Talisman Energy Announces Agreement to Sell Non-Core Saskatchewan Assets for $720 Million

TIDMAN26

FOR: TALISMAN ENERGY INC.

TSX, NYSE SYMBOL: TLM

March 4, 2009

Talisman Energy Announces Agreement to Sell Non-Core Saskatchewan Assets for $720 Million

CALGARY, ALBERTA--(Marketwire - March 4, 2009) - (TSX:TLM) (NYSE:TLM) Talisman Energy Canada and its affiliate,
Fortuna (US) L.P., (collectively, Talisman) have entered into an agreement with Crescent Point Resources L.P
and TOG Partnership, an affiliate of Tristar Oil & Gas Ltd., who will purchase Talisman's southeast
Saskatchewan and Daniels County, Montana assets for total proceeds of approximately C$720 million.

"This is in keeping with our strategic objective to focus Talisman's portfolio on material, core assets," said
John A. Manzoni, President and Chief Executive Officer. "Although southeast Saskatchewan has been part of our
legacy, the majority of our capital spending and effort in North America going forward will be deployed to
accelerate success in our unconventional natural gas plays."

The sale includes approximately 610,000 net acres of land (73% in southeast Saskatchewan, including fee title
lands) with approximately 8,500 boe/d of net production, as well as Talisman owned and operated infrastructure.
An independent, NI-51-101 compliant reserves report by AJM Petroleum Consultants dated March 2, 2009, estimated
proved reserves at 20.1 mmboe and proved plus probable reserves at 34.1 mmboe (before royalties, net to
Talisman). The sale is subject to regulatory approval, with an expected closing date of June 1, 2009.

FirstEnergy Capital Corp. has acted as exclusive advisor to Talisman in connection with this transaction.

Talisman Energy Inc. is an independent upstream oil and gas company headquartered in Calgary, Alberta, Canada.
Talisman has operations in Canada and its subsidiaries operate in the UK, Norway, Southeast Asia, North Africa
and the United States. Talisman's subsidiaries are also active in a number of other international areas.
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 included in the Dow Jones
Sustainability (North America) Index. Talisman's shares are listed on the Toronto Stock Exchange in Canada and
the New York Stock Exchange in the United States under the symbol TLM.

Forward-Looking Information

This press release contains information that constitutes "forward-looking information" or "forward-looking
statements" (collectively "forward-looking information") within the meaning of applicable securities
legislation. This forward-looking information includes, among others, statements regarding: business strategy
and plans; expected sale of a subsidiary of Talisman and timing; and other expectations, beliefs, plans, goals,
objectives, assumptions, information and statements about possible future events, conditions, results of
operations or performance.

The completion of any contemplated disposition is contingent on various factors, including market conditions,
the ability of the Company to negotiate acceptable terms of sale and receipt of any required approvals for such
dispositions.

Undue reliance should not be placed on forward-looking information. Forward-looking information is based on
current expectations, estimates and projections that involve a number of risks which could cause actual results
to vary and in some instances to differ materially from those anticipated by Talisman and described in the
forward-looking information contained in this press release. The material risk factors include, but are not
limited to uncertainties as to the availability and cost of financing and changes in capital markets, the
possibility that government policies or laws may change or governmental approvals may be delayed or withheld
and the abilities of the parties to complete the transactions generally.

The foregoing list of risk factors is not exhaustive. Additional information on these and other factors which
could affect the Company's operations or financial results are included in the Company's most recent Annual
Information Form and Annual Financial Report. In addition, information is available in the Company's other
reports on file with Canadian securities regulatory authorities and the United States Securities and Exchange
Commission (SEC).

Forward-looking information is based on the estimates and opinions of the Company's management at the time the
information is presented. The Company assumes no obligation to update forward-looking information should
circumstances or management's estimates or opinions change, except as required by law.

BOE Conversion

Throughout this press release, the calculation of barrels of oil equivalent (boe) is at a conversion rate of
six thousand cubic feet (mcf) of natural gas for one barrel of oil for, based on an energy equivalence
conversion method. Boe may be misleading, particularly if used in isolation. An boe conversion ratio of 6 mcf:1
bbl is based on an energy equivalence conversion method primarily applicable at the burner tip and does not
represent a value equivalence at the wellhead.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Talisman Energy Inc. - Media and General Inquiries
David Mann, Vice-President,
Corporate & Investor Communications
(403) 237-1196
(403) 237-1210 (FAX)
Email: tlm@talisman-energy.com
Website: www.talisman-energy.com

Talisman Energy Inc. - Shareholder and Investor Inquiries
Christopher J. LeGallais, Vice-President,
Investor Relations
(403) 237-1957
(403) 237-1210 (FAX)
Email: tlm@talisman-energy.com
Website: www.talisman-energy.com

INDUSTRY: Energy and Utilities-Oil and Gas
SUBJECT: TMN

Talisman Energy Inc.

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