• Completed resource-definition drilling at Ternera Gold Deposit with high-grade gold intercepts
• Advanced Definitive Feasibility Study (DFS) workstreams for El Zorro Gold Project
• Expanded in-country presence with new Chile office and strategic alliance with STRACON
• Strong financial position with A$15.29 million in cash and cash equivalents as at 30 June 2026
• Completed Unmarketable Parcel Share Sale Facility (SSF) reducing administrative costs

Tesoro Gold Ltd has made significant progress in the quarter ended June 30, 2026, advancing its El Zorro Gold Project in Chile. The company completed resource-definition drilling at the Ternera Gold Deposit, returning high-grade gold intercepts. Definitive Feasibility Study (DFS) workstreams were materially advanced, and the company expanded its in-country presence with a new Chile office and a strategic alliance with STRACON. Financially, the company remains strong with A$15.29 million in cash and cash equivalents and zero debt as at June 30, 2026. The company also completed the Unmarketable Parcel Share Sale Facility (SSF), reducing administrative costs.

DFS completion planned by end of CY2026

Tesoro Gold Ltd expects to complete the DFS by the end of CY2026 and continue exploration and development activities to enhance the project's value.