TESORO GOLD LTD — M&A Activity 2013

Aug 21, 2013

CONTINUATION INVESTMENTS LIMITED

22 August 2013

Manager of Company Announcements ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

By E-Lodgement

UPDATE – PROPORTIONAL TAKEOVER OFFER

Continuation Investments Limited (ASX: COT) notes that DMX Corporation Limited ( DMX ) has issued a statement advising that the timetable for the unsolicited proportional takeover offer for 66.67% of the ordinary shares of COT has been delayed significantly.

The Bidder’s Statement lodged with the Company on 12 August 2013 contained a timetable that was not compliant with the Corporations Act (2001). It incorrectly stated that the Offer was open from 12 August 2013.

For clarification purposes, the bid is currently NOT OPEN . DMX have advised that the Offer will be open on or before 9 September 2013.

Due to the fact that this is a proportional takeover bid, ASX will establish a deferred settlement “Ex Offer” market in COT’s ordinary shares (ASX Code: COTE), which is essentially the proportion of shares not capable of acceptance of the DMX Proportional Bid. These shares represent the “remaining balance” shares retained by shareholders who have accepted the Proportional Bid.

ASX have advised that such “COTE” securities have been suspended pending an announcement from DMX stating the exact offer open date.

COT’s shares otherwise remain freely tradeable.

For and on Behalf of the Board

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Jeremy King Director

Continuation Investments Limited 945 Wellington Street WEST PERTH WA 6005 ABN 91 106 854 175 phone: (08) 9322 7600 fax: (08) 9322 7602 email: reception@grangeconsulting.com.au