TESORO GOLD LTD — Capital/Financing Update 2007

Sep 27, 2007

TO: COMPANY ANNOUNCEMENTS OFFICE

COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED

FROM: VAN EYK THREE PILLARS LIMITED

DATE: 28 September 2007

NO. OF PAGES: 2

Refund cheques for oversubscribed rights issue

Recently, shareholders were given the option to apply for additional shares in van Eyk Three Pillars Limited’s 1 for 4 Renounceable Rights Issue. This part of the offer was significantly oversubscribed. As a result, the following document along with refund cheques is being mailed out today.

P. Roberts Company Secretary

van Eyk Three Pillars Limited ABN 91 106 854 175

Level 7, 20 Hunter St, Sydney NSW 2000 GPO Box 5482, Sydney NSW 2001 P (02) 8236 7701 F (02) 9221 1194

www.vaneyk.com.au www.threepillars.vaneyk.com.au

All Correspondence to: Registries Limited PO Box R67 Royal Exchange Sydney NSW 1223 Enquiries: 61 2 9290 9600 Facsimile: 61 2 9279 0664 www.registries.com.au registries@registries.com.au

van Eyk Three Pillars Limited – Renounceable Rights Issue

As a part of the recent van Eyk Three Pillars Limited 1 for 4 Renounceable Rights Issue shareholders were given the option to apply for additional shares. This part of the offer was significantly oversubscribed and as a result, we advise that your application for additional shares has been scaled back. This scale back of entitlements was done on a pro rata basis and represents approximately 58% of shares applied for.

Your application refund cheque is attached.

Payment date September 2007 Cheque No Reference No

No of shares scaled back

Price per share $1.09 Cheque amount

Please retain this information for your records.

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ABN 14 003 209 836 Registry Management Services

PO Box R67, Level 2, 28 Margaret St Tel: + 61 2 9290 9600 Royal Exchange NSW 1223 Sydney NSW 2000 Fax: + 61 2 9279 0664

www.registriesltd.com.au registries@registriesltd.com.au