Tesoro Announces Resignation of President & CEO

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2021) - Tesoro Minerals Corp (TSXV: 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 info@tesorominerals.com 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.

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