TESORO GOLD LTD — Capital/Financing Update 2022

Oct 10, 2022

Sign up HERE to our Investor Hub

ASX: TSO OTCQB: TSORF

ASX ANNOUNCEMENT

11 OCTOBER 2022

Secondary Trading Notice

Following today’s issue of 18,500,000 fully paid ordinary shares ( Shares ), Tesoro Gold Limited (“Tesoro” or “the Company”) (ASX:TSO, OTCQB:TSORF) provides the following notice:

Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this Notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) As at the date of this Notice there is no information:

• (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• (ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • (B) the rights and liabilities attaching to the relevant Shares.

Authorised by the Board of Tesoro Gold Ltd.

For more information: Company : Zeff Reeves, Managing Director Tesoro Gold Limited info@tesorogold.com.au

Investor Relations: Evan Smith Advisir Evan.smith@advisir.com.au

About Tesoro

Tesoro Gold Limited was established with a strategy of acquiring, exploring, and developing mining projects in the Coastal Cordillera region of Chile. The Coastal Cordillera region is host to multiple world class copper and gold mines, has well established infrastructure, service providers and an experienced mining workforce. Large areas of the Coastal Cordillera remain unexplored due to the unconsolidated nature of mining concession ownership, but Tesoro, via its in-country network and experience has been able secure rights to a district scale gold project in-line with the Company’s strategy. Tesoro’s 95% owned Chilean subsidiary owns 85% of the El Zorro Gold Project.

==> picture [114 x 169] intentionally omitted <==

1

info@tesorogold.com.au Suite 5, 62 Ord Street, West Perth WA 6005 61 8 9322 1587