Tesoro Minerals Corp. a publicly trading Company (TSV-TSE) 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.