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

Name of Entity:

Van Eyk Three Pillars Limited

ABN: 91 106 854 175

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.

Name of Director:

David Graham Davis

09/02/04

Date of last Notice:

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*:	Davis Superannuation Fund
Date of Change:	24/05/05
No. Securities Held Prior to Change:	20,000 FULLY PAID ORDINARY SHARES 20,000 OPTIONS
Class:	As above.
Number Acquired:	20,000 FULLY PAID ORDINARY SHARES
Number Disposed:	20,000 OPTIONS
Value or Consideration**	\$20,000
No. Securities Held after Change:	40,000 FULLY PAID ORDINARY SHARES
Nature of Change***:	Exercise of options

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

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

VAN EYK THREE PILLARS LIMITED

ABN 91 106 854 175

ASX Listing Rule 3.19A.2 *** 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.