Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name TESORO GOLD LTD Date of this announcement Tuesday January 16, 2024 The +securities the subject of this notification are: Other Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed Security description Unlisted Options Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/7 Total number of +securities to be issued/transferred Issue date 2,000,000 16/01/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity TESORO GOLD LTD We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 91106854175 1.3 ASX issuer code TSO 1.4 The announcement is New announcement 1.5 Date of this announcement 16/1/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: Other Please specify 2,000,000 Unlisted Options 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 16/1/2024 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://stocknessmonster.com/announcements/tso.asx-6A1186688/ Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.02700000 16/1/2026 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description One fully paid ordinary share for each option Any other information the entity wishes to provide about the +securities the subject of this notification Options issued in consideration for lead manager services Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Proposed Issue announced on https://stocknessmonster.com/announcements/tso.asx-6A1180059/ Issue details Number of +securities 2,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Options issued in consideration for lead manager services Purpose of the issue To pay for services rendered Additional Details Not applicable Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description TSO : ORDINARY FULLY PAID 1,150,990,349 TSOO : OPTION EXPIRING 07-JUL-2025 60,256,162 TSOOA : OPTION EXPIRING 13-DEC-2025 136,298,991 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description TSOAB : PERFORMANCE RIGHTS 68,537,940 TSOAD : SHARE RIGHTS 1,038,917 New class - code to be confirmed : Unlisted Options 2,000,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes 5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 15/1/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7