Mineral Resource Estimate of 1.3Moz gold announced on 9 March 2023 (Constrained by USD1,800/oz optimised pit shell)

Tesoro holds one of the largest & most prospective gold properties in Chile

Ternera Gold Deposit Block Model Section 7036175N (looking north) showing MRE block model and US$1,800/oz optimised open pit shell. Block model coloured to gold grade. Grid is 100m x 100m.

Ternera Gold Deposit Block Model Long Section looking northwest highlighting continuous high-grade mineralisation from surface above 1.50g/t Au. US$1,800/oz pit shell shown as red outline

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