New Talisman Gold Mines Limited Ordinary Shares

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The company was incorporated in 1985 to acquire prospecting licences in the Coromandel area from Mr P R Atkinson. Licences, including those subsequently acquired, are principally in the Hauraki Goldfield area, a significant precious metal mining district in NZ. The company has focused on projects in the Coromandel region. A placement of 10m shares in April 1999 through Barton Capital Corp in Sydney was a first step by the company to expand its mineral interests to areas other than gold. It subsequently negotiated a stake in the Thackaringa Cobalt Project near Broken Hill (minimum 33%). Late in 1999, the company began considering small investments in high tech communications, and during 2000 became a cornerstone shareholder in two e-commerce businesses - E-cademy Holdings Ltd (30.4m shares) and Cadmus Technology Ltd (21m shares), both subsequently listed. In March 2003, the company sold the major part of its holding in Cadmus Technology for 6c per share. The net proceeds of approximately $1m were used to further Heritage's exploration work as have those of subsequent capital raisings. Today, the company has operations in NZ (Waihi, Northland and the Coromandel) and Thackaringa Operations (Co) and Broken Hill Cobalt in Australia. In late 2006 it announced plans to spin-off its Waihi district gold properties into a special purpose subsidiary, Mid-Earth Minerals Ltd. The company raised A$0.4m in September 2006, through a placement of shares to Australian investors. In October 2006, it raised $1.1m from a pro-rata renounceable rights issue of ordinary shares to existing shareholders. The company currently has 343,553,188 shares listed on the NZSX. The NZSX and ASX change of name to New Talisman Gold Mines Limited from Heritage Gold NZ Ltd will be effective from close of business Wednesday 16 May. On the NZSX and ASX the new code will be NTL. On 28/11/2012 New Talisman Gold Mines Limited issued 93,524,016 at an issue price of $0.00 with an exercise price of $0.02. One option was issued for each new share issued under the renounceable rights issue. Options are quoted on the NZX main board and the ASX. Options can be exercised and entitle the holder to one additional share in the company which will rank pari-passu with existing shares.

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