TESORO GOLD LTD — Share Issue/Capital Change 2024

Jan 31, 2024

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

TESORO GOLD LTD

Date of this announcement

Thursday February 01, 2024

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Share Rights, expiring five years from the date of	253,378	01/02/2024
to be confirmed	issue

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

TESORO GOLD LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

91106854175

1.3 ASX issuer code

TSO

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/2/2024

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code New class - code to be confirmed	+Security description Share Rights, expiring five years from the date of issue
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 1/2/2024

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Linton Putland	Mr Linton John Putland and Ms Karen Suzanne Putland A/C>	253,378

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://stocknessmonster.com/announcements/tso.asx-6A1118111/

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://stocknessmonster.com/announcements/tso.asx-6A1118111/

Any other information the entity wishes to provide about the +securities the subject of this notification

The Share Rights are issued under the Company's salary sacrifice plan.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

253,378

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
TSO : ORDINARY FULLY PAID	1,229,580,708
TSOO : OPTION EXPIRING 07-JUL-2025	60,256,162
TSOOA : OPTION EXPIRING 13-DEC-2025	136,298,991
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted	on ASX)
	Total number of
ASX +security code and description	+securities on issue
TSOAB : PERFORMANCE RIGHTS	59,236,470
TSOAD : SHARE RIGHTS	1,038,917
TSOAE : OPTION EXPIRING 16-JAN-2026 EX $0.027	2,000,000
New class - code to be confirmed : Share Rights, expiring five years from the date of issue	253,378

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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