Tesoro Announces Resignation of President & CEO

TESORO MINERALS CORP.

Suite 615, 800 West Pender Street

Vancouver, British Columbia

Canada V6C 2V6

Tesoro Announces Resignation of President & CEO

VANCOUVER, April 21, 2021 - Tesoro Minerals Corp (TSX Venture: TES) (" Tesoro" or the

"Corporation"), announces that its Board of Directors has accepted the resignation of Mr. Peter Tegart as

President, Chief Executive Officer and a Director of the Corporation. Mr. Tegart has decided to pursue

other opportunities and the Board wishes him well with his future endeavours. In light of Mr. Tegart's

resignation, the Board has appointed Mr. Scott McLean, P.Geo., FGC as Interim Chief Executive Officer.

Mr. McLean will oversee the Corporation and be responsible for the day-to-day operations of Tesoro’s

business until such time as a new President and CEO is appointed. Mr. McLean has been with Tesoro for a

number of years as a member of the Board of Directors of the Corporation.

About Tesoro

The Company has assembled a team of experienced geoscientists with extensive exploration experience in

the Americas with the aim of acquiring other assets. For further information on the Company please contact

Scott McLean, Interim President & CEO at [email protected] or (604) 710-2140.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada

accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities

in the United States of America. The securities have not been and will not be registered under the United

States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered

or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered

under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration

is available.