Talisker Intersects 301.88 G/T Au Over 0.55 M Within 79.23 G/T Au Over 2.10 Metres In The Bralorne West Zone - 2026 Bralorne Gold Project Resource Conversion Program

(MENAFN- GlobeNewsWire - Nasdaq) TORONTO, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“ Talisker” or the“ Company”) (TSX:TSK | OTCQX:TSKFF) is pleased to announce results from an additional 17 drill holes from the Bralorne West Zone - 2026 Bralorne Gold Project resource conversion program, following the previously reported first 75 drill holes, predominantly targeting dip and strike extensions in the major ore veins at its currently producing Mustang Mine.

Highlights from the additional 17 drill holes include:

• SB-2026-032 - 40.90 g/t Au over 0.70 m within 16.29 g/t Au over 2.15 m on the 101 Vein
• SB-2026-035 - 56.96 g/t Au over 0.80 m within 19.84 g/t Au over 2.30 m on the 55HW Vein
• SB-2026-037 - 58.36 g/t Au over 0.50 m within 12.78 g/t Au over 2.45 m on the 101 Vein
• SB-2026-037 - 33.44 g/t Au over 0.55 m within 9.74 g/t Au over 3.05 m on the 55 Vein
• SB-2026-038 - 32.07 g/t Au over 0.60 m within 8.77 g/t Au over 2.20 m on the 55HW Vein
• UB-2026-046 - 23.78 g/t Au over 1.05 m within 11.10 g/t Au over 2.25 m on the 55HW Vein
• UB-2026-048 - 20.26 g/t Au over 0.60 m within 5.62 g/t Au over 2.25 m on the 276 Vein
• UB-2026-050 - 25.20 g/t Au over 0.55 m within 7.75 g/t Au over 2.10 m on the 55HW Vein
• UB-2026-050 - 15.76 g/t Au over 0.65 m within 9.51 g/t Au over 2.45 m on the 276 Vein
• UB-2026-052 - 38.63 g/t Au over 0.85 m within 15.14 g/t Au over 2.20 m on the 55HW Vein
• UB-2026-054 - 32.46 g/t Au over 0.60 m within 11.25 g/t Au over 2.00 m on the 278 Vein
• UB-2026-058 - 11.90 g/t Au over 0.50 m within 5.72 g/t Au over 2.40 m on the 55HW Vein
• UB-2026-060 - 30.19 g/t Au over 0.55 m within 12.34 g/t Au over 2.45 m on the 55HW Vein
• UB-2026-060 - 301.88 g/t Au over 0.55 m within 79.23 g/t Au over 2.10 m on the 276 Vein

Up to and including data in this news release, the total drilling at the Mustang Mine in 2026 is 25,442 m in 92 drill holes. The resource conversion drill program is focused on infill drilling of the Alhambra, BK, and BK-9870 veins and Bralorne West's 101, 55 HW, 276, and 55 veins, all within the Mustang Mine. This release highlights results from the Bralorne West zone.

Underground mine development continues to advance in the Bralorne West zone, where the first underground diamond drill bay is now actively infilling the zone. Initial drilling has returned encouraging results, with gold grades exceeding expectations while demonstrating consistent mineralized widths and grade continuity.

Kyle Orr, Talisker's Vice President, Exploration, commented:“We are excited by the initial results from underground drilling in the Bralorne West zone. As underground development advances and drilling continues to expand our understanding of the zone, these results are providing valuable insight into the continuity of mineralization and reinforcing the significant growth potential within the Bralorne Gold Project.”

All drill holes in this release are located in the Mustang Mine and hosted in diorite and/or intermediate to felsic dyke. Major vein structures intersected are orogenic quartz-carbonate veins with banded sulfide septae. Crack-seal septae host fine-grained arsenopyrite and pyrite mineralization. Alteration halos consist of strong silica – sericite ± mariposite alteration with disseminated sulfides.

