Talisman Mining Ltd. advised that a majority of the assay results have been received from an RC drilling program which commenced in the December quarter 2019. Drilling targeted gold-in soil anomalies across the southern region of the Lachlan Cu-Au Project (Lachlan Project) in NSW. Following an extension to the planned RC drilling at the Melrose Gold Prospect, drilling recommenced in early January 2020, following the Christmas/New Year break. Drilling at the Hardings, Brooklyn, Kaolin Shaft and Melrose Gold Prospects has now been completed with assays returned for all holes except the final two holes drilled at Melrose which have been dispatched to the laboratory for analysis. Planned RC drilling at the Blind Calf Au Prospect, as part of the current program, has been delayed due to a mechanical failure on the RC drill rig. Whilst the RC drill rig is being repaired, drilling crews are in the process of transitioning to diamond drilling to focus on testing down plunge extensions to the high-grade Blind Calf-Dunbars Copper Lode system. Diamond drilling is expected to continue for the remainder of January and throughout February 2020. Assay results have now been received from all the holes drilled at the Harding's, Brooklyn and Kaolin Shaft Prospects, and the holes completed at the Melrose Gold Prospect in late 2019 to test previously identified gold-in-soil anomalies. Talisman is intending to undertake a selective program of downhole electromagnetic surveys (DHEM) following receipt of all assay results to further enhance the understanding of the potential prospectivity of these anomalies. Gold assay results from regolith sampling undertaken in mid-2019 along the southeast extension of the Mineral Hill Corridor highlighted multiple gold-in-soil anomalies. The area contains numerous historic workings and is hosted by altered volcanic rocks. The Kaolin Shaft and Brooklyn Prospects were two high-priority drill targets along this trend. Two drill traverses were undertaken at these two areas. Assay results have been received from the Brooklyn Prospect, with broad zones of low-level gold anomalism (>0.25 g/t Au), encountered across the western most drill hole BKRC0001, including two narrow zones at >0.5g/t Au. BKRC0002 and BKRC0003 did not return any significant results. Assay results from the one hole completed at the Kaolin Shaft prospect returned elevated base metal (lead and zinc) anomalism, with the best result being: 2m @ 2.95% Zn from 50m including 1m @ 4.77% Zn from 50m (KSRC0001). Further work on these prospects will be subject to the results of potential future DHEM surveys. Gold assay results from initial sampling at the Melrose Prospect identified an anomaly extending over 1.5km and returned a peak assay value of +400ppb Au (0.4g/t Au) in soils. Surface verification identified a strongly altered gossanous unit and quartz veining in a sequence of altered volcanic rocks. Further geochemical sampling undertaken in recent months has extended this geochemical anomaly from 1.5km to more than 2.8km. A total of 8 RC drill holes for 1,188m have been completed testing approximately 500m of the +2.8km strike which was identified from the initial reconnaissance sampling. Assay results from those holes completed in December 2019 have now been received. Drilling has intersected a rock package exhibiting broad zones of moderate to strong alteration comprising intercalated felsic volcanics, quartz porphyries and sediments, with varied intensity of quartz veining and sulphide mineralisation across all of the completed drill traverses. Assay results have confirmed geological observations, returning broad low-level gold anomalism, with moderate grade mineralisation associated with zones of more intense veining. The best result returned was from hole MGRC0004 which returned 1m @ 2.03 g/t Au from 65m. Further work on the Melrose Prospect is anticipated to be undertaken once all assay results have been received and potential future DHEM surveys have been completed.