TESORO GOLD LTD — Net Asset Value 2006

Apr 11, 2006

vantiyk Three Milare

TO:	COMPANY ANNOUNCEMENTS OFFICE
COMPANY: I	AUSTRALIAN STOCK EXCHANGE LIMITED
FROM:	VAN EYK THREE PILLARS LIMITED.
DATE:	12 April 2006

NO. OF PAGES: 1

Notification of Net Tangible Assets

We hereby provide notification of van Eyk Three Pillars Limited's net tangible asset backing per ordinary share as at the close of the last month.

Net Tangible Asset Backing per Ordinary Share
Month End	March 2006
Gross Tangible Asset Backing (prior to deferred tax)	\$1.35
Less Net Deferred Tax	$($ \$0.10 $)$
Net Tangible Asset Backing	\$1.25

Net tangible asset backing includes investments at current market value less associated selling costs and provision for tax at 30%.

P. Roberts Company Secretary

Van Eyk Three Pillars Limited ABN: ABN 91 106 854 175