Tesoro Gold Limited (Tesoro or the Company) announced assay results from three holes from the current drilling program at the El Zorro Gold Project (El Zorro), Chile. All holes have returned positive gold results with holes ZDDH0300 and ZDDH0301 adding further wide zones of mineralization within the Ternera Gold Deposit (Ternera). Results received for three holes of the current infill and extensional drill program at the 1.1 Moz Ternera Gold Deposit (Ternera) at the El Zorro Gold Project (El Zorro).

Further wide high grade gold results returned, highlights include: ZDDH0300: 221.00m @ 0.85g/t Au from 153.00m, including: 129.60m @ 1.08g/t Au from 193.40m; 22.60m @ 2.51g/t Au from 193.40m; 7.50m @ 4.16g/t Au from 206.00m; and 22.50m @ 1.48g/t Au from 292.50m. ZDDH0301: 22.08m @ 1.98g/t Au from 346.00m, including: 17.86 @ 2.35g/t Au from 346.00m; and 4.36m @ 4.67g/t Au from 349.14m. Results provide significant infill intercepts within existing resource, further upgrading the Ternera Gold Deposit Mineral Resource Estimate (MRE).

Eleven holes completed for 4,301m with assays outstanding for 6 holes. Hole ZDDH0300 is the 26th hole that has returned >100 gram metre gold intercept at the Ternera Gold Deposit. First hole at the Calderillas Target underway, with results expected in 4-6 weeks.