Talmine Resources Ltd. Closes Private Placement, Appoints Director and Property Update

Vancouver, British Columbia–(Newsfile Corp. – June 27, 2022) – Talmine Resources Ltd. (the “Company“) is pleased to announce it has completed a non-brokered private placement (the “Private Placement“), issuing 25,000,000 Common shares in the capital of the Company at a price of $0.015 per Common Share for total gross proceeds of $375,000.

The Company is also pleased to announce that Richard A. Graham has been appointed to the Company’s Board of Directors and as President and Chief Executive Officer to replace A. Murray Sinclair, who will remain of the Board. Mr. Graham has extensive public company experience and is a professional geologist registered with Engineers and Geoscientists of British Columbia and the Association of Professional Engineers, Geologist and Geophysicists of Alberta.

The Company also reports that following a geological compilation program of historical exploration activities and a field evaluation, it was determined that no further exploration work was warranted on its Tin City Tungsten-Silver-Lead-Zinc property in southeastern British Columbia. As a result, the mineral claims were allowed to lapse on April 11, 2022 and the Company no longer has any rights or obligations in regards to the Tin City property.

The net proceeds from the Private Placement will be used to for asset evaluations, working capital and general corporate purpose.

The securities offered pursuant to the Private Placement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“) or any U.S. state securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or compliance with the requirements of exemptions therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements made and information contained herein is “Forward-looking information” within the meaning of applicable securities laws, including statements concerning our plans, future financings and operations, and the timing and completion of any acquisition or future business opportunities. Such forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, general economic, market and business conditions, including in light of the COVID-19 pandemic, changes in national and local government legislation or regulations regarding environmental factors, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; dependency on equity market financings to fund operations; and other risks and uncertainties, including those described in each management’s discussion and analysis released by the Company. In addition, forward-looking information is based on various assumptions. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements, which speak only as of the date they are made. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

For Further Information:

Richard A. Graham
Chief Executive Officer
Telephone: 604-488-8717

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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