TESORO GOLD LTD — Board/Management Information 2017

Jan 2, 2017

3 January 2017

ASX: PKA

MANAGING DIRECTOR REMUNERATION AND BOARD CHANGES

The Board of Plukka Limited (“ Plukka ” or the “ Company ”) advises it has amended the salary for Managing Director and Chief Executive Officer Ms Natalia Obolensky to US$20,000 per month effective 1 January 2017.

The increase of US$5,000 per month is the first amendment to Natalia’s salary since she joined the Company as Chief Operating Officer in March 2016. Natalia has worked tirelessly building a foundation for sustainable sales performance by expanding the product offering, price points and creating proprietary positions – highlighted by the Plukka essentials collection, building partnerships to vertically integrate between designers, manufacturers and consumers, improving marketing expenditure return on investment and significantly reducing company overheads. The increased salary recognizes the additional duties and commitments Natalia has taken on since her appointment as Managing Director and Chief Executive Officer.

The directors also advise that Mr Francis Gouten, has informed the Board of his intention to retire from the Board as of 31 January 2017. Francis will remain a valued advisor to the Board and the Executive Management team as required. The Board thanks Francis for his service. Existing Director Andrew Worland has agreed to Chair the Company for no additional directors fees (currently $2,000 per month) save for any services he may provide outside of those typical for the position.

For more information, please contact:

Natalia Obolensky natalia@plukka.com Managing Director

Charly Duffy charly@cdplus.com.au Director / Company Secretary

About PLUKKA

Plukka is a global, bricks and clicks retailer for creative and fashion-forward fine jewelry. Founded in 2011 as a discovery machine for jewellery, Plukka has evolved into a sophisticated ecommerce platform, supported by offline retail operations, that is actively disrupting the highly fragmented, but growing jewellery market world-wide. The majority of the collections on the website are priced between US$500 and US$2,000, but all feature stylish, edgy pieces which are true style signifiers and have been embraced by the press and celebrities world-wide. The collection, including rings, earrings, bracelets and necklaces, is made of precious and semi-precious stones, 14K or 18K gold, as well as other precious metals.

With industry spending forecast to reach $370B in 20201, and with 10% of spending shifting to online, Plukka is uniquely positioned to capture this new and dynamic jewellery market. Additionally, Plukka is one of the first creative fine jewellery retailers to vertically integrate through strategic partnerships and ensure that the jewellery designs are customer-centric, rather than product driven. www.plukka.com