TESORO GOLD LTD — Major Shareholding Notification 2008

Jun 30, 2008

+61292211194

page 1/1 13 March 2000 603 GUIDE

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: Company Name/Scheme ACN/ARSN	Emerging Leaders Investment Limited 107 197 795
1. Details of substantial holder (1)
Name	van Eyk Three Pillars Limited
ACN/ARSN (if applicable)	106 854 175 $\cdot$ $\cdot$

The holder became a substantial holder on 30 / 7 / 2008

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary fully paid shares	3 5 27 286	3,527,286	8.47%
Ordinary fully paid shares	3.683.301	3,683,301	8.84%
Ordinary fully paid shares	20,000	20,000	$0.05\%$

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

	Nature of relevant interest (7)	Class and number of securities
Holder of relevant interest		Ordinary fully paid shares, 3,527,286
van Eyk Three Pillars Limited	Relevant interest under section 608(1) of the
	Corporations Act pursuant to the issue of
	shares pursuant to the exercise of options
GEGM Investments Pty Ltd	Relevant interest under section 608(1) of the	Ordinary fully paid shares, 3,683,301
	Corporations Act pursuant to the purchase of
	ordinary shares on market and the issue of
	shares pursuant to the exercise of options
Nelrose Investments Pty Limited as trustee for	Relevant interest under section 608(1) of the	Ordinary fully paid shares, 20,000
Iliffe Superannuation Fund	Corporations Act pursuant to the purchase of
	shares on market.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
van Eyk Three Pillars Limited	van Eyk Three Pillars Limited	van Eyk Three Pillars Limited	Ordinary fully paid shares, 3 5 27 2 86
GEGM Investments Pty Ltd	GEGM Investments Pty Ltd	GEGM Investments Pty Ltd	Ordinary fully paid shares, 3683,301
Nelrose Investments Pty Limited	Nelrose Investments Pty Limited	Nelrose Investments Pty Limited as trustee for liiffe Superannuation Fund	Ordinary fully paid shares 20,000

page 2/1 13 March 2000 603 GUIDE

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
	30/6/2008	\$1 per share		Ordinary fully paid shares,
van Eyk Three Pillars Limited				3.527,286
GEGM Investments Pty Ltd	17/3/2008	Refer to previous		Ordinary fully paid shares.
		notice		3,683,301
Netrose Investments Ply Limited	19/6/2007	\$22,292		Ordinary fully paid shares, 20,000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

للسبابية .
Kabupatèn Propinsi Jawa

Name and ACN/ARSN (if applicable)	Nature of association
GEGM Investments Pty Ltd	CGEGM investments Pty Ltd is an associate of van Eyk Three Pillars Limited by virtue of section
	12(2)(c) of the Corporations Act.
Neirose Investments Pty Limited	SEGM investments Pty Ltd is an associate of van Eyk Three Pillars Limited by virtue of section
	12(2)(c) of the Corporations Act.

7. Addresses

The addresses of the persons named in this form are as follows:

Name	Address
` van Eyk Three Pillars Limited	Level 7, 20 Hunter Street, Sydney NSW_2000
* GEGM Investments Pty Ltd	1 2 Cudgee Street, Turramurra NSW 2074
1 Netrose Investments Pty Limited	Level 7, 20 Hunter Street, Sydney NSW 2000

Signature

print name	PETER ROBERT)	capacity COMPANY SECRETARY
sign here		1.7.08 date

+61292211194

P007/007 F-372 T-259

603 GUIDE page 3/1 13 March 2000

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg, a corporation and its related corporations, or the manager and trustee $(1)$ of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voting shares of a company constitute one class unless divided into separate classes. $(4)$
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a $(5)$ relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
  • any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document $(a)$ setting out the terms of the relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
  • any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write "unknown". $(8)$

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, $(9)$ become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.