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.

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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

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.

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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.”

Midex Resources Acquisition

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.”