TESORO GOLD LTD — Capital/Financing Update 2021

Oct 24, 2021

Market Announcement

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25 October 2021

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Tesoro Resources Limited (ASX: TSO) – Trading Halt

Description

The securities of Tesoro Resources Limited (‘TSO’) will be placed in trading halt at the request of TSO, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 27 October 2021 or when the announcement is released to the market.

Issued by

Raj Logarajah

Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

25 October 2021 ASX Limited

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25 October 2021

Belinda Giles ASX Limited Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

By email: belinda.giles@asx.com.au and tradinghaltsperth@asx.com.au

Dear Belinda

Tesoro Resources Limited (ASX: TSO) – Request for trading halt

Pursuant to ASX Listing Rule 17.1, Tesoro Resources Limited ( Company ) requests an immediate trading halt be granted by ASX in respect of its ordinary shares.

The trading halt is requested pending an announcement on a proposed capital raising to be conducted by the Company ( Announcement ). In accordance with ASX Listing Rule 17.1, the Company provides the following information:

1. Reason for trading halt – the trading halt is requested pending the release of the Announcement.

2. Duration of the trading halt – the Company anticipates that the trading halt will remain in place until the earlier of such time as it makes the Announcement and the commencement of trading on Wednesday, 27 October 2021.

3. Termination of the trading halt – the Company anticipates that the trading halt will cease upon it releasing the Announcement.

4. No reason – the Company is not aware of any reason the trading halt should not be granted.

5. Further information – the Company is not aware of any other information to inform the market about the trading halt.

Yours sincerely

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Shannon Coates Company Secretary

ABN 91 106 854 175 | +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005