Mr. Scott McLean reports

TESORO MINERALS ANNOUNCES A $600,000 PRIVATE PLACEMENT

Tesoro Minerals Corp. intends to complete a non-brokered private placement for gross proceeds of up to $600,000 through the sale of up to six million common shares at a price of 10 cents per share.

A finder's fee may be payable in cash of up to 6 per cent of the proceeds of the private placement in accordance with TSX Venture Exchange policies.

Closing of the private placement is subject to certain customary conditions, including the receipt of TSX-V approval.

Use of proceeds

The net proceeds from the private placement are expected to be used for the following purposes:

• Advancement of the Rumichaca and Cerro Macho properties in Peru, including initial fieldwork, data compilation, geological mapping and sampling, and induced polarization (IP) ground geophysical surveys;
• Community and social engagement initiatives;
• General working capital and corporate purposes.

It is important to note that none of the proceeds will be utilized for investor relations activities and no payments will be made to non-arm's-length parties of the issuer. All securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

About Tesoro Minerals Corp.

Tesoro Minerals is a junior exploration company focused on the discovery and advancement of high-quality precious and base metal projects in Peru. The company leverages strong in-country expertise and a disciplined, value-accretive approach to project acquisition and exploration.

We seek Safe Harbor.