TESORO GOLD LTD — Capital/Financing Update 2015

Nov 30, 2015

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COMPLETION OF THE ACQUISITION OF PLUKKA AND RE-COMPLIANCE CONFIRMATIONS

Change of Company Name and ASX code

Continuation Investments Limited has changed its name to Plukka Limited ( Company or Plukka ) (effective 25 November 2015) as approved by shareholders at the Company’s General Meeting on 15 September 2015.

The Company will be reinstated under the ASX code “PKA”.

Completion of the Public Offer

The Company confirms the successful completion of conditions of the Public Offer and the issue of 50,000,000 Shares raising $10,000,000.

Completion of the Acquisition of Treasure Castle

The Company is pleased to confirm the completion of the acquisition by the Company of 100% of the issued capital of Treasure Castle Holding Limited ( Treasure Castle ) pursuant to the Long Form Share Sale Agreement and the Short Form Share Sale Agreements and the satisfaction of all conditions precedent (including those outlined below) and confirms the issue of the following Consideration Shares to the vendors has occurred:

• 41,617,107 Shares to the Value Train nominees; and

• 31,117,890 Shares to the Minority Shareholders of Treasure Castle.

The Company confirms the following conditions have been completed

• Treasure Castle vendors under the Long Form Share Sale Agreement and the Short Form Share Sale Agreements have waived all pre-emptive and other rights over any Treasure Castle shares conferred by the constituent documents of Treasure Castle, any shareholders’ agreement relating to Treasure Castle or in any other way;

• The conversion of all preference shares in the capital structure of Treasure Castle to ordinary shares in Treasure Castle on a one for one basis has occurred;

• The conversion of all convertible notes in Treasure Castle to ordinary shares in Treasure Castle has occurred; and

• Value Train has waived and forgiven all indebtness of any kind owed to it by the Plukka Group including the loan owed by Treasure Castle to Value Train of $1,398,516.

www.plukka.com

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Capital Structure

The Company confirms it has completed the consolidation of the Company’s share capital on a 4 for 3 basis and that 2,250,000 Company Options ($0.20, 31 December 2015) have been cancelled.

Other Confirmations

The Company confirms

• there have been no material subsequent events to alter the Company’s consolidated statement of financial position as detailed in section 10 of the Prospectus; and

• there are no legal, regulatory or contractual impediments to the Company undertaking the activities the subject of the commitments disclosed in the Prospectus.

Confirmation of compliance with Listing Rules

The Company confirms that it is in compliance with the ASX Listing Rules including Listing Rule 3.1 and that all financial reports have been lodged and there is no outstanding documents required by Listing Rule 17.5.

www.plukka.com