Talisker Resources Ltd. Intersects 102 g/t Au over 0.5 m within 30.98 g/t over 1.7m at Bralorne Gold Project

TORONTO, Sept. 8, 2020 - Talisker Resources Ltd. ("Talisker" or the "Company") (CSE:TSK)(OTCQB:TSKFF) is pleased to announce results from holes SB-2020-008, SB-2020-008W1, and SB-2020-009, as well as partial results from an additional four holes from the Company's 17,000m drill program at the Bralorne Gold Project located in British Columbia.

Partial holes highlights include:

• SB-2020-015 - Bralorne Area

• 12.70 g/t Au over 1.3m from 150.70m to 152.00m in the Charlotte Zone
  • Within a broader zone of 9.94 g/t over 4.00m from 149.20m to 153.20m

• 102 g/t Au over 0.50m from 466.10m to 466.60m at the 55 Vein
  • Within a 30.98 g/t over 1.7m from 465.60m to 467.30m
• 8.64 g/t Au over 1.80m from 665.15m to 666.95m at the 53 Vein

• SB-2020-012 - Bralorne Area

• 14.76 g/t Au over 1.00m from 701.50m to 702.50m at the 71 Vein

• SB-2020-013 - Bralorne Area

• 7.67 g/t Au over 0.60m from 153.90m to 154.50m at the Empire Zone
  • Within a broader zone of 1.70 g/t over 6.85m

Complete hole highlights include:

• SB-2020-008 - Bralorne Area

• 6.83 g/t Au over 1.50m from 763.50m to 765.00m at the 53 FW Vein

• SB-2020-009 - Bralorne Area

• 4.52 g/t Au over 6.15m from 211.00m to 217.15m in a New Zone
  • Including 4.88 g/t over 0.75m from 211.00m to 211.75m
  • And 5.69 g/t over 0.90m from 212.50m to 213.40m
  • And 4.86 g/t over 0.50m from 213.40m to 213.90m
  • And 5.56 g/t over 0.60m from 214.40m to 215.00m
  • And 6.35 g/t over 0.50m from 216.65m to 217.15m
• 6.73 g/t Au over 0.85m from 610.45m to 611.30m at the 55 HW Vein

Terry Harbort, President and CEO of Talisker commented, "These results, again highlight the high-grade nature of the Bralorne deposit and demonstrate the location of these high grades within broader mineralised envelopes. With the installation of our automated core saw at site we have increased our sample production rate and will be releasing the remaining results of these holes and the newly completed holes shortly."

Full details including drill maps are available on the Company's website at www.taliskerresources.com. The Company will be hosting a webinar to discuss the results the week of September 14^th. Further details will be provided when the webinar is scheduled.

SB-2020-015 targeted the 55 Vein intersecting a 0.50m vein grading 102.00 g/t Au from 466.10m to 466.60m. This structure is flanked by heavily altered wall-rock which produced 0.61 g/t over 0.50m in the hanging wall and 1.96 g/t over 0.70m in the footwall. At the 53 Vein target 19.95 g/t over 0.65m was encountered and followed by 2.10 g/t over 0.60m in a consecutive sample (two samples located between 665.70m and 666.95m). From 670.00m to 672.00m the 53 FW Vein produced 5.1 g/t over 1.00m, 2.69 g/t over 0.50m, and 1.99 g/t over 0.50m between 670.00 and 672.00m depth.

SB-2020-015 encountered a large mineralized zone (The Charlotte Zone) from 138.00m to 158.20m defining a composite grade of 4.04 g/t Au over 20.20m with a high-grade core of 12.7 g/t Au over 1.3 m. This zone correlates with a similar broad mineralized zone encountered in SB-2020-009 (4.52 g/t over 6.15m) 145m away. In addition, the zone correlates with similar mineralisation intercepted in SB-2020-011A which produced 1.34 g/t Au over 7.25 m from 290.00m to 297.25m 190m away, giving a total traceable length between holes of 235m.

Hole SB-2020-008 targeted the 55 Vein but intersected a suspected drift in the 55 Vein position at 554.5m. The drift was crossed, and the hole continued to the target. A known stope was crossed at 756.1 to 757.3m. The 53 Vein target area yielded two consecutive samples of quartz vein yielding 6.75 g/t over 0.65 m and 6.89 g/t over 0.85m between 763.5 and 765.0m.

Hole SB-2020-008W1 is a wedge off of hole 8, to achieve at a shallower dip angle 337.55 m. This hole attempted to clear overtop of the intersected drift at 554.5m that was encountered in hole 8. At 547.1m the hole intersected a void measuring 4m across and was abandoned.

