Mr. Nick Appleyard reports

TRISTAR GOLD ANNOUNCES CLOSING OF $4 MILLION FIRST TRANCHE OF PRIVATE PLACEMENT

Tristar Gold Inc. has closed the first tranche of the private-placement financing announced in the company's news release dated June 13, 2016, in which a total of 13,237,839 units were issued at a price of 30 cents per unit for gross proceeds of $3,971,352. Each unit is composed of one common share and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company at an exercise price of 55 cents until July 7, 2018, subject to acceleration in certain circumstances.

A total of 6,933,610 units were issued on a brokered private-placement basis, with Beacon Securities Ltd. as lead agent and Paradigm Capital Inc. acting as agent on a commercially reasonable best efforts basis. A further 6,304,229 units were issued on a non-brokered basis.

The agents or their nominees have received a cash commission totalling $71,062 and non-transferable compensation options exercisable to acquire a total of 611,872 common shares of the company at an exercise price of 30 cents per share at any time up to July 7, 2018.

The company intends to use the net proceeds of the private placement for advancing the Castelo de Sonhos project, for working capital and for general corporate purposes.

The securities issued pursuant to the first tranche of the private placement will be subject to a four-month hold period under applicable Canadian securities laws, expiring on Nov. 8, 2016.

Subject to market conditions, the company intends to complete one or more further tranches of the private placement.

We seek Safe Harbor.