Ternera Infill Drilling Near Completion

• Infill drilling at Ternera Gold Deposit is nearing completion
• Multiple high-grade intercepts confirm continuity and grade distribution
• Focus to shift to new discovery drilling targeting additional mineralisation

Tesoro Gold Limited reports the latest infill drilling results from the Ternera Gold Deposit, part of the El Zorro Gold Project in Chile. The drilling has returned multiple thick, high-grade intercepts, confirming the continuity and grade distribution of mineralisation. With infill drilling nearing completion, the focus will shift to new discovery drilling targeting additional mineralisation at multiple high-priority prospects across the 40km-long gold corridor. The final results will be incorporated into an updated Mineral Resource Estimate and support the declaration of a near-term maiden Ore Reserve for Ternera.