Announcement PDF 4 January 2024 Mr Sean Maloney Senior Advisor, Listings Compliance (Perth) ASX Compliance Pty Ltd Level 40, Central Park, 152-158 St George’s Terrace Dear Mr Maloney RESPONSE TO ASX PRICE AND VOLUME QUERY In response to your letter dated 4 January 2024, Talisman Mining Ltd (ASX:TLM, Talisman or Company) advises as follows: 1. The Company is not aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company. 2. Not applicable. 3. With respect to the recent trading in its securities; the Company notes the exploration updates released by the Company during the final quarter of 2023, including in relation to activities and results to date at TLM’s 100% owned Lachlan Project in NSW (and as summarised in the Company’s latest presentation as released to ASX on 14 December 2023). 4. The Company is in compliance with the Listing Rules and, in particular, Listing Rule 3.1. 5. The Company’s responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by an officer of the Company with delegated authority from the board to respond to ASX on disclosure matters. Yours sincerely Alex Neuling Company Secretary 1 4 January 2024 Reference: 86611 Mr Alex Neuling Company Secretary Talisman Mining Limited By email: Dear Mr Neuling Talisman Mining Limited (‘TLM’): Price - Query ASX refers to the following: A. The change in the price of TLM’s securities from a low of $0.23 to an intraday high of $0.30 today. B. The significant increase in the volume of TLM’s securities traded from yesterday to today. Request for information In light of this, ASX asks TLM to respond separately to each of the following questions and requests for information: 1. Is TLM aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities? 2. If the answer to question 1 is “yes”. (a) Is TLM relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in TLM’s securities would suggest to ASX that such information may have ceased to be confidential and therefore TLM may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation. (b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below). (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made? 3. If the answer to question 1 is “no”, is there any other explanation that TLM may have for the recent trading in its securities? 4. Please confirm that TLM is complying with the Listing Rules and, in particular, Listing Rule 3.1. 5. Please confirm that TLM’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of TLM with delegated authority from the board to respond to ASX on disclosure matters. When and where to send your response This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 12:00 PM AWST Thursday, 4 January 2024. You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall ASX Limited [[Listings]] ASX Customer Service Centre 131 279 | asx.com.au within the exceptions mentioned in Listing Rule 3.1A, TLM’s obligation is to disclose the information ‘immediately’. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require TLM to request a trading halt immediately. Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au. It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform. Trading halt If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in TLM’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:  the reasons for the trading halt;  how long you want the trading halt to last;  the event you expect to happen that will end the trading halt;  that you are not aware of any reason why the trading halt should not be granted; and  any other information necessary to inform the market about the trading halt, or that we ask for. We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions. Suspension If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in TLM’s securities under Listing Rule 17.3. Listing Rules 3.1 and 3.1A In responding to this letter, you should have regard to TLM’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that TLM’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter. Release of correspondence between ASX and entity ASX reserves the right to release all or any part of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A. Yours sincerely ASX Compliance 2/2 ASX Customer Service Centre 131 279 | asx.com.au