TESORO GOLD LTD — Net Asset Value 2010

Jun 9, 2010

TO: COMPANY ANNOUNCEMENTS OFFICE

COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED FROM: VAN EYK THREE PILLARS LIMITED DATE: 10 June 2010

NO. OF PAGES: 1

8 June 2010 Estimated Net Tangible Assets (NTA)

We hereby provide notification of van Eyk Three Pillars Limited’s estimated net tangible asset backing per ordinary share as at 8 June 2010 .

	8 June 2010	8 June 2010
	Cents	Discount2
Gross Tangible Asset backing1	91	9.3%
Deferred tax asset on realised tax losses	7
NTA after tax on realised income/gains and/or losses	98	15.8%
Deferred tax asset / (liability) on unrealised positions	-
NTA after tax on unrealised gains and/or losses	98	15.8%

1. Gross Tangible Asset Backing:

2. includes investments at current market value less associated selling costs

3. is before Deferred Tax Asset on realised tax losses

4. is before any Deferred Tax on unrealised investment gains/losses

5. Based on 8 June closing share price of 82.5 cents

The Net Tangible Assets quoted above are estimates and are based on unaudited financial accounts.

Brian McGarry Company Secretary

van Eyk Three Pillars Limited ABN 91 106 854 175 Level 37, 2 Park Street, Sydney, NSW, 2000 P 1300 732 413

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