Issue of Options

Talisman Metals PLC

9 October 2026

Talisman Metals PLC

("Talisman" or the "Company")

Issue of Options

Talisman Metals PLC (“Talisman” or the “Company”) announces an issue of options to Vernon Shein (Lead Geologist) and Driss El Bouhli (Country Manager/Senior Geologist) with effect from 9 October 2026. Since the Company's admission to AIM on 27 January 2026 the management team has expanded to meet the business objectives of the Group. The Board of the Company has accordingly approved the grant of options over 100,000 Ordinary Shares (the "Options") to Vernon Shein and Driss El Bouhli (200,000 Options in total), which represent 0.28% of the Company’s present issued and outstanding share count.

The principal terms of the Options are:

• Exercise price of 8.5 pence per ordinary share.
• The Options vest fully on the first anniversary of the date of grant, subject to the option holder remaining a Nominated Person under the Share Option Scheme (please see Admission Document of 31 December 2025 for reference); and, once vested, may be exercised in accordance with the rules of the Share Option Scheme.
• The Options have a term of three years from the date of grant.

End

For further information:

Talisman Metals PLC

Tim McCutcheon (Chief Executive Officer and Director)

Tel +353 (0) 1 525 6710

contactus@talismanmetalsplc.com

Beaumont Cornish Limited (Nominated Adviser)

James Biddle / Roland Cornish

Tel: +44 (0) 207 628 3396

CMC Markets UK Plc (Broker)

Thomas Smith / Thomas Curran

Tel: +44 (0) 20 3003 8255

BlytheRay (Financial PR)

Megan Ray / Said Izagaren

Tel: +44 (0) 20 7138 3204

talismanmetals@blytheray.com

Nominated Adviser Statement

Beaumont Cornish Limited ("Beaumont Cornish"), is the Company's Nominated Adviser and is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other person for providing the protections afforded to customers of Beaumont Cornish nor for advising them in relation to the transaction and arrangements described in the announcement or any matter referred to in it.

Distribution

This announcement has been notified via a Regulatory Information Service, and it is not authorised for distribution into North America or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of that jurisdiction.