N E W S   R E L E A S E

TALISMAN ENERGY SHAREHOLDERS APPROVE

THREE-FOR-ONE SHARE SPLIT

CALGARY, Alberta, May 9, 2006 – At the Talisman Energy Inc. annual and special meeting of shareholders held earlier today, shareholders voted overwhelmingly in favour of amending the Company's Articles to effect a three for one subdivision, or "share split", of its issued and outstanding common shares.  

It is currently expected that share certificates representing the additional shares resulting from the share split will be mailed on May 30, 2006 to shareholders of record as of the close of business on May 25, 2006.  

Talisman's Board of Directors believe that the share split will encourage greater market liquidity and wider distribution among retail investors, as a lower share price makes a "board lot" (100 shares) more affordable.

Talisman Energy Inc. is a large, independent upstream oil and gas company headquartered in Calgary, Alberta, Canada.  Talisman has operations in Canada and its subsidiaries operate in the North Sea, Southeast Asia, Australia, North Africa, the United States and Trinidad and Tobago. Talisman’s subsidiaries are also active in a number of other international areas, including Colombia, Gabon, Peru, Romania and Qatar.  Talisman is committed to conducting its business in an ethically, socially and environmentally responsible manner and is a participant in the United Nations Global Compact, a voluntary initiative that brings together companies, governments, civil society and other groups to advance human rights, labour and environmental principles. 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.

For further information, please contact:

David Mann, Senior Manager, Corporate &

Investor Communications

Phone:

403-237-1196

Fax:

403-237-1210

Email:

tlm@talisman-energy.com

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