TESORO GOLD LTD — Proxy Solicitation & Information Statement 2004

Sep 16, 2004

PROXY FORM

vanEyk Three Mars

A.B.N. 91 106 854 175

All correspondence to: Registries Limited P O Box R67 Royal Exchange, Sydney NSW 1223 Enquiries (within Australia) 02 9290 9600 (outside Australia) 61 2 9290 9600 Facsimile 61 2 9279 0664 www.registriesltd.com.au

Mark this box with an 'X' if you want to make any changes to your address details (see reverse)

Appointment of Proxy

I/We being a member/s of van Eyk Three Pillars Limited and entitled to attend and vote hereby appoint

The Chairman of the General Meeting OR (mark with an $\overline{X''}$ )

Write here the name of the person you are appointing if this person is someone other than the Chairman of the General Meeting.

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Date

or failing the person named, or if no person is named, the Chairman of the General Meeting, as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions (or if no directions have been given, as the proxy sees fit) at the General Meeting of van Eyk Three Pillars Limited to be held at Masonic Centre, 279 Castlereagh Street, Sydney NSW 2000 at 10:00am on Tuesday 19 October 2004 and at any adjournment of such General Meeting.

Voting directions to your proxy - please mark $\boxtimes$ to indicate your directions

	RESOLUTIONS	For	Against	Abstain*
1.	Re-elect Mr Cameron McCullagh as a Director
2.	Re-elect Mr David Davis as a Director

If two proxies are being appointed, the proportion of voting rights this proxy represents is:

* If you mark the Abstain box for a particular item, you are directing your proxy not to vote on your behalf on a show of hands or on a poll and your votes will not be counted in computing the required majority on a poll.

		PLEASE SIGN HERE

Contact Name

This section must be signed in accordance with the instructions overleaf to enable your directions to be implemented.

Individual or Shareholder 1	Toint Shareholder 2	Joint Shareholder 3
Sole Director and Sole Company Secretary	Director	Director / Company Secretary

Contact Daytime Telephone

INSTRUCTIONS FOR COMPLETING PROXY FORM

• $\mathbf{1}$ . Your pre-printed name and address is as it appears on the share register of van Eyk Three Pillars Limited. If this information is incorrect, please mark the box at the top of the proxy form and make the correction on the form. Securityholders sponsored by a broker should advise their broker of any changes. Please note, you cannot change ownership of your securities using this form.
• $\overline{2}$ . Completion of a proxy form will not prevent individual shareholders from attending the General Meeting in person if they wish. Where a shareholder completes and lodges a valid proxy form and attends the General Meeting in person, then the proxy's authority to speak and vote for that shareholder is suspended while the shareholder is present at the General Meeting.
• A shareholder of the Company entitled to attend and vote is entitled to appoint not more than two proxies. 3. Where more than one proxy is appointed, each proxy must be appointed to represent a specified proportion of the shareholder's voting rights. If the shareholder appoints two proxies and the appointment does not specify this proportion, each proxy may exercise half of the votes.
• $4.$ A proxy need not be a shareholder of the Company.
• 1. If you mark the abstain box for a particular item, you are directing your proxy not to vote on that item on a show of hands or on a poll and that your shares are not to be counted in computing the required majority on a poll.
• 1. If a representative of a company shareholder is to attend the General Meeting, a properly executed original (or certified copy) of the appropriate "Certificate of Appointment of Corporate Representative" should be produced for admission to the General Meeting. Previously lodged "Certificates of Appointment of Corporate Representative" will be disregarded by the Company.
• $7.$ If a representative as Power of Attorney of a shareholder is to attend the meeting, a properly executed original (or certified copy) of an appropriate Power of Attorney should be produced for admission to the General Meeting, Previously lodged Powers of Attorney will be disregarded by the Company.

8. Signing Instructions

You must sign this form as follows in the spaces provided:

Individual:	Where the holding is in one name, the holder must sign.
Joint Holding:	Where the holding is in more than one name, all of the shareholders should sign,
Power of Attorney:	If you are signing under a Power of Attorney, you must lodge an original or certified photocopy of the appropriate Power of Attorney with your completed Proxy Form.
Companies:	Where the company has a Sole Director who is also the Sole Company Secretary, this form must be signed by that person.
	If the company (pursuant to section 204A of the Corporations Act 2001) does not have a Company Secretary, a Sole Director can also sign alone.
	Otherwise this form must be signed by a Director jointly with either another Director or a Company Secretary. Please indicate the office held by signing in the appropriate place.

9. Lodgment of a Proxy

This Proxy Form (and any Power of Attorney under which it is signed) must be received at the address below not later than 10:00am on Sunday 17 October 2004 (48 hours before the commencement of the meeting). Any Proxy Form received after that time will not be valid for the scheduled meeting.

Proxy Forms may be lodged:

n and an annual

by posting, delivery or facsimile to the addresses below:

Registries Limited
PO Box R67	Level 2
Royal Exchange	28 Margaret Street
Sydney NSW 1223	Sydney NSW 2000	Facsimile: +6

1292790664