Tesoro Minerals

Tesoro Minerals Corp. a publicly trading Company is based in Vancouver, British Columbia.  This is a well-known center of mineral exploration, targeting global projects across numerous commodities at the pre-discovery to pre-development stages where its team can advance project and shareholder value. Management and the Board of Directors are focused on creating shareholder value, by ensuring that capital is committed towards exploration, while focusing on, and balancing the costs of operating a public company within a prospective emerging market.  

The Company acquired White Gold Corporation (“White Gold”) On July 27, 2011, a private Alberta corporation. White Gold, through its wholly-owned subsidiary, Oro Barracuda Ltda., a Colombian corporation, owns a 100% interest in the Tolimo & Quindio, Arboledas Gold Project and Surata Gold Project mineral property claims located in Colombia. The acquisition was completed by an amalgamation agreement with the Company’s whollyowned Alberta subsidiary, 1605139 Alberta Ltd. Subsequently, the Company ceased exploration of the White Gold properties and wrote down its value.

Investment during the year ended October 31, 2015, the Company entered into a Share Purchase Agreement (the “Agreement”) with Oro Exploration Ltd. (“Oro”) to sell 100% of the outstanding shares of the Company’s 100% owned Colombian subsidiary, Oro Barracuda S.A.S. (“OBSAS”).

 In January 2016, the Company completed the Agreement and received 550,000 shares of Oro, valued at $27,500, which is 10% of the issued share capital in Oro after the initial private placement of shares. The Company also has the option to participate at the 10% level in future financings of Oro, and retains a Right of First Offer on any mineral property generated by Oro excluding those currently held by OBSAS. The Company has also retained a 1% net smelter royalty (“NSR”) on any OBSAS mineral title. Oro has the right to buy back the NSR for $1,000,000 USD.

Tesoro Minerals Corp. (“Tesoro” or “the Company”) is committed to implementing, carrying out and maintaining ethical business practices and procedures. It is with sincerity and conviction that we strive to be a good Corporate Citizen. The Company will comply with existing environmental laws, policies, practices, and procedures in the Countries where it conducts business.

Tesoro Minerals is committed to developing its mineral assets through sound exploration practices in order to identify, bring forth and develop a viable project so as to maximize shareholder value for all of our investors.

The Company believes in wealth creation for its investors, but also for the potential future wealth of the people and region in the Country that the Company is conducting operations. Tesoro’s commitment is built on a foundation of adopting, following and conforming to principles of responsibility and integrity.

It is important to the Company to cultivate, sustain and maintain good friendships, relationships and partnerships with the people that reside in the surrounding communities in the areas in which we conduct our corporate operations. It is paramount for Tesoro to respect and honour the local customs and traditions of all people that live in the communities of each region within the Country where we carry out our day to day corporate activities.

It is Tesoro’s intent to maintain social responsibility values. Our goal is to achieve and maintain corporate ethical, moral and environmental standards always.