Bralorne Gold Project - 2026 Diamond Drilling Top Intercepts Table
Drill Hole Name	From (m)	To (m)	Interval (m)	Au (g/t)	Interpreted Structure
SB-2026-032	44.45	45.00	0.55	0.28	Vein Halo
SB-2026-032	45.00	46.05	1.05	1.72	Vein Halo
SB-2026-032	46.05	46.55	0.50	5.24	Untargeted Vein
SB-2026-032	299.60	300.20	0.60	6.13	Untargeted Vein
SB-2026-032	300.20	301.00	0.80	0.53	Vein Halo
SB-2026-032	301.00	301.60	0.60	0.03	Vein Halo
SB-2026-032	327.00	327.65	0.65	0.01	Vein Halo
SB-2026-032	327.65	328.30	0.65	12.50	Untargeted Vein
SB-2026-032	328.30	329.00	0.70	0.01	Vein Halo
SB-2026-032	348.45	349.40	0.95	6.72	Vein Halo
SB-2026-032	349.40	349.90	0.50	0.04	Vein Halo
SB-2026-032	349.90	350.60	0.70	40.90	101 Vein
SB-2026-032	401.25	402.00	0.75	13.40	55HW Vein
SB-2026-032	402.00	402.50	0.50	4.39	55HW Vein
SB-2026-032	402.50	403.00	0.50	3.11	55HW Vein
SB-2026-032	403.00	403.90	0.90	2.89	55HW Vein
SB-2026-033	340.05	340.55	0.50	0.86	Untargeted Vein
SB-2026-033	340.55	341.20	0.65	0.49	Vein Halo
SB-2026-033	341.20	341.80	0.60	2.39	Vein Halo
SB-2026-033	341.80	342.40	0.60	11.71	101 Vein
SB-2026-034	267.00	267.80	0.80	3.45	Vein Halo
SB-2026-034	267.80	268.45	0.65	2.08	Vein Halo
SB-2026-034	268.45	268.95	0.50	2.75	Vein Halo
SB-2026-034	268.95	269.45	0.50	5.41	Untargeted Vein
SB-2026-034	329.80	330.30	0.50	1.30	Vein Halo
SB-2026-034	330.30	330.80	0.50	7.97	55HW Vein
SB-2026-034	330.80	331.30	0.50	1.02	55HW Vein
SB-2026-034	331.30	331.80	0.50	15.07	55HW Vein
SB-2026-035	257.55	258.20	0.65	18.43	101 Vein
SB-2026-035	258.20	258.70	0.50	0.53	Vein Halo
SB-2026-035	258.70	259.70	1.00	0.31	Vein Halo
SB-2026-035	309.55	310.35	0.80	56.96	55HW Vein
SB-2026-035	310.35	310.85	0.50	0.11	Vein Halo
SB-2026-035	310.85	311.85	1.00	0.01	Vein Halo
SB-2026-036	366.00	366.80	0.80	4.72	55 Splay
SB-2026-036	366.80	367.45	0.65	8.05	55 Splay
SB-2026-036	367.45	368.05	0.60	2.15	55 Splay
SB-2026-036	374.35	375.10	0.75	2.52	Vein Halo
SB-2026-036	375.10	376.10	1.00	3.27	55 Vein
SB-2026-036	376.10	376.75	0.65	7.07	55 Vein
SB-2026-037	262.50	263.00	0.50	1.58	Vein Halo
SB-2026-037	263.00	263.50	0.50	58.36	101 Vein
SB-2026-037	263.50	264.00	0.50	0.27	Vein Halo
SB-2026-037	264.00	264.95	0.95	1.27	Vein Halo
SB-2026-037	331.90	332.50	0.60	3.08	55HW Vein
SB-2026-037	332.50	333.00	0.50	14.03	55HW Vein
SB-2026-037	333.00	333.50	0.50	1.24	Vein Halo
SB-2026-037	333.50	334.00	0.50	1.41	Vein Halo
SB-2026-037	358.40	359.05	0.65	4.49	Vein Halo
SB-2026-037	359.05	359.55	0.50	5.96	Vein Halo
SB-2026-037	359.55	360.10	0.55	33.44	55 Vein
SB-2026-037	360.10	360.90	0.80	3.31	55 Vein
SB-2026-037	360.90	361.45	0.55	5.01	55 Vein
SB-2026-038	249.00	250.00	1.00	0.92	Vein Halo
SB-2026-038	250.00	250.55	0.55	2.41	Vein Halo
SB-2026-038	250.55	251.05	0.50	7.66	101 Vein
SB-2026-038	280.50	281.00	0.50	0.18	Vein Halo
SB-2026-038	281.00	281.90	0.90	5.14	278 Vein
SB-2026-038	281.90	282.50	0.60	0.01	Vein Halo
SB-2026-038	312.80	313.40	0.60	32.07	55HW Vein
SB-2026-038	313.40	313.90	0.50	0.09	Vein Halo
SB-2026-038	313.90	315.00	1.10	0.01	Vein Halo
UB-2026-046	53.90	54.60	0.70	0.85	Vein Halo
UB-2026-046	54.60	55.50	0.90	5.56	101 Vein
UB-2026-046	55.50	56.05	0.55	0.01	Vein Halo
