TESORO GOLD LTD — Fund Information / Factsheet 2014

Oct 13, 2014

Continuation Investments Limited

CAPITAL STRUCTURE

NET TANGIBLE ASSETS AS AT 30 SEPTEMBER 2014

	30 SEPTEMBER 2014
	Cents
Gross Tangible Asset backing1	7.18
Deferred tax asset on realised tax losses	-
NTA after tax on realised income/gains and/or losses	7.18
Deferred tax asset / (liability) on unrealised positions	-
NTA after tax on unrealised gains and/or losses	7.18

1. Gross Tangible Asset Backing:

2. includes investments at current market value less associated selling costs

Shares: 19.86m Options: 2.25m Cash: $1.48m (June 2014) Debt: Nil

BOARD & MANAGEMENT

Mr Jeremy King Chairman

Mr Andrew Worland Non-Executive Director

Mr David Church Non-Executive Director

Ms Sarah Smith Company Secretary

REGISTERED OFFICE 945 Wellington Street West Perth WA 6005

• is before Deferred Tax Asset on realised tax losses

• is before any Deferred Tax on unrealised investment gains/losses

CONTACT DETAILS Tel: +61 8 9322 7600 Fax: +61 8 9322 7602

Comments:

The Net Tangible Assets quoted above are based on unaudited financial accounts.

As announced on 25 September 2014, negotiations in respect of the proposed transaction to acquire a US based medical technologies company have broken down. The Company will update the market as appropriate in this respect.

As part of the normal course, the Company continues to assess investment opportunities with a view to increase in shareholder value.

SHARE REGISTRY Automic Registry Services 7 Ventnor Avenue West Perth WA 6005

ASX CODE COT

Please note that in addition to the net assets noted above, which equate to $1.426 million the Company also holds approximately $197,000 of cash to which it is not entitled, being unpresented cheques from past distributions.

The Company earns interest on such unclaimed monies until they are claimed or passed to the relevant authorities, as unclaimed monies.

For and on behalf o f the Board

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Jeremy K ing Chairm a n