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)*:	Director of White Funds Management Administration Pty Limited (registered holder of options)
Date of Change:	11 May 2005
No. Securities Held Prior to Change:	720,000
Class:	Options (VTPO)
Number Acquired:	250,000
Number Disposed:	Nil
Value or Consideration**	\$540
No. Securities Held after Change:	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.

*** 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

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.

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