Tesoro Minerals Corp. announced a non-brokered private placement of up to 7,142,857 common shares at a price of CAD 0.035 per share for gross proceeds of CAD 249,999.95 on April 5, 2023. A finder's fees may be payable in cash of up to 6% of the proceeds of the Private Placement in accordance with TSXV policies.

The securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date. The closing of the Offering is anticipated to occur on or before April 30, 2023 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange.