TESORO GOLD LTD — Capital/Financing Update 2011

Sep 7, 2011

TO: COMPANY ANNOUNCEMENTS OFFICE COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED FROM: VAN EYK THREE PILLARS LIMITED DATE: 8 September 2011

NO. OF PAGES: 1

PORTFOLIO UPDATE

Due to continued market volatility, global economic uncertainty and the upcoming off market buyback, the Board has decided to sell a portion of van Eyk Three Pillars Limited (VTP) holding in Vanguard Australia Shares Index ETF (VAS) over today and tomorrow. Post the sell down, the estimated gross assets of VTP will approximately be 50% in cash and 50% invested in VAS.

van Eyk Three Pillars Limited ABN 91 106 854 175 PO Box 767, Crows Nest, NSW 1585 P 1300 732 413 www.threepillars.vaneyk.com.au