TESORO GOLD LTD — AGM Information 2004

Sep 16, 2004

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the First Annual General Meeting of members will be held at Masonic Centre, 279 Castlereagh Street, Sydney NSW 2000, on Tuesday 19th October 2004 at 10:00am.

ORDINARY BUSINESS

Financial Report

1. To receive and consider the financial report of the Company for the period ended 30 June 2004 and the reports by directors and auditors thereon.

Re-election of directors

1. To elect Mr Cameron McCullagh who retires in accordance with the Company's Constitution and being eligible, offers himself for re-election.

To elect Mr David Davis who retires in accordance with the Company's Constitution and being eligible, offers himself for re-election.

Dividend

1. To ratify a fully franked dividend of 1.5 cents per share on ordinary shares.

PROXIES

A member entitled to attend and vote is entitled to appoint not more than two proxies, who need not be members of the Company. Where a member appoints more than one proxy, each proxy must be appointed to represent a specified proportion of the member's voting rights. Where a member appoints two proxies but fails to specify the proportion of votes the two proxies are to exercise, each proxy may exercise half the votes of the member.

Proxies must be returned to the Company's share registry, Registries Limited, Level 2, 28 Margaret Street. Sydney NSW 2000 or sent by facsimile to (612) 9279 0664 no later than 48 hours before the meeting.

By order of the Board

P.A. ROBERTS Company Secretary 20^th August, 2004