Ann: Ternera resource definition drilling continues to deliver, page-2

Ternera Resource Definition Drilling Continues to Deliver 47.00m @ 1.21g/t Au, 9.50m @ 3.05g/t Au, 22.09m @ 1.50g/t Au

• ▪ Consistent wide zones of gold mineralisation continue to be intersected at the Ternera Gold Deposit including:

  • ZDDH0101

    • ▪ 69.00m @ 0.95g/t Au from 133.00m including:

    • ▪ 23.40m @ 1.76g/t Au from 136.00m.

    • ▪ 28.56m @ 1.30g/t Au from 258.00m including:

    • ▪ 9.50m @ 3.05g/t Au from 275.50m.

  • ZDDH0103

    • ▪ 14.00m @ 1.42g/t Au from 88.00m including:

    • ▪ 5.60m @ 3.01g/t Au from 88.00m.

  • ZDDH0104

    • ▪ 41.09m @ 0.95g/t Au from 174.91m including:

    • ▪ 22.09m @ 1.50g/t Au from 174.91m.

  • ZDDH0110

    • ▪ 20.00m @ 1.48g/t Au from 80.00m including:

    • ▪ 5.50m @ 3.37g/t Au from 82.50m.

  • ZDDH0111

    • ▪ 122.00m @ 0.43g/t Au from 8.00m including:

    • ▪ 11.00m @ 2.16g/t Au from 98.00m.

• ▪ Infill and extensional drilling continues to demonstrate excellent continuity of gold mineralisation across the entire Ternera Deposit.

• ▪ Modelling has identified thickening of the mineralised zone along the east of the Ternera Deposit and holes ZDDH0105, ZDDH0106, ZDDH0108 and ZDDH0109 have all been re-entered and extended by over 200m each to intercept this widening zone.

• ▪ Additional drill rig mobilised to El Zorro to accelerate resource drilling.

• ▪ Five (5) drill rigs now on site at El Zorro drilling 24/7.

• ▪ In total, Tesoro has drilled 136 diamond drill holes at El Zorro for 42,760m’s.

• ▪ Assays remain outstanding for 31 holes.