TESORO GOLD LTD — Director's Dealing 2005

May 29, 2005

VAN EYK THREE PILLARS LIMITED

ABN 91-106-854-175

ASX Listing Rule 3.19A.2

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST NOTICE

Information or documents not available now must be given to ASX as soon as possible. Information and documents given
to ASX become ASX's property and may be made public.

Company Details

Van Eyk Three Pillars Limited

91 106 854 175

ABN:

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Director: Date of last Notice:

Name of Director:	David John Iiffe
ite of last Notice:	09/02/04

PART 1 - Change of director's relevant interest in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust.

Direct or Indirect Interest:	Indirect
Nature of Indirect Interest*:	As detailed below.
Date of Change:	23/05/05
No Securities Held Prior to Change:	Director of: Nelrose Investments Pty Ltd	50,000 FULLY PAID ORDINARY SHARES 50,000 OPTIONS
Class:	As above
Number Acquired:	Employer's Mutual Limited Nelrose Investments Pty Ltd Employer's Mutual Limited	750,000 OPTIONS 50,000 FULLY PAID ORDINARY SHARES 750,000 FULLY PAID ORDINARY SHARES
Number Disposed:	Nelrose Investments Pty Ltd Employer's Mutual Limited	50,000 OPTIONS 750,000 OPTIONS
Value or Consideration**	\$800.750
No Securities Held after Change:	Director of: Nelrose Investments Pty Ltd Employer's Mutual Limited	100,000 FULLY PAID ORDINARY SHARES 750,000 FULLY PAID ORDINARY SHARES

VAN EYK THREE PILLARS LIMITED

ABN 91-106-854-175

ASX Listing Rule 3.19A.2

Nature of Change***: Off-market trade and exercise of options for Employer's Mutual Limited Exercise of options for Nelrose Investments Pty Ltd

*Provide details of the circumstances giving rise to the relevant interest

** If consideration is non-cash, provide details and estimated valuation.

*** Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back.

PART 2 - Change of director's interests in contracts

* To which interest related prior to change. Note: Details are only required for a contract in relation to which the interest has changed.

** If consideration in non-cash, provide details and an estimated valuation.