File: Attachment Press Release - (D Elliott - Tesoro EWR) 5 Feb 2026 - Final.pdf

PRESS RELEASE

This press release is issued pursuant to National Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take- Over Bid and Insider Reporting Issues.

Vancouver, British Columbia February 5, 2026 On February 4, 2026, Tesoro Minerals Corp. (the "Issuer"), having an office at #1005, 409 Granville Street, Vancouver, British Columbia, V6C 1T2, completed a private placement offering (the "Offering") of common shares sold at a price of $0.08 per common share. David B. Elliott of Suite 700, 200 Burrard Street, Vancouver, British Columbia, acquired ownership of and direction and control over an aggregate 359,500 common shares pursuant to the Offering.

As a result of the Offering and associated dilution, the securityholding percentage of Mr. Elliott's beneficial ownership of, or control or direction over, common shares in the capital of the Issuer, decreased to less than 10%.

Immediately before the transaction that triggered the requirement to file this report, the acquiror owned, directly and indirectly, an aggregate 3,329,415 common shares of the Issuer representing approximately 10.12% of the Issuer's then issued and outstanding common shares.

Immediately after the transaction that triggered the requirement to file this report, the acquiror owned, directly and indirectly, an aggregate 3,688,915 common shares of the Issuer representing approximately 9.22% of the Issuer's then issued and outstanding common shares.

The securities acquired were issued from the Issuer's treasury for cash subscriptions at a per share price of $0.08 for total cash consideration of $28,760. The securities were acquired for investment purposes by Mr. Elliott and he will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Elliott has no immediate future intention to acquire additional securities of the Issuer, or dispose of securities of the Issuer that he owns.

A report respecting this acquisition will be electronically filed with the Securities Commission in each jurisdiction where the Issuer is reporting and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval+ (SEDAR+) at www.sedarplus.ca. To obtain a copy of the report, contact Mr. Elliott at (604) 697-7111.

(signed) "David B. Elliott" David B. Elliott

File: '\\swfile\EmailIn\20260205 101121 Attachment Press Release - (D Elliott - Tesoro EWR) 5 Feb 2026 - Final.docx'

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PRESS RELEASE

This press release is issued pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Vancouver, British Columbia - February 5, 2026 - On February 4, 2026, Tesoro Minerals Corp. (the "Issuer"), having an office at #1005, 409 Granville Street, Vancouver, British Columbia, V6C 1T2, completed a private placement offering (the "Offering") of common shares sold at a price of $0.08 per common share. David B. Elliott of Suite 700, 200 Burrard Street, Vancouver, British Columbia, acquired ownership of and direction and control over an aggregate 359,500 common shares pursuant to the Offering.

As a result of the Offering and associated dilution, the securityholding percentage of Mr. Elliott's beneficial ownership of, or control or direction over, common shares in the capital of the Issuer, decreased to less than 10%.

Immediately before the transaction that triggered the requirement to file this report, the acquiror owned, directly and indirectly, an aggregate 3,329,415 common shares of the Issuer representing approximately 10.12% of the Issuer's then issued and outstanding common shares.

Immediately after the transaction that triggered the requirement to file this report, the acquiror owned, directly and indirectly, an aggregate 3,688,915 common shares of the Issuer representing approximately 9.22% of the Issuer's then issued and outstanding common shares.

The securities acquired were issued from the Issuer's treasury for cash subscriptions at a per share price of $0.08 for total cash consideration of $28,760. The securities were acquired for investment purposes by Mr. Elliott and he will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Elliott has no immediate future intention to acquire additional securities of the Issuer, or dispose of securities of the Issuer that he owns.

A report respecting this acquisition will be electronically filed with the Securities Commission in each jurisdiction where the Issuer is reporting and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval+ (SEDAR+) at www.sedarplus.ca. To obtain a copy of the report, contact Mr. Elliott at (604) 697-7111.

(signed) "David B. Elliott"

David B. Elliott