		270.95		0.55		1.31			Main Vein		Au-SCR24
	SB-2021-022	270.95		271.45		0.50		5.53					Au-SCR24
	SB-2021-022	332.25		333.35		1.10		1.45					Au-SCR24
	SB-2021-022	333.35		334.05		0.70		2.13					Au-SCR24
	SB-2021-022	334.05		334.55		0.50		1.96			J Vein		Au-SCR24
	SB-2021-022	334.55		335.05		0.50		4.68					Au-SCR24
	SB-2021-022	335.05		335.55		0.50		0.75					Au-AA26
	SB-2021-022	345.45		346.40		0.95		0.25					Au-AA26
	SB-2021-022	346.40		347.00		0.60		0.14					Au-AA26
	SB-2021-022	347.00		348.50		1.50		0.34					Au-AA26
	SB-2021-022	348.50		349.00		0.50		1.39					Au-AA26
	SB-2021-022	349.00		349.50		0.50		0.07					Au-AA26
	SB-2021-022	349.50		350.00		0.50		0.20					Au-AA26
	SB-2021-022	350.00		350.50		0.50		0.03					Au-AA26
	SB-2021-022	350.50		351.00		0.50		0.13					Au-AA26
	SB-2021-022	351.00		351.50		0.50		0.01					Au-AA26
	SB-2021-022	351.50		352.00		0.50		0.06					Au-AA26
	SB-2021-022	352.00		352.85		0.85		0.81					Au-SCR24
	SB-2021-022	352.85		353.35		0.50		0.92			Pioneer CGFI Zone		Au-AA26
	SB-2021-022	353.35		354.15		0.80		0.27				Au-AA26
	SB-2021-022	354.15		354.65		0.50		1.52					Au-SCR24
	SB-2021-022	354.65		355.55		0.90		0.06					Au-AA26
	SB-2021-022	355.55		357.00		1.45		0.23					Au-AA26
	SB-2021-022	357.00		357.60		0.60		1.06					Au-SCR24
	SB-2021-022	357.60		358.45		0.85		0.07					Au-AA26
	SB-2021-022	358.45		359.00		0.55		0.39					Au-AA26
	SB-2021-022	359.00		359.50		0.50		0.29					Au-AA26
	SB-2021-022	359.50		360.40		0.90		0.01					Au-AA26
	SB-2021-022	360.40		361.00		0.60		0.02					Au-AA26
	SB-2021-022	361.00		362.30		1.30		0.23					Au-AA26
	SB-2021-022	362.30		363.60		1.30		0.15					Au-AA26

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Bralorne Gold Project

Drill Holes SB-2021-022, 026, 029

	Diamond Drill		From		To		Interval		Au		Zone		Method
	Hole Name		(m)		(m)		(m)		(g/t)			Reported
	SB-2021-022	363.60		364.40		0.80		0.67					Au-AA26
	SB-2021-022	364.40		365.65		1.25		0.01					Au-AA26
	SB-2021-022	365.65		366.40		0.75		0.39					Au-AA26
	SB-2021-022	366.40		367.90		1.50		0.01					Au-AA26
	SB-2021-022	367.90		368.65		0.75		0.01					Au-AA26
	SB-2021-022	368.65		369.35		0.70		0.06					Au-AA26
	SB-2021-022	369.35		370.85		1.50		0.01			Pioneer CGFI Zone		Au-AA26
	SB-2021-022	370.85		372.35		1.50		0.10					Au-AA26
	SB-2021-022	372.35		373.85		1.50		0.48					Au-AA26
	SB-2021-022	373.85		374.85		1.00		1.84					Au-SCR24
	SB-2021-022	374.85		375.95		1.10		0.28					Au-AA26
	SB-2021-022	375.95		376.70		0.75		0.38					Au-SCR24
	SB-2021-022	376.70		377.20		0.50		0.25					Au-AA26
	SB-2021-026	135.15		135.65		0.50		0.47					Au-AA26
	SB-2021-026	135.65		136.20		0.55		1.40			Unknown Zone		Au-AA26
	SB-2021-026	136.20		136.70		0.50		0.83				Au-AA26
	SB-2021-026	136.70		137.30		0.60		0.31					Au-AA26
	SB-2021-026	168.00		168.55		0.55		11.55			Unknown Zone		Au-AA26
	SB-2021-026	222.00		222.50		0.50		1.98					Au-AA26
	SB-2021-026	222.50		223.00		0.50		0.79					Au-AA26
	SB-2021-026	223.00		223.50		0.50		1.79					Au-AA26
	SB-2021-026	223.50		224.00		0.50		1.95					Au-AA26
	SB-2021-026	224.00		224.50		0.50		3.28			Main Hanging Wall		Au-AA26
	SB-2021-026	224.50		225.50		1.00		0.05				Au-AA26
	SB-2021-026	225.50		226.00		0.50		0.52					Au-AA26
	SB-2021-026	226.00		226.90		0.90		0.18					Au-AA26
	SB-2021-026	226.90		227.95		1.05		0.01					Au-AA26
	SB-2021-026	227.95		228.45		0.50		0.71					Au-AA26
	SB-2021-026	286.85		287.50		0.65		4.65					Au-AA26
	SB-2021-026	287.50		288.00		0.50		74.80			Main Vein		Au-AA26
	SB-2021-026	288.00		288.60		0.60		3.97				Au-AA26
	SB-2021-026	288.60		289.35		0.75		3.43					Au-AA26
	SB-2021-026	298.15		298.70		0.55		1.93					Au-AA26
	SB-2021-026	298.70		300.20		1.50		0.01					Au-AA26
	SB-2021-026	300.20		300.70		0.50		1.49					Au-AA26
	SB-2021-026	300.70		301.70		1.00		0.02			Pioneer CGFI Zone		Au-AA26
	SB-2021-026	301.70		302.20		0.50		0.21					Au-AA26
	SB-2021-026	302.20		302.70		0.50		0.21					Au-AA26
	SB-2021-026	302.70		303.80		1.10		0.24					Au-AA26