UB-2026-046	123.85	124.55	0.70	0.01	Vein Halo
UB-2026-046	124.55	125.05	0.50	0.01	Vein Halo
UB-2026-046	125.05	126.10	1.05	23.78	55HW Vein
UB-2026-048	37.00	37.60	0.60	0.31	Vein Halo
UB-2026-048	37.60	38.15	0.55	6.56	Untargeted Vein
UB-2026-048	38.15	38.80	0.65	0.02	Untargeted Vein
UB-2026-048	38.80	39.45	0.65	0.01	Untargeted Vein
UB-2026-048	97.30	98.20	0.90	0.01	Vein Halo
UB-2026-048	98.20	99.05	0.85	0.01	Vein Halo
UB-2026-048	99.05	99.60	0.55	13.04	55HW Vein
UB-2026-048	106.65	107.25	0.60	20.26	276 Vein
UB-2026-048	107.25	108.15	0.90	0.39	276 Vein
UB-2026-048	108.15	108.90	0.75	0.19	Vein Halo
UB-2026-050	104.15	104.65	0.50	0.01	Vein Halo
UB-2026-050	104.65	105.15	0.50	0.06	Vein Halo
UB-2026-050	105.15	105.70	0.55	25.20	55HW Vein
UB-2026-050	105.70	106.25	0.55	4.34	55HW Vein
UB-2026-050	108.20	108.70	0.50	13.20	Untargeted Vein
UB-2026-050	108.70	109.25	0.55	0.15	Vein Halo
UB-2026-050	109.25	110.20	0.95	0.39	Vein Halo
UB-2026-050	113.25	113.75	0.50	2.99	Vein Halo
UB-2026-050	113.75	114.40	0.65	15.76	276 Vein
UB-2026-050	114.40	115.15	0.75	14.92	276 Vein
UB-2026-050	115.15	115.70	0.55	0.69	Vein Halo
UB-2026-050	144.70	145.70	1.00	1.04	Vein Halo
UB-2026-050	145.70	146.20	0.50	0.71	Vein Halo
UB-2026-050	146.20	147.00	0.80	7.10	55 Vein
UB-2026-052	113.00	113.85	0.85	38.63	55HW Vein
UB-2026-052	113.85	114.50	0.65	0.17	Vein Halo
UB-2026-052	114.50	115.20	0.70	0.52	Vein Halo
UB-2026-052	129.85	130.35	0.50	5.13	277 Vein
UB-2026-052	130.35	130.90	0.55	1.89	Vein Halo
UB-2026-052	130.90	131.90	1.00	0.50	Vein Halo
UB-2026-054	126.65	127.25	0.60	32.46	278 Vein
UB-2026-054	127.25	127.75	0.50	2.09	Vein Halo
UB-2026-054	127.75	128.65	0.90	2.19	Vein Halo
UB-2026-055	137.95	138.65	0.70	0.21	Vein Halo
UB-2026-055	138.65	139.55	0.90	2.54	276 Vein
UB-2026-055	139.55	140.10	0.55	6.08	276 Vein
UB-2026-057	106.70	107.20	0.50	0.03	Vein Halo
UB-2026-057	107.20	108.15	0.95	6.70	55HW Vein
UB-2026-057	108.15	108.80	0.65	0.48	Vein Halo
UB-2026-058	100.10	100.80	0.70	5.38	55HW Vein
UB-2026-058	100.80	101.45	0.65	6.15	55HW Vein
UB-2026-058	101.45	101.95	0.50	11.90	55HW Vein
UB-2026-058	101.95	102.50	0.55	0.01	Vein Halo
UB-2026-058	106.65	107.15	0.50	0.01	Vein Halo
UB-2026-058	107.15	107.65	0.50	0.01	Vein Halo
UB-2026-058	107.65	108.15	0.50	13.34	276 Vein
UB-2026-058	108.15	108.80	0.65	0.45	Vein Halo
UB-2026-060	94.60	95.30	0.70	0.01	Vein Halo
UB-2026-060	95.30	95.90	0.60	0.04	Vein Halo
UB-2026-060	95.90	96.50	0.60	22.66	55HW Vein
UB-2026-060	96.50	97.05	0.55	30.19	55HW Vein
UB-2026-060	104.15	104.65	0.50	0.05	Vein Halo
UB-2026-060	104.65	105.20	0.55	301.88	276 Vein
UB-2026-060	105.20	105.70	0.50	0.66	Vein Halo
UB-2026-060	105.70	106.25	0.55	0.01	Vein Halo
UB-2026-062	124.60	125.15	0.55	3.70	55HW Vein
UB-2026-062	125.15	125.85	0.70	1.20	55HW Vein
UB-2026-062	125.85	126.55	0.70	0.25	55HW Vein
UB-2026-062	126.55	127.05	0.50	10.23	55HW Vein
Note: The bolded assay samples in this table have been used for the composite assay values and intervals reported in the Highlights section above and in the cross-section intercept labels below. True thickness of structures in this release may range from 50% to 95% of the apparent thicknesses.

