Talisman Energy Inc. recently released its 2006 Corporate Responsibility Report, entitled “Risky Business”.

Visit http://www.talisman-energy.com/responsibility/cr_report/ to view the Report on-line or request a printed copy.

Since 2000, Talisman has prepared an annual Corporate Responsibility Report for its global stakeholders. These reports detail Talisman’s corporate responsibility initiatives and impacts, helping stakeholders better understand and evaluate the Company’s performance. Talisman’s Corporate Responsibility Reports enhance transparency, ensure accountability, engage stakeholders and help improve the Company’s social and environmental performance.

“Risky Business” was prepared in accordance with the Global Reporting Initiative’s 2002 Guidelines and has been independently reviewed by PricewaterhouseCoopers LLP. The Report addresses the most significant corporate responsibility-related risks the Company faced in 2006 and describes how the Company managed them.

Talisman Energy Inc. is an upstream oil and gas company with a balanced portfolio of North American and international operations. Talisman was established as an independent company in 1992 and has its headquarters in Calgary, Alberta, Canada. Talisman is listed on both the Toronto and New York stock exchanges under the symbol TLM. Talisman is also part of the S&P/TSX 60 index. The Company had an enterprise value (market value of common shares plus book value of debt) of approximately $25 billion, with 1,064 million shares outstanding at December 31, 2006. Talisman is committed to conducting its business in an ethically, socially and environmentally responsible manner. The Company is a participant in the United Nations Global Compact and is also included in the Dow Jones Sustainability North America Index and Jantzi Social Index.