Tesoro Minerals Corp. (the "Company") (TSX VENTURE:TES) is pleased to announce
it has closed the first tranche (the "First Tranche") of a non-brokered private
placement previously announced on July 8, 2014 (the "Offering").


The Offering is expected to be comprised of up to 5,000,000 units ("Units") at a
price of 0.10 per Unit for gross proceeds of up to $500,000. Each Unit will
comprise one common share ("Common Share") and one common share purchase warrant
(the "Warrants"). Each Warrant will entitle the holder to purchase one
additional Common Share at a price of $0.20 per Common Share for the first year
from the date of issue, and at an additional $0.05 per Common Share for each
subsequent year until the expiry of the Warrants five years after the date of
issue.


The First Tranche comprised 4,345,000 Units. The Company paid finder's fees for
certain Units of the First Tranche of 7% cash and 7% Broker Warrants for a total
of $30,240 and 302,400 Broker Warrants. 


The Common Shares issued in the First Tranche and the Common Shares to be issued
pursuant to the exercise of the Warrants and Broker Warrants are all subject to
a hold period expiring December 1, 2014.


Completion of the First Tranche and the Offering is subject to the final
approval of the TSX Venture Exchange.


The net proceeds from the First Tranche and the Offering will be used for the
further evaluation of the Company's gold exploration projects in Colombia and
for general corporate purposes.


About Tesoro Minerals Corp. 

Tesoro Minerals Corp. (TSX VENTURE:TES) is a mineral exploration company with
major land positions in three of Colombia's most prolific gold regions including
Antioquia, Tolima-Quindio, and Santander-Norte de Santander. The Company has
assembled a team of experienced geoscientists with extensive exploration
experience in the Americas with the aims of advancing its assets towards
discovery. 


On Behalf of Tesoro Minerals Corp. 

Peter Tegart, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tesoro Minerals Corp.
Peter Tegart
President and CEO
peter.tegart@gmail.com
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