ASX Code: TLM‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

2015 Annual General Meeting

Building Opportunity and Diversity in Copper and Nickel

Disclaimer and Competent Person's Statements

Disclaimer

This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of Talisman Mining Ltd (Talisman Mining or the Company) and consult their own legal, business and/or financial advisers.

The information contained in this presentation has been prepared in good faith by Talisman Mining Ltd, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Talisman Mining Ltd, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

Certain information in this presentation refers to the intentions of Talisman Mining Ltd , but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Talisman Mining Ltd's actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Talisman Mining Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the presentation will actually occur as contemplated.

Competent Person's Statement

Information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Graham Leaver, who is a member of the Australasian Institute of Geoscientists. Mr Leaver is a full time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australian Code for Reporting of Mineral Resources and Ore Reserves'. Mr Leaver consents to the inclusion in this presentation of the matters based on information in the form and context in which it appears.

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Talisman's transformational past 12 months

Transfer of title to Sinclair Nickel Project tenements clears the way for exploration to commence

Sandfire recommences extensive aircore drilling programs

Sinclair acquisition completed, encouraging initial results from detailed near-mine and regional exploration reviews

and surface and down-hole EM surveys at Doolgunna Initial review of Skye and Stirling prospects at Sinclair and

geological/geophysical review of Delphi prospect

Agreement to acquire Sinclair Nickel Project in WA from Glencore for $8 million

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Talisman's transformational past 12 months

Assay results for discovery hole TLDD004A reveal stunning intersection of 16.5m grading 18.9% Cu and 2.1g/t Au from

409.5m down-hole

Talisman raises $8 million through a successful share placement at 47c per share

Sandfire announces that drill hole TLDD004A intersected 14 metres of massive sulphides from 411m down-hole at Monty

Sandfire commences Diamond drilling at Monty prospect to test subtle but discrete late-time EM conductor identified

from historical Talisman hole SPD021

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