TESORO GOLD LTD — Director's Dealing 2005

May 11, 2005

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.

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:

Date of last Notice:

Cameron McCullagh 23 September 2004

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 Inferest:	Indirect
Nature of Indirect Interest (including registered holder)*:	As detailed below
Date of Change:	11 May 2005
No. Securities Held Prior to Change:	Director of: CSM Investments Pty Ltd ASWIG Administration Pty Ltd GEGM Investments Pty Ltd Indirect interest in holding of: Angus McCullagh Lexie McCullagh Finn McCullagh Director of: CSM Investments Pty Ltd ASWIG Administration Pty Ltd Indirect interest in holding of: Angus McCullagh Lexie McCullagh Finn McCullagh	500,000 ORDINARY FULLY PAID SHARES 190,000 ORDINARY FULLY PAID SHARES 310,938 ORDINARY FULLY PAID SHARES 10,000 ORDINARY FULLY PAID SHARES 10,000 ORDINARY FULLY PAID SHARES 10,000 ORDINARY FULLY PAID SHARES Total ordinary shares held 1,030,938 500,000 OPTIONS 190,000 OPTIONS 10,000 OPTIONS 10,000 OPTIONS 10,000 OPTIONS Total options held 720,000
Class:	Options
Number Acquired:	250,000
Number Disposed:	Nil

Value or Consideration**	\$540
No. Securities Held after Change:	Director of: CSM Investments Pty Ltd ASWIG Administration Pty Ltd GEGM Investments Pty Ltd Indirect interest in holding of: Angus McCullagh Lexie McCullagh Finn McCullagh Director of: CSM Investments Pty Ltd ASWIG Administration Pty Ltd White Funds Management Administration Pty Ltd Indirect interest in holding of: Angus McCullagh Lexie McCullagh Finn McCullagh	500,000 ORDINARY FULLY PAID SHARES 190,000 ORDINARY FULLY PAID SHARES 310,938 ORDINARY FULLY PAID SHARES 10,000 ORDINARY FULLY PAID SHARES 10,000 ORDINARY FULLY PAID SHARES 10,000 ORDINARY FULLY PAID SHARES Total ordinary shares held 1,030,938 500,000 OPTIONS 190,000 OPTIONS 250,000 OPTIONS 10,000 OPTIONS 10,000 OPTIONS 10,000 OPTIONS Total options held 970,000
Nature of Change***:	On-market trade

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

** If consideration is non-cash, provide details and estimated valuation.
** If consideration is non-cash, provide details and estimated valuation.
*** Example: on-market trade, off-market trade, exercise of options, issue plan, participation in buy-back.

PART2-Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director", should be disclosed in this part.

Detail of Contract:
Nature of Interest:
Name of Registered Holder:
Date of Change:
No. & Class of securities*:
Interest Acquired:
Interest Disposed:
Value Consideration**
Interest After Change:

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

Interest has changed.

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