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TES.V ·

Tesoro Minerals Acquires Two Prospective Epithermal Au-Cu Projects in Peru

Mergers & Acquisitions Property Options & Staking

1005, 409 Granville Street Vancouver, BC, V6C 1A5

www.tesorominerals.com

For Immediate Release July 8, 2025

Tesoro Minerals Acquires Two Prospective Epithermal Au-Cu Projects in Peru

VANCOUVER, British Columbia, July 8, 2025 (TSX-V: TES) – Tesoro Minerals Corp.,

(“Tesoro” or the “Company”) is pleased to announce it has signed a definitive agreement with

Globetrotters Resource Group Inc. (“Globetrotters”) to acquire a 100 % interest in the

Rumichaca and Cerro Macho epithermal gold-copper projects in south-central Peru.

“These acquisitions pivot Tesoro toward high-impact gold–copper discovery in one of Peru’s

least explored belts,” said Scott McLean, CEO. “We will focus our exploration budget on

Rumichaca and Cerro Macho while advancing the planned divestiture of our non-core

concession applications in the Piura Region.”

Highlights

• Two new high-sulphidation epithermal prospects secured – the Rumichaca (900 ha) and

Cerro Macho (2,500 ha) Au-Cu projects.

• Strategic location: 3,400 ha in total within Peru’s Miocene Porphyry–Epithermal Belt, an

emerging district in south-central Peru.

• Compelling geology: Advanced-argillic alteration, anomalous Au-Cu-Mo values and

pathfinder elements point to large, fertile mineralizing systems.

Transaction Terms: Consideration Details

Shares Issued 1,425,000 common shares of Tesoro at a deemed $0.08 per share (CAD

$114,000 total).

Royalty 2% Net Smelter Return (“NSR”) to Globetrotters; Tesoro may repurchase

1% for $1,000,000 any time before completion of a Feasibility Study.

Area of Interest A 3-kilometre radius around each project for 3 years; newly acquired

ground within this area will carry the same 2% NSR.

Closing Subject to customary conditions, including TSX Venture Exchange

approval. No finder’s fees will be paid.

1005, 409 Granville Street Vancouver, BC, V6C 1A5

www.tesorominerals.com

Project Overview

Rumichaca Cerro Macho

Area 900 ha 2,500 ha

Geological

Setting

High-sulphidation lithocap with

pervasive advanced-argillic alteration.

Extensive lithocap with silica-alunite

alteration and local vuggy silica.

Key Results Rock sampling: up to 0.39 g/t Au with

anomalous Cu-Mo.

Rock sampling: up to 0.42 g/t Au plus

elevated As and Ba.

Exploration

Plan

– 10 line-km Induced Polarization (IP)

survey

– Detailed mapping & rock/soil

geochemistry

– 10 line-km IP survey

– Detailed mapping & rock/soil

geochemistry

Both properties show alteration and geochemical signatures typical of the upper levels of large,

high-sulphidation epithermal and porphyry systems. Tesoro’s initial goal is to define

chargeability/resistivity anomalies and drill targets beneath shallow cover.

Piura Concession Applications

Tesoro holds 21 concession applications (≈ 18,700 ha) in the Las Lomas and Tambogrande

districts, Piura Region. Consistent with its sharpened focus on the Miocene belt, Tesoro intends

to divest these non-core applications in the coming weeks and will update the market as

developments occur.

Qualified Person

The technical elements of this news release have been approved by Mr. Scott McLean, P .Geo.

(PGO), CEO and Director of Tesoro Minerals Corp., and a Qualified Person under National

Instrument 43-101.

1005, 409 Granville Street Vancouver, BC, V6C 1A5

www.tesorominerals.com

About Tesoro Minerals Corp.

Tesoro Minerals Corp. (TSX-V: TES) is a junior exploration company focused on discovering and

advancing 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.

On Behalf of the Board of Directors

(signed) “Scott McLean”

Interim President & CEO

Further information contact:

Tesoro Minerals Corp.

Tel: (705) 669-1777

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These

statements relate to future events or future performance. The use of any of the words "could", "intend",

"expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to

matters that are not historical facts are intended to identify forward-looking information and are based on

the Company's current belief or assumptions as to the outcome and timing of such future events. Actual

future results may differ materially.

All statements including, without limitation, statements relating to the ability to complete the offering on

the proposed terms or at all, anticipated use of proceeds from the offering and receipt of regulatory

approvals with respect to the offering as well as any other future plans, objectives or expectations of the

Company are forward-looking statements that involve various risks and uncertainties. There can be no

assurance that such statements will prove to be accurate and actual results and future event s could differ

materially from those anticipated in such statements. Important factors that could cause actual results to

differ materially from the Company's plans or expectations include risks relating to the availability of

capital and financing, general economic, market or business conditions, regulatory changes, the COVID -

19 pandemic or other similar health crisis, timeliness of government or regulatory approvals and other

risks detailed herein and from time to time in the filings made by the Company with securities regulators.

The Company expressly disclaims any intention or obligation to update or revise any forward- looking

statements whether as a result of new information, future events or otherwise except as otherwise

required by applicable securities legislation.