SB-2020-009 intersected an unanticipated New Zone at 208m which yielded 4.52 g/t over 6.15m. 9 samples of brecciated and sheared quartz yielded values greater than 3 g/t Au triggering over-limit screen metallic analysis. At the 55 HW Vein position a 0.85m quartz vein produced 6.73 g/t from 610.45 to 611.30m. At the 55 Vein target a banded vein with strong mariposite alteration yielded 2.99 g/t Au over 0.95m and 3.3 g/t Au over 1.0m in consecutive samples.

In SB-2020-010 only the top 300m have been assayed so far. No significant grades have been reported at this time.

SB-2020-011 deviated off course after collaring and was abandoned at 38.2m without intersecting any prospective zones. No assays we collected.

SB-2020-011A is the re-collar of hole 11. A new zone was intersected producing 1.34 g/t Au over 7.25m from 290.00m to 297.25m from assays up to 5.89 g/t over 0.50m. Hole 11A has received assays for the intervals 286.50m to 301.90m. The remainder of the assays are currently pending.

SB-2020-012 cut 14.76 g/t Au over 1m in two consecutive samples grading 1.33 g/t over 0.50m and 28.2 g/t over 0.50m in the 71 Vein. Just below this at the 51 Vein 3 consecutive samples produced 1.30 g/t Au over 0.80m, 1.03 g/t over 0.80m, and 2.71 g/t over 0.60m between 704.20 m and 706.40 m depth. SB-2020-012 has been assayed between 698.50m and 735.35m. The remainder of the assays are currently pending.

SB-2020-013 was drilled to intersect the close to surface structure cut by SB-2020-005A (19.97 g/t Au over 5.1m released June 9, 2020). From 153.25m to 154.50m two consecutive samples yielded 3.22 g/t over 0.65m and 7.67 g/t over 0.60m. These two samples sit within a larger zone (Empire Zone) that produced 1.70 g/t Au over 6.85m from 153.25m depth. Hole 13 has been assayed between 147.00m and 164.60m. The remainder of the assays are currently pending.

SB-2020-014 was drilled from the same pad as SB-2020-013. Full assays are still pending. No significant results have been received so far.

About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration of gold projects in British Columbia, Canada. Talisker's projects include the Bralorne Gold Project, an advanced stage project with significant exploration potential from a historical high-grade producing gold mine as well as its Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt and several other early stage Greenfields projects. With its properties comprising 291,339 hectares over 322 claims, six leases and 181 crown grant claims, Talisker is a dominant exploration player in the south-central British Columbia. The Company is well funded to advance its aggressive systematic exploration program at its projects.

For further information, please contact:

Terry Harbort, President & CEO
terry.harbort@taliskerresources.com
+1 416 361 2808

Qualified Person

The technical information contained in this news release relating to the drill results at the Bralorne Gold Project has been approved by Leonardo de Souza (BSc, AusIMM (CP) Membership 224827), Talisker's Vice President, Exploration and Resource Development, who is a "qualified person" within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Sample Preparation and QAQC

Drill core at the Bralorne project is drilled in HQ to NQ size ranges (63.5mm and 47.6mm respectively). Drill core samples are minimum 50 cm and maximum 160 cm long along the core axis. Samples are focused on an interval of interest such as a vein or zone of mineralization. Shoulder samples bracket the interval of interest such that a total sampled core length of not less than 3 m both above and below the interval of interest must be assigned. Sample QAQC measures of unmarked certified reference materials (CRMs), blanks, and duplicates are inserted into the sample sequence and make up 9% of the samples submitted to the lab for holes reported in this release.

Sample preparation and analyses is carried out by ALS Global, at their laboratory in North Vancouver, British Columbia, Canada. Drill core sample preparation includes drying in an oven at a maximum temperature of 60°C, fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 g split to at least 85% passing 75 microns (code PREP-31).

Gold and in diamond drill core is analysed by fire assay and atomic absorption spectroscopy (AAS) of a 50g sample (code Au-AA24), while multi-element chemistry is analysed by 4-Acid digestion of a 0.25 g sample split with detection by inductively coupled plasma mass spectrometer (ICP-MS) for 48 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V, W, Y, Zn, Zr).

Gold assay technique Au-AA24 has an upper detection limit of 10ppm. Any sample that produces an over-limit gold value via the Au-AA24 technique is sent for gravimetric finish via method Au-GRA22 which has an upper detection limit of 1,000 ppm Au. Samples where visible gold was observed are sent directly to screen metallics analysis and all samples that fire assay above 3 ppm Au are re-analysed with method Au-SCR24 which employs a 1kg pulp screened to 100 microns with assay of the entire oversize fraction and duplicate 50g assays on the undersize fraction. Where possible all samples initially sent to screen metallics processing will also be re-run through the fire assay with gravimetric finish provided there is enough material left for further processing.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. 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. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to Talisker. Although such statements are based on reasonable assumptions of Talisker's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

While Talisker considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

The forward-looking information contained in this release is made as of the date hereof, and Talisker is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE: Talisker Resources Ltd.