Bralorne Gold Project - Drill Collar Locations Table (values rounded to nearest metre)
Drill Hole Name	UTM Easting	UTM Northing	Elevation (m)
SB-2026-032	513761	5624972	1244
SB-2026-033	513761	5624972	1244
SB-2026-034	513761	5624972	1244
SB-2026-035	513761	5624972	1244
SB-2026-036	513761	5624971	1244
SB-2026-037	513761	5624971	1244
SB-2026-038	513761	5624972	1244
UB-2026-046	513571	5624925	1056
UB-2026-048	513569	5624925	1056
UB-2026-050	513570	5624925	1057
UB-2026-052	513570	5624925	1057
UB-2026-054	513571	5624925	1057
UB-2026-055	513571	5624925	1056
UB-2026-057	513570	5624926	1056
UB-2026-058	513570	5624926	1056
UB-2026-060	513569	5624926	1056
UB-2026-062	513571	5624926	1056

Bralorne Gold Project - Drill Collar Orientations Table (negative dip points down from the horizontal)
Drill Hole Name	Azimuth (°)	Dip (°)	Total Depth (m)
SB-2026-032	146.50	-47.50	408.00
SB-2026-033	151.50	-47.80	389.10
SB-2026-034	159.00	-49.90	348.00
SB-2026-035	159.50	-45.00	348.30
SB-2026-036	162.00	-53.70	402.00
SB-2026-037	162.50	-50.00	390.00
SB-2026-038	164.50	-47.50	345.00
UB-2026-046	153.80	-1.25	192.00
UB-2026-048	189.00	5.00	141.00
UB-2026-050	178.80	7.00	147.00
UB-2026-052	169.50	7.50	150.00
UB-2026-054	157.40	9.40	156.00
UB-2026-055	162.00	-1.00	156.00
UB-2026-057	171.00	-1.50	177.30
UB-2026-058	182.50	-2.20	177.00
UB-2026-060	192.70	-3.10	171.00
UB-2026-062	156.60	-9.40	201.00

A Media Snippet accompanying this announcement is available by clicking on this link.

In other news, Talisker has entered into a definitive agreement to acquire all of the outstanding securities of Midex Resources Ltd. (“ Midex”) by way of a three-cornered amalgamation (the“ Transaction”). Midex is a private junior exploration company focused on gold properties in Ontario. Midex's main project is the 45,000 hectare, 100%-owned Berens project located north of Red Lake. This project hosts the past-producing Berens River Mine, which operated from 1939 to 1948. Berens River Mine production records indicate total production of 509,000 tonnes of mill feed with an average grade of 8.78 g/t gold and 323 g/t silver¹. Average recoveries were approximately 96.7% for gold and 86.8% for silver. Midex is also the largest claimholder in the Sturgeon Lake greenstone belt, through its 50,000 hectare, 100%-owned Sturgeon Lake and Darkwater gold projects located between Thunder Bay and Pickle Lake. Under the terms of the Transaction, Talisker has agreed to issue 3,000,000 shares of the Company (the“ Consideration Shares”) to acquire 100% of Midex shares outstanding. The Consideration Shares will be distributed pro rata to Midex shareholders. Holders of outstanding Midex warrants will receive Talisker replacement warrants adjusted in exercise price and number of underlying shares to reflect the share exchange ratio. Subject to the receipt of approval by Midex shareholders and applicable regulatory approvals, the Transaction is expected to close in late Q4 2026. The Transaction has Midex board and management support, as directors, officers and certain shareholders holding 29% of the issued and outstanding common shares of Midex have entered into voting support agreements with Talisker, pursuant to which they have agreed, among other things, to vote their Midex shares in favour of the Transaction.

