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TESORO GOLD LTD Director's Dealing 2026
65957_rns_2026-06-22_4d8b3d86-ad13-4c4e-b884-f2489f37c8a7.pdf
Director's Dealing
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TESORO GOLD
ASX ANNOUNCEMENT
22 JUNE 2026
ASX: TSO OTCQX: TSORF FSE: 5D7
CORRECTION TO APPENDIX 3Y
Tesoro Gold Limited (Tesoro or the Company) (ASX: TSO, OTCQX: TSORF, FSE: 5D7) refers to the Appendix 3Y lodged with the ASX on 19 June 2026 in respect of Mr Mark Connelly.
The Company advises that the Appendix 3Y contained incorrect figures relating to the Director's relevant interest. Specifically, the disclosed holdings did not reflect the share consolidation undertaken by the Company in December 2025.
An amended Appendix 3Y reflecting the Director's correct post-consolidation holding accompanies this announcement.
The Company confirms that this error was administrative in nature only and does not affect the underlying transaction disclosed in the original Appendix 3Y.
Authorised by the Board of Tesoro Gold Ltd.
For more information:
Company
Zeff Reeves
Managing Director
[email protected]
Investor Relations & Media Enquiries
Grace Lauder
Fivemark Partners
[email protected]
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31 Cliff Street, Fremantle WA 6160 | +61 8 6383 7883 | [email protected] | tesorogold.com.au
ASX ANNOUNCEMENT
22 JUNE 2026
TESORO GOLD
About Tesoro
Tesoro Gold Limited has discovered and defined the first Intrusive Related Gold System in Chile. The 1.82M oz Ternera discovery is in the Coastal Cordillera region of Chile. The Coastal Cordillera region is host to multiple world-class copper and gold mines, has well established infrastructure, service providers and an experienced mining workforce. Large areas of the Coastal Cordillera remain unexplored due to the unconsolidated nature of mining concession ownership, but Tesoro, via its in-country network and experience has been able secure rights to the district-scale El Zorro gold project in-line with the Company's strategy. Tesoro's 95% owned Chilean subsidiary owns 95.4% of the El Zorro Gold Project (see ASX announcement released 12 August 2025).
Future Performance
This announcement may contain certain forward-looking statements and opinions. Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of the Company and which are subject to change without notice and could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Nothing contained in this announcement, nor any information made available to you is, or and shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Tesoro Gold.
Competent Persons Statements
The information in this report that relates to Mineral Resources is based on information compiled by Mr Lynn Widenbar (B.Sc(Hons) Geology, M.Sc. FAusIMM, MAIG), a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Widenbar is acting as an independent consultant to Tesoro Gold Limited. Mr Widenbar has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. The Company confirms that it is not aware of any new information or data that materially affects the information contained the form and context in which the Competent Person's findings are presented have not been materially modified from in the original announcement on 4 August 2025, and all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. The Mineral Resource comprises 1,123koz in the Indicated and 692koz in the Inferred category.
Tesoro Gold
Rule 3.19A.2
Appendix 3Y
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 | Mark Connelly |
|---|---|
| Date of last notice | 10 November 2025 |
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 | Direct |
|---|---|
| Nature of indirect interest (including registered holder) | |
| Note: Provide details of the circumstances giving rise to the relevant interest. | Nil |
| Date of change | 19 June 2026 |
| No. of securities held prior to change | 250,000 Fully Paid Ordinary Shares |
| 250,000 Class G Performance Rights¹ | |
| 250,000 Class H Performance Rights¹ | |
| Performance Rights subject to performance-based vesting conditions as set out in Notice of Meeting dated 29 October 2024 and expiring 16 December 2029. | |
| Class | i) Class U Performance Rights (Class U) |
| ii) Class V Performance Rights (Class V) | |
| iii) Class W Performance Rights (Class W) | |
| iv) Class Y Performance Rights (Class Y) | |
| Number acquired | i) 497,618 Class U Performance Rights |
| ii) 150,794 Class V Performance Rights | |
| iii) 150,794 Class W Performance Rights | |
| iv) 150,794 Class Y Performance Rights | |
| Number disposed | Nil |
Appendix 3Y
Change of Director's Interest Notice
| Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation | Nil cash consideration. Estimated fair value of $0.84 as set out in the Notice of Annual General meeting released to ASX on 29 April 2026. |
|---|---|
| No. of securities held after change | 250,000 Fully Paid Ordinary Shares Performance Rights subject to performance-based vesting conditions as set out in Notice of Meeting dated 29 October 2024 and expiring 16 December 2029: 250,000 Class G Performance Rights 250,000 Class H Performance Rights Performance Rights subject to performance-based vesting conditions as set out in the Notice of Meeting dated 17 April 2026: • 497,618 Class U Performance Rights expiring 31 December 2029 • 150,794 Class V Performance Rights expiring 31 December 2027 • 150,794 Class W Performance Rights expiring 31 December 2028 • 150,794 Class Y Performance Rights expiring 31 December 2028 |
| Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back | Issue of Performance Rights pursuant to the Company's Performance Rights Plan which are subject to various vesting conditions, as approved by shareholders at the Annual General Meeting held 29 May 2026. |
Part 2 – Change of director’s interests in contract
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 | N/A |
| Name of registered holder (if issued securities) | N/A |
| Date of change | N/A |
| 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 | N/A |
| Interest acquired | N/A |
| Interest disposed | N/A |
+See chapter 19 for defined terms.
01/01/2011
Appendix 3Y Page 2
Appendix 3Y
Change of Director's Interest Notice
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
N/A
Interest after change
N/A
Part 3 – +Closed period
| Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? | No. |
|---|---|
| If so, was prior written clearance provided to allow the trade to proceed during this period? | N/A |
| If prior written clearance was provided, on what date was this provided? | N/A |
+See chapter 19 for defined terms.
01/01/2011