Tesoro Gold : Change of Director's Interest Notice x2

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Tesoro Gold Limited
ABN	91 106 854 175

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Zeffron Charles Reeves
Date of last notice	5 August 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Mr Zeffron Charles Reeves as trustee for the Palin
(including registered holder)	Trust.
Note: Provide details of the circumstances giving rise to the relevant
interest.	Mr Reeves is a beneficiary of the Palin Trust.
Date of change	11 July 2022

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

	No. of securities held prior to change	36,429,797 Fully Paid Ordinary Shares1
only		28,794,620 Class B Performance Rights, subject
	to performance-based vesting conditions as set
	out in Notice of Meeting dated 21 October 2019
		and expiring 36 months after completion of
		acquisition of Tesoro Resources Limited1
		9,225,000 Class C Performance Rights, subject to
		performance-based vesting conditions as set out
		in Notice of Meeting dated 21 October 2019 and
		expiring 48 months after completion of
use		acquisition of Tesoro Resources Limited1
	9,225,000 Class D Performance Rights, subject to
	performance-based vesting conditions as set out
	in Notice of Meeting dated 21 October 2019 and
	expiring 60 months after completion of
	acquisition of Tesoro Resources Limited1
	1.	Securities held by Mr Zeffron Charles Reeves
		as trustee for the Palin Trust.
personal
Class	Fully Paid Ordinary Shares
	performance-based vesting conditions as set out
		Class b Performance Rights
	Number acquired	28,794,620 Shares
	Number disposed	28,794,620 Class B Performance Rights
	Value/Consideration	Nil cash consideration (est. value of $1.3 million
	Note: If consideration is non-cash, provide details and estimated valuation	based on closing price of $0.046 on 8 July 2022)
	No. of securities held after change	65,224,417 Fully Paid Ordinary Shares1
		9,225,000 Class C Performance Rights, subject to
		performance-based vesting conditions as set out
		in Notice of Meeting dated 21 October 2019 and
		expiring 48 months after completion of
		acquisition of Tesoro Resources Limited1
		9,225,000 Class D Performance Rights, subject to
For		in Notice of Meeting dated 21 October 2019 and
	expiring 60 months after completion of
	acquisition of Tesoro Resources Limited1
	1.	Securities held by Mr Zeffron Charles Reeves
		as trustee for the Palin Trust.
Nature of change	Exercise of vested Class B Performance Rights on
Example: on-market trade, off-market trade, exercise of options, issue of	achievement of performance-based vesting
	securities under dividend reinvestment plan, participation in buy-back	conditions as set out in Notice of Meeting dated
		21 October 2019

Part 2 - Change of director's interests in contracts

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract

N/A

Nature of interest

Name of registered holder (if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts	No.
detailed above traded during a +closed period
where prior written clearance was required?
If so, was prior written clearance provided to allow
the trade to proceed during this period?
If prior written clearance was provided, on what
date was this provided?

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Tesoro Gold Limited
ABN	91 106 854 175

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Geoffrey William McNamara
Date of last notice	5 August 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Linkwood Holdings Pte Ltd
(including registered holder)	Geoffrey McNamara is a director and substantial
Note: Provide details of the circumstances giving rise to the relevant
interest.	shareholder of Linkwood Holdings Pte Ltd
Date of change	11 July 2022

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

	No. of securities held prior to change	25,410,546	Fully Paid Ordinary Shares1
only		44,121,684	Fully Paid Ordinary Shares2
	21,265,380	Class B Performance Rights, subject
		to performance-based vesting conditions as set
		out in Notice of Meeting dated 21 October 2019
		and expiring 36 months after completion of
		acquisition of Tesoro Resources Limited2
		10,805,000	Class C Performance Rights, subject
		to performance-based vesting conditions as set
use		out in Notice of Meeting dated 21 October 2019
	and expiring 48 months after completion of
	acquisition of Tesoro Resources Limited2
		10,805,000	Class D Performance Rights, subject
		to performance-based vesting conditions as set
		out in Notice of Meeting dated 21 October 2019
		and expiring 60 months after completion of
		acquisition of Tesoro Resources Limited2
personalFor		1. Held by Tanamera Resources Pte Ltd (a company
	registered in Singapore). Geoffrey McNamara is
	the sole director and shareholder of Tanamera
		Resources Pte Ltd.
		2. Held by Linkwood Holdings Pte Ltd (a company
		registered in Singapore). Geoffrey McNamara is a
		director and substantial shareholder of Linkwood
		Holdings Pte Ltd.
	Class	Class A Performance Rights
		Fully Paid Ordinary Shares
	Number acquired	21,265,380	Shares
	Number disposed	21,265,380	Class A Performance Rights
	Value/Consideration	Nil cash consideration (est. value of $978,207
	Note: If consideration is non-cash, provide details and estimated valuation	based on closing price of $0.046 on 8 July 2022)

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011