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TESORO GOLD LTD Net Asset Value 2008

Oct 13, 2008

65957_rns_2008-10-13_689febec-308c-47cc-b3e7-77d47e19508e.pdf

Net Asset Value

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TO: COMPANY ANNOUNCEMENTS OFFICE

COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED

FROM: VAN EYK THREE PILLARS LIMITED

DATE: 14 October 2008

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.

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Net Tangible Asset Backing per Ordinary Share
Month End September 2008
Gross Tangible Asset Backing $1.00
(prior to deferred tax)
Less Net Deferred Tax ($0.00)
Net Tangible Asset Backing $1.00
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*This amount is net of any current tax liabilities.

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

Peter Roberts Company Secretary

van Eyk Three Pillars Limited ABN 91 106 854 175

Level 7, 20 Hunter St, Sydney NSW 2000 GPO Box 5482, Sydney NSW 2001 P (02) 8236 7701 F (02) 9221 1194

www.vaneyk.com.au www.threepillars.vaneyk.com.au