Tesoro closes Rumichaca, Cerro Macho acquisition

Executive Summary

• Tesoro Minerals Corp. has completed the acquisition of the Rumichaca and Cerro Macho properties from Globetrotters Resource Group Inc., securing a 100% interest in two prospective epithermal gold exploration projects in Peru.
• The transaction consideration includes the issuance of 1,425,000 common shares valued at $114,000 and a 2% Net Smelter Return (NSR) royalty, with an option to repurchase 1% of the NSR for $1 million prior to a feasibility study.
• Tesoro plans to initiate an exploration program estimated at $300,000, involving detailed mapping and approximately 60 line kilometers of induced polarization and magnetic surveys to define drill targets beneath shallow cover.

Key Details

• Transaction Completion: Acquisition of Rumichaca and Cerro Macho properties from Globetrotters Resource Group Inc. completed pursuant to an agreement dated July 7, 2025.
• Asset Details: 100% interest in two prospective epithermal gold exploration projects in Peru.
• Consideration:
  • Issuance of 1,425,000 common shares of Tesoro at a deemed price of $0.08 per share.
  • Aggregate value of shares: $114,000.
  • 2% Net Smelter Return (NSR) royalty granted to Globetrotters.
  • Repurchase option: Tesoro may buy back 1% of the NSR for $1 million at any time prior to the completion of a feasibility study.
• Geological Context: Properties exhibit alteration and geochemical signatures typical of upper levels of large, high-sulphidation epithermal and porphyry systems.
• Exploration Plan:
  • Initial goal: Define chargeability/resistivity anomalies and drill targets beneath shallow cover.
  • Activities: Detailed lithological and alteration mapping followed by geophysical surveys.
  • Geophysical Scope: Approximately 60 line kilometres of induced polarization and magnetic surveys.
  • Estimated Cost: $300,000 (inclusive of community engagement and social initiatives).
• Financing: The company states it is adequately financed to complete the initial exploration program following a recently completed private placement (referenced as dated Feb. 4, 2026).
• Regulatory Status: Conditional approval received from the TSX Venture Exchange for the transaction.

Notable Quotes

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