Terry Harbort, CEO of Talisker, commented,“The acquisition of Midex brings several highly prospective land packages into the Talisker portfolio and bolsters our long-term growth strategy. Berens in particular shows distinct structural analogies with our Bralorne Gold Project and with significant historic production only coming from one of 20 identified veins, we see significant exploration upside in the future.”

For further information, please contact:

Lindsay Dunlop
Vice President, Investor Relations
...
+1 647 274 8975

Qualified Person

The scientific and technical information contained in this news release in relation to the Bralorne Gold Project has been reviewed and approved by Kyle Orr, P.Geo., Vice President, Exploration of Talisker, who is a“Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Orr is not independent of the Company for the purposes of NI 43-101.

The scientific and technical information contained in this news release regarding historical mine production at Berens River Mine is based solely on reports prepared by prior operators. Kyle Orr, P.Geo, in his capacity as a Qualified Person, has not performed the work or independent data verification necessary to confirm the accuracy or completeness of these historical production figures. Readers are cautioned that this data has not been verified by a Qualified Person and should not place undue reliance on these historical figures.

About Talisker Resources Ltd.

Talisker (taliskerresources.com) is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker's flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is producing at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an historic gold producer with significant exploration potential and the Spences Bridge Project where the Company has a significant landholding in the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.

Sample Preparation and QAQC

Drill core in this new release from the Bralorne Gold Project was drilled in NQ size (47.6mm) or HQ size (63.5mm) diameters. Drill core samples are a minimum of 50 cm and a maximum of 150 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 3m 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 makeup 10% of the samples submitted to the lab for holes reported in this release. Actlabs performed sample preparation and analyses in Kamloops, British Columbia. Drill core sample preparation includes drying in an oven, crushing of the sample up to 80% passing 2 mm, sample splitting using a riffle splitter, and pulverizing a 1,000 g split to 95% passing 105 microns (ACT code RX1+1000). Gold in diamond drill core is analyzed by fire assay and atomic absorption spectroscopy (AAS) of a 50g sample (ACT code 1A2-50-ORE). Gold assay technique 1A2-50-ORE has an upper detection limit of 100 ppm. Any sample that produces an over-limit gold value via the gold assay technique is sent for gravimetric finish (ACT method 1A3-50) which has an upper detection limit of 10,000 ppm Au. Beginning in August 2026, the analytical laboratory was changed from Actlabs to Paragon Geochemical, and gold analyses were transitioned from conventional fire assay methods to PhotonAssayTM methodology. At Paragon Geochemical, drill core samples were prepared by drying at 100°C, crushing, splitting, and jarring. Samples were crushed to 70% passing 2 mm (PA-PREP) and riffle split to produce a 500 g subsample. Gold analyses were completed on the 500 g jar using the two-cycle PhotonAssayTM method (PA-AU01), which has a reported detection range of approximately 0.015 to 350 ppm Au. Samples returning results above the upper analytical limit were assigned an over-range (OVR) flag and re-analyzed using the high-range PhotonAssayTM method (PAAU02H), which extends the upper analytical limit to 3,500 ppm Au. Samples that remained over-range were subsequently analyzed using the extra high-range PhotonAssayTM method (PAAU02HH), extending the upper analytical limit to 10,000 ppm Au. Where asymmetrically distributed native gold mineralization is observed by the core logging geologist, a“cut-line” may be drawn along the length of the core to guide the core cutter to evenly bisect that mineralization thereby helping to ensure a representative sample. Where no sample cut line is drawn by the geologist the standard procedure is to preserve the oriented core“backside line” or“bottom of hole” mark in the core box. Duplicates were sampled by taking a 1⁄4 core primary sample and a 1⁄4 core as the duplicate sample, thereby leaving a 1⁄2 core representative sample in the box. A photo archive exists for all core from before sampling.

Caution Regarding Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. 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. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. 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.

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, access and supply risks, reliance on key personnel, operational risks, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, title and environmental risks and risks relating to the failure to receive all requisite shareholder and regulatory approvals.

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.

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