Tristar Gold Inc.

TriStar Gold is advancing Brazil’s premier gold development project, its 100% owned flagship property Castelo de Sonhos, in mining-friendly Pará State. Listed as TSG on the TSX Venture Exchange and TSGZF on the OTC, TriStar has completed a pre-feasibility study and anticipates receiving the LP permit early in 2024. This critical environmental permit on the 1.4 million ounce reserve will highlight CDS as one of the few large gold reserves in a good mining jurisdiction with an environmental permit in hand.

For Brazil, the world’s 5th largest country, mineral production contributed an estimated US$43.7B of gross value to Brazilian GDP in 2020. Gold in Brazil has a history back to the 1700s, when a gold rush in the then-Portuguese colony opened the country as a major gold-producing region.

The Castelo de Sonhos property encompasses a 15km by 12km plateau in the Tapajós region of Pará State. It has an average elevation above sea level of approximately 600m and stands around 350m above the surrounding plains.

2024 should be a transformational year as TriStar moves on from the critical but subdued work of permitting into the last phases of development and towards construction. This will also be the time when we consider all forms of offers to assist in getting this exciting project into production.

The 2021 PFS defined a simple open pit operation that returned a post-tax NPV5% of US$321 million at $1,550 gold and IRR of 28%. The project is in a farming region, adjacent to all the required infrastructure and with easy access to airports and ports, making it an ideal place to permit a mine. With strong community and local government support, the 2023 permitting milestones were achieved seamlessly.

TriStar has a Board of Directors ready to take this medium to large scale project through development and on the road to production. Tristar Gold is committed to a transparent approach to responsible development and mining while fostering a safe workplace for our employees and contractors. Beyond reflecting our values, this commitment to sustainability acknowledges the significant and growing desire within society to see companies focus on ESG. Minimizing environmental impacts and externalities is core to our approach, while maintaining open and respectful relationships with communities and regulators to ensure that benefits from our operations can flow through partnerships that are enduring and impactful.