TESORO GOLD LTD — Investor Presentation 2022

Mar 29, 2022

A S X A N N O U N C E M E N T

3 0 M A R C H 2 0 2 2

ASX: TSO | ACN 106 854 175

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Webinar Invitation to Shareholders

Outstanding Gold Drilling Results from Ternera Gold Deposit at El Zorro Gold Project

Tesoro Resources Limited (ASX: TSO , OTCQB: TSORF , the Company) is pleased to invite shareholders to a webinar presentation and discussion on the recently announced drilling results from the Ternera Gold Deposit ( Ternera ) confirming significant growth potential of the El Zorro Gold Project (refer to ASX announcement on 30 March 2022).

• Spectacular Gold Intercepts at El Zorro Gold Project, including:

• 63.93m @ 7.61g/t Au including 7.00m @ 66.10g/t Au; and

• 63.60m @ 2.89g/t Au including 10.60m @ 14.34g/t Au

• All holes returned multiple wide gold intercepts from high grade gold zones, providing significant scope for additional gold resources to be added.

Managing Director Zeff Reeves will conduct a webinar presentation on the latest results at Ternera via Zoom on Thursday, 31 March 2022 at 2:00pm AEDT/11:00am WST. Registration via the link below:

When: Thursday, 31 March 2022 Time: 2:00pm AEDT/11:00am WST Register : https://us02web.zoom.us/webinar/register/WN_jet5EyvtRqeNbiTgAumrpA

Authorised by the Managing Director of Tesoro Resources Limited.

For more information:

Company:

Investors:

Zeff Reeves, Managing Director Peter Taylor Tesoro Resources Limited NWR Communications +61 8 9322 1587 +61 (0) 412 036 231 peter@nwrcommunications.com.au

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Zeffron Reeves (B App Sc (Hons) Applied Geology) MBA, MAIG). Mr Reeves is a member of the Australian Institute of Geoscientists and a Director and shareholder of the Company. Mr Reeves has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Reeves consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

1 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au