Talisman Mining Ltd. announced that it has significantly expanded its landholding in the prospective Lachlan Fold Belt of New South Wales through a farm-in agreement with private company Bacchus Resources Pty Ltd. (‘Bacchus’) and a purchase agreement with Kidman Resources Ltd. (‘Kidman’). Under the new agreements, Talisman may earn up to an 80% interest in the Bacchus' gold and base metal projects and will acquire a 100% interest in the Kidman copper-gold projects. Both projects are complementary and contiguous with Talisman's existing 100% owned NSW exploration tenements and the previously announced Peel Mining Ltd. (‘Peel’) Joint Venture where Talisman is earning up to a 75% interest. The agreements are an important further step in Talisman's project generation program which identified the Gilmore Suture of the Lachlan Fold Belt as an underexplored, highly mineralized region with an opportunity to secure a large scale land package for a relatively low cost. Bacchus is a privately-owned exploration company with a primary focus on the exploration and potential development of the Wollwonga Gold Project in the Pine Creek Orogeny of the Northern Territory. Under the terms of the Farm-in Agreement, Talisman has the right to earn up to an 80% interest in six granted exploration licenses covering an area of approximately 1,067 km2 held by Bacchus in the Lachlan Fold Belt through on-ground expenditure of $2.3 million over a four year period. In accordance with the Farm-in Agreement, Talisman will undertake a staged farm-in with expenditure planned as follows: Talisman to spend $1.3 million in the first 36 months from commencement to earn a 51% interest. Should Talisman elect to continue, Talisman to spend a further $1 million over 12 months to earn an 80% interest. Once Talisman has earned its final interest in the licenses held by Bacchus, a formal joint venture will be entered into which provides that Bacchus will be free carried for 10% of its joint venture interest until a decision to mine. Post a decision to mine, Bacchus can then elect to contribute or Talisman has a right to acquire Bacchus' interest in the joint venture for 95% of fair value as agreed by the joint venture participants. In addition, at the end of the farm-in period, Talisman will transfer to Bacchus a 20% interest in the three granted exploration licenses (EL8615, EL8659, and EL8677) that Talisman currently holds on a 100% basis. Bacchus's interest in these tenements will form part of the formal joint venture and as such Bacchus will contribute to expenditure on the terms outlined above. The Crowl Creek Project comprises a total of six granted exploration licenses covering an area of approximately 278 km2, which are adjacent to, and west of, the Mineral Hill polymetallic mine. Crowl Creek covers the same stratigraphic sequence and a parallel structure to the Mineral Hill deposit host structure and is highly prospective for low-sulphidation epithermal and orogenic precious and base-metals mineralization. Talisman has entered into an agreement to purchase a 100% interest in the Crowl Creek Project from Kidman for consideration of $250,000. Under the terms of the agreement, the consideration of $250,000 is payable upon formal renewal, transfer and registration of the tenements from Kidman to Talisman by the NSW Department of Industry Division of Resources and Energy.