TESORO GOLD LTD — Share Issue/Capital Change 2007

Dec 17, 2007

TO: COMPANY ANNOUNCEMENTS OFFICE

COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED

FROM: VAN EYK THREE PILLARS LIMITED

DATE: 18th December 2007

NO. OF PAGES: 1

DRP Issue Price

van Eyk Three Pillars Limited announces to the market that the applicable price of shares to be issued pursuant to the Dividend Reinvestment Plan Rules for the dividend payable on Wednesday 19 December 2007 is $1.2839 per share (after the 2.5% discount).

The amount subscribed pursuant to the Dividend Reinvestment Plan was $1,267,265.30

P. 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