Ann: First Hole from Drone Hill Target Hits High Grade Gold, page-2

First Hole from Drone Hill Target Hits High Grade Gold
11.50m @ 1.13 g/t Au including 1.57m @ 7.37 g/t Au

▪ Assays received for hole ZDDH00095; the first hole drilled into the Drone Hill Target at El Zorro
return positive gold results:
▪ 11.50m @ 1.13 g/t Au from 212.50m including:
▪ 1.57m @ 7.37 g/t Au from 212.50m
▪ Results confirm the potential for additional gold mineralisation outside of the Ternera Gold
Deposit. Additional drilling is currently being planned.
▪ Scale and extent of gold mineralisation at El Zorro confirms district scale potential.
▪ Mineralisation associated with a north-south master fault, follow up drilling planned.
▪ Drone Hill is 350 metres west-north-west from the Ternera Gold Deposit.
▪ Drilling continues at El Zorro 24/7 defining the Ternera Gold Deposit.
▪ In total, Tesoro has drilled 125 diamond drill holes at El Zorro for 38,063 metres.
▪ Assays remain outstanding for 33 holes.

Tesoro Resources Limited (Tesoro or the Company) (ASX:TSO) is pleased to announce the positive
first assay results from the Drone Hill Target at the Company’s El Zorro Gold Project (El Zorro) in Chile.
Hole ZDDH00095 is the first hole drilled at Drone Hill, targeting gold mineralisation identified from
surface mapping and sampling, and geophysics.
Hole ZDDH00095 returned significant gold intercepts of:
▪ 2.00m @ 0.62 g/t Au from 106.00m;
▪ 0.55m @ 1.52 g/t Au from 135.95m; and
▪ 11.50m @ 1.13 g/t Au from 212.50m including:
▪ 1.57m @ 7.37 g/t Au from 212.50m
All significant intercepts from El Zorro are presented at Appendix 1 of this announcement.

Tesoro Managing Director, Zeff Reeves commented:
“This result from the first hole drilled at Drone Hill is exceptional and it further demonstrates the
extensive amount of gold in the El Zorro district. We are excited about what the ultimate potential
for the project is which now has multiple proven mineralised targets outside of Ternera. We have a
solid foundation at Ternera, where resource definition drilling is ongoing, but with additional targets
such as Drone Hill and Toro Gordo returning such positive early results, it lays down the foundation
for continued growth at El Zorro.”