CALGARY, ALBERTA--(Marketwire - Dec. 13, 2011) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) announced today it has completed the sale to a syndicate of underwriters led by RBC Capital Markets and CIBC of 8,000,000 Cumulative Redeemable Rate Reset First Preferred Shares, Series 1 at a price of CAD$25.00 per share, pursuant to its previously announced public offering of the preferred shares in Canada.

Talisman Energy Inc. is a global, diversified, upstream oil and gas company, headquartered in Canada. Talisman's three main operating areas are North America, the North Sea and Southeast Asia. The company also has a portfolio of international exploration opportunities. Talisman is committed to conducting business safely, in a socially and environmentally responsible manner, and is included in the Dow Jones Sustainability (North America) Index. Talisman is listed on the Toronto and New York stock exchanges under the symbol TLM. Please visit our website at www.talisman-energy.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

David Mann, Vice-President,
Talisman Energy Inc.
Corporate & Investor Communications
403-237-1196
403-237-1210 (FAX)
tlm@talisman-energy.com
www.talisman-energy.com

OR

Anil Aggarwala, Manager
Talisman Energy Inc.
Investor Relations
403-237-1145
403-237-1210 (FAX)
tlm@talisman-energy.com
www.talisman